Blockchain Terminal Revolutionizes Crypto Trading
The first and - to our knowledge - ONLY all-in-one solution for the serious crypto trader.
Crypto trading seems to be easy, in some ways. You hop on an exchange, set your price, buy or sell, and repeat until you have something you want to keep in a hardware wallet.
But what we see, isn’t necessarily what is.
We see an exchange. We see a price. We see a demand, and a supply. We hope to be on the right end of that seesaw. But what we cannot do, is understand the entire cryptocurrency market – the 100 or more exchanges, the tens of thousands of buy and sell orders beyond our immediate grasp. Even if we could load them individually, even if we had gone through the painstaking process of KYC for every one of those exchanges… we could never switch between them quickly enough to use the information we had worked so hard for.
What we see, is not necessarily what is.
From Compliance To Cryptocurrency
Blockchain Terminal (BCT) has been under development for three years – initially, through its ComplianceGuard product, which provides a means of providing traditional Hedge Funds and smaller investment companies with information related to audit trails, business rule logic, and exception alerts (as a blatant example, imagine that a fund is precluded from investing in a certain country, and then ignores the embargo – an exception alert would catch this kind of activity).
CEO Bob Bonomo, a veteran Wall Street insider with experience as the CIO at OppenheimerFunds and AllianceBernstein, describes the original product as a “good housekeeping seal” for smaller funds to gain access to asset ow. “When I joined the company, I saw that our foundational capability was in transparency, accountability, compliance… and I saw the relevance for the crypto world, where we have nothing, no auditors, no regulators.”
Over a period of several minutes, Bonomo outlines almost every problem facing the institutional acceptance of cryptocurrency as an asset class – metrics, exchange volume issues, reliability, custody solutions, education – and he quotes Mike Novogratz’s famous “The herd is coming…” to illustrate that these issues need to be resolved, and quickly.
The upshot of this, is that Blockchain Terminal was designed from the ground-up with compliant institutional investors in mind. But there’s a surprise in store for home crypto enthusiasts, too (read all the way to the bottom…)
Everything About Crypto Trading Changes Now
Back in Miami, where I rst encountered the product, I saw some interesting features. In New York, a look at the progress since January brought the concept home, and made me realize that crypto trading is about to change completely.
The Blockchain Terminal itself looks cool. I don’t know how else to say this. It’s cool. A pair of ultrawide monitors stacked vertically, covered with information – mostly familiar, but never presented in one single interface before – and all of which is very… cool. The hardware is almost as engaging as the software.
The user experience is vital when it comes to driving a sports car, or playing a video game – why not create something just as dynamic and immersive for crypto trading? Sitting down at this device makes me want to crack my knuckles, loosen my ngers. It feels like getting down to business.
The Blockchain Terminal fullls several functions:
Exchange Integration
The project aims to include dozens of exchanges with a consolidated order book. When ordinary crypto traders, most of us, make a trade on an exchange we are seeing one fragment of the crypto universe. But Blockchain Terminal brings almost the entire ecosystem into one place. So instead of being presented with THIS order, on THIS exchange, your order book shows ALL orders across ALL supported exchanges – and allows you to buy, or sell, at the best available rate.
And that’s not all. You want to buy 20 ETH of Quantstamp today? You’ll have to go through a pretty signicant range on any individual exchange to buy at market rate. But the consolidated order you place through Blockchain Terminal will actually spread your buy across all supported exchanges, buying 20 ETH at the lowest possible rate even if it buys a fraction on Binance, a fraction on Huobi, a fraction on a dozen other exchanges… and delivering the resulting QSP to a consolidated wallet. Seamlessly obtaining a price that you couldn’t humanly obtain on your own.
As for your wallet, it acts as any other wallet – you load it, you transfer the tokens, you buy and sell, you save your favorites to your hardware device. One wallet, with access to the entire cryptoverse.
And all of this gives rise to an obvious question: how do you register on all of these exchanges?
And the answer is – you don’t. The KYC and registration is handled by BCT as an entity: you complete KYC with them once, and then you have access to their entire portfolio of exchanges.
Yes, read this whole section again. Does the headline make sense now?
Blockchain Terminal App Store
The whole system is designed around the app concept – when I sat down with the team for a second demonstration, the store had come to life. In the top right, a ‘tag cloud’ style app illustrating the relative increase or decrease in value of a set of cryptocurrencies, as well as their relative volume. Clever, engaging, effective.
Other apps track ICO cash ow, calendars, self-curated news ows, sentiment analytics… in fact, as Bonomo continued, the company sees their success as “all about partnerships” . Developers will be encouraged to create nancial apps, either for use in-house by the institution, or for sale to all users via the token ecosystem. “We anticipate revenue share of 80% to the developer,” says Bonomo.
The entire interface is customizable, giving crypto traders access to almost everything they could conceivably want or need to execute their business without leaving the environment.
It is stunning. The UI is simply stunning. And although the team test-drove it for me, I could see that with a little practice, the UX would be equally remarkable.
Private Ethereum Fork For Compliance
The original ComplianceGuard product is also part of the suite; it captures the trading data to ensure that professional funds remain within their remit: “It’s there to identify attempts to deviate from the constraints and mandate that’s sold to the client,” says Bonomo. For funds looking to ensure compliance, the system is essentially designed to prevent the terrifying ‘rogue trader’ scenario which could expose them to nancial risk and legal jeopardy – while also allowing investors to sleep easy, knowing their money is being put to use as promised by the fund.
The way compliance audits are done today, says Bonomo, “is like a reman entering a burned-out building” . It’s all done as a post-mortem. But this system, with its live alerts, could help prevent the kind of events that bring entire industries to their knees: “We can prevent the kind of Madoff situations that show up every ten years, and paint a very negative picture of the industry.”
And that’s one of the key factors behind adding genuine compliance to this product – it actively encourages the institutional investor to test the cryptocurrency waters. Bonomo explains that “No crypto hedge funds that I know of have a constriction management capability, like you can only trade these eight pairs – and when you deviate from that, it’s captured, and someone’s going to ask why you did it.”
The Future Of Crypto Trading
Technology is supposed to be an enabler.
Sometimes it fails. Bad design, unanticipated consequences, poor management.
What I see here is the real deal. It will not only allow for better decision-making, more protable trading, more accurate execution – but it will also encourage further adoption from the investment people who have been skeptical of crypto trading, with good reason. More institutional money in crypto is not a bad thing, it’s simply that with their algorithms and trading platforms and articial intelligence, it often means the ordinary Joes are competing in a game they can’t win.
But I promised a surprise for home cryptotrading enthusiasts, too – and here it is.
Blockchain Terminal is provided as a full hardware suite, as I mentioned…
They’re also releasing a fully-functioned web app.
So it’s not just for those who are already bored of their own Lambo – the rest of us will get to use the Blockchain Terminal crypto trading suite too. You may have to switch screens a little more, but I was told that all the functionality of the hardware setup will be available to (I assume) subscribers.
At the time of writing, there are no details on availability or price – but there is a signup form…
Disclaimer : The author is invested in ETH, which is mentioned in this article. Neither the author nor Crypto Briefing has asked for, or received, any consideration of any kind for this independent assessment.
Request a 2-Screen Blockchain TerminalJon Rice
I'm the Managing Editor at Crypto Briefing. I like to build things. Especially communities. This community - despite all the arguments, the rivalries, the diverse viewpoints - is still part of something that much of the world has not yet discovered. By participating positively in our community we bring strength to our infrastructure, and we encourage the interest and participation of others. My job is to advocate for inclusion, for a diversity of ideas and people, and for truth. Other than this, I like to run, DJ, and hang out with my miniature Highland steer, Moose.
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"New hedge fund entrants to the markets are a sign that opportunity still abounds for astute traders & risk managers. More importantly, new institutional-grade trading tech is being developed for cryptocurrency markets." https://buff.ly/2I3amuK
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"Blockchain Terminal is a company addressing this need (compliance/regulation) with their new terminal which could act as an essential tool for all serious investors." https://buff.ly/2r4AIoN
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BCTerminal will be attending the Crypto Invest Summit & are offering 30% off for our community! Use promo code CGBLOCKCHAIN30 https://buff.ly/2JgaDdI
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“We are trying to bring stability, accountability and transparency to this new and exciting ecosystem and digital currency community.” https://buff.ly/2JskLPY
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Join for its first Meetup in Hong Kong. https://buff.ly/2FgTb5T Free for group members - $1000HKD at the door. Monday, April 30 at 7 pm.
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Don't miss @techcrunch editor @johnbiggs and the Blockchain Terminal talk ICO launches at Knotel in tonight at 7 pm! https://buff.ly/2qRA11W
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You can watch BCT Ex-President Bob Bonomo's talk at the recent Crypto & Blockchain Convention in Australia, here: https://buff.ly/2Hp8fQV
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Attention BCT community members based in Hong Kong! We'd love to see you at this great event. https://buff.ly/2JfULrc
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Meet the BCT team and come take a look at the Terminal ! We are at the ICO Summit, Santa Monica. More info via the link: https://buff.ly/2JTuZtT
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Read another great review of the Terminal on ICObench -- :https://icobench.com/ico/blockchain-terminal …
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"The desktop system combines the resources that analysts, portfolio managers, traders and chief compliance officers need to capitalize on investment opportunities." in :https://cointelegraph.com/news/blockchain-terminal-to-offer-compliance-in-cryptocurrency-for-hedge-funds …
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RT @BCTerminal: “Blockchain Terminal to Offer Compliance in Cryptocurrency For Hedge Funds” -- check out featured in @Cointelegraph!https://cointelegraph.com/news/blockchain-terminal-to-offer-compliance-in-cryptocurrency-for-hedge-funds … pic.twitter.com/m9e0BXzJ6K
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Blockchain Terminal @BCTerminal is Using ComplianceGuard Technology to Disrupt the Hedge Fund Industry
https://www.coinspeaker.com/2018/03/23/leveraging-complianceguard-technology-disrupt-hedge-fund-industry/ … via @Coinspeaker -
"Blockchain Terminal to Offer Compliance in Cryptocurrency For Hedge Funds" -- check out BCT featured in @Cointelegraph!https://cointelegraph.com/news/blockchain-terminal-to-offer-compliance-in-cryptocurrency-for-hedge-funds …
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"A lot of people have to go to different exchanges and look at different prices... now we have it all in on one sleek design" -- watch more reactions https://www.youtube.com/watch?v=SHGgtT8svBs …
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"Hedge-funds deal in data so I think it [the Terminal] would be highly beneficial for them - yes!" -- watch another reaction from @d10e_conference (Puerto Rico): https://www.youtube.com/watch?v=D-D2-ZxlMpA …
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Korean friends: looks forward to seeing you at the @onoffmix event in Seoul on March 31st (limited tickets): https://onoffmix.com/event/130665
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Founder & President @BobBonomoLLC shares just some of the great Blockchain Terminal testimonials we've received so far:https://youtu.be/pcvbXbS02RA
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Can Blockchain Terminal close the Gap of the modern (technological) age? -- check out BCT's latest blog post: https://medium.com/bcterminal/how-blockchain-and-bct-can-close-the-compliance-gap-85ca2f7ff308 …
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The Blockchain Terminal: A Bridge that Connects Hedge Funds to Crypto Assets and Blockchain Technologyhttps://medium.com/bcterminal/the-blockchain-terminal-a-bridge-that-connects-hedge-funds-to-crypto-assets-and-blockchain-f499be5fd10a …
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Watch our recent YouTube AMA with BCT President @BobBonomoLLC to find out about the why Blockchain Terminal is "not just a white paper": https://www.youtube.com/watch?v=xs0HzEMyslY …
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"The goal of the Blockchain Terminal is to facilitate real-world trust relationships between financial asset managers, auditors, and regulators." Read the latest BCT blogpost right here:https://medium.com/bcterminal/the-blockchain-terminal-a-bridge-that-connects-hedge-funds-to-crypto-assets-and-blockchain-f499be5fd10a …
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How does BCT know that the hedge fund community wants our technology? Read our latest Blockchain Terminal blogpost to find out: https://medium.com/bcterminal/three-ways-for-developers-to-connect-apps-to-the-blockchain-terminal-a110d533e0c1 …
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"Blockchain Terminal: a platform for best of breed data, analytics and execution solutions that will give hedge funds and other institutional investors the tools they need to enter the world of cryptocurrencies."https://medium.com/bcterminal/the-blockchain-terminal-a-bridge-that-connects-hedge-funds-to-crypto-assets-and-blockchain-f499be5fd10a …
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'How Blockchain (and BCT) Can Close the Compliance Gap'https://medium.com/bcterminal/how-blockchain-and-bct-can-close-the-compliance-gap-85ca2f7ff308 …
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Would you like to know more about the making of Blockchain Terminal? President and Founder @BobBonomoLLC shares the history behind BCT and shares our impressive Roadmap for 2018 and beyond -- watch here:https://youtu.be/xs0HzEMyslY?t=2m56s …
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"A big part of the reason for the industry’s slowness to embrace cryptocurrencies is that the industry is accustomed to performing analyses on investments with tools that cannot be applied to the crypto asset class."https://medium.com/bcterminal/the-blockchain-terminal-a-bridge-that-connects-hedge-funds-to-crypto-assets-and-blockchain-f499be5fd10a …
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Three Ways for Developers to Connect Apps to the Blockchain Terminalhttps://medium.com/bcterminal/three-ways-for-developers-to-connect-apps-to-the-blockchain-terminal-a110d533e0c1 …
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"The Blockchain Terminal will enable the hedge fund industry’s entrance into cryptocurrency asset class investing." How so? Read the latest BCT blogpost to find out: https://medium.com/bcterminal/the-blockchain-terminal-a-bridge-that-connects-hedge-funds-to-crypto-assets-and-blockchain-f499be5fd10a …
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Where did the idea for Blockchain Terminal come from? Why is BCT important for the future of the hedge-fund industry? Watch yesterday's LIVE webinar with @BobBonomoLLC right here: https://youtu.be/xs0HzEMyslY?t=2m56s …
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"A big part of the reason for the industry’s slowness to embrace cryptocurrencies is that the industry is accustomed to performing analyses on investments with tools that cannot be applied to the crypto asset class."https://medium.com/bcterminal/the-blockchain-terminal-a-bridge-that-connects-hedge-funds-to-crypto-assets-and-blockchain-f499be5fd10a …
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Want to see BCT in person? We will be doing a demo on Monday, March 12th. More info https://www.eventbrite.sg/e/blockchain-terminal-singapore-community-meetup-event-tickets-43962610351 …
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Our Blockchain Terminal subreddit community is building! Come join the conversation: https://www.reddit.com/r/blockchainterminal/ …
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"It's cost-effective and it adds an additional layer of security" -- learn more about the importance of Blockchain Terminal for institutional investorshttps://www.youtube.com/watch?v=pcvbXbS02RA&t=19s …
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Blockchain Terminal Demo #2 with Ex-President Bob Bonomo this Monday, March 12th at 12:00pm EST. Subscribe to our YouTube channel and tune in!https://buff.ly/2G4vXll
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Our very own @bobbonomollc at @d10e_conference discussing "Blockchain a bridge across industries." Learn more about BCT here: http://buff.ly/2FZcQsM
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Catch up with with our friends in the Main Ballroom today at #d10e seoul to talk about the Blockchain Terminal and how it will become a powerful tool for emerging cryptocurrency markets! http://bct.io
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"The Hedge Fund industry has entered a new era when it comes to transparency." See Blockchain Terminal Testimonials and learn more now! https://buff.ly/2FgYoLQ
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I added a video to a @YouTube playlist http://youtu.be/WqnaQ0eJ2GA?a Top 10 Crypto Investing Tools and BlockChain Terminal ICO Review
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#d10e #Seoul is in full swing! Come to the Main Ballroom to see the Blockchain Terminal! Watch our video: https://buff.ly/2oQ9el0
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Come to the Main Ballroom at #d10e #seoul #2018 to see the #Blockchain #Terminal in person! Arriving shortly! https://buff.ly/2D2ajeE Watch our video here: https://buff.ly/2CYgCQe
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Great Q&A session with the @BCTerminal team and a product video. https://www.youtube.com/watch?v=pKt5sA01zKA&feature=youtu.be …
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@ New York, New York https://www.instagram.com/p/Bfy9ERrAmFm/
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Check out Blockchain Terminal's Official Facebook Channel! https://buff.ly/2ozPguE
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Blockchain was at @d10e_conference this weekend in #SiliconValley - the leading and Ex-President Bob Bonomo spoke about the future of trading on the blockchain - check it out here: https://buff.ly/2oBZ4V4
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Go Dianna!
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`The BCT Telegram Community Channel is getting busier by the day! Join it here: https://buff.ly/2CesZM3
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BCT will be at Blockchain & CON 2018
Will you be there?
More info: https://buff.ly/2EINKgH -
BCT BlockchainTerminal -- Tools for the Impending Crypto Stampede -- Read the One-Pager: https://buff.ly/2Fl0n2u
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Blockchain will be speaking at the Blockchain & Cryptocurrency CON 2018 that's happening from
January 22nd to 24th in Dallas! Find out more about the conference right here: https://buff.ly/2Fgllzl -
"Wall Street Journal @WSJ: ""CG Blockchain are revolutionizing the blockchain trading and data markets..." Read it here first: https://goo.gl/79U92v
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BCT will be speaking at the Blockchain & Cryptocurrency CON 2018 that's happening from January 22nd to 24th in Dallas! Find out more about the #conference right here: https://buff.ly/2FiKlX2
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"Watch this Blockchain BCT Intro Video to find out what all the fuss is about #thepremiumterminalforcrypto" https://buff.ly/2Fhn07V
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BCT will be speaking at the Blockchain & Cryptocurrency CON 2018 that's happening from
January 22nd to 24th in Dallas! Find out more about the conference right here: https://buff.ly/2EHo4AI
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