After months of hard work from our developers and support from our community, Amplify Brokerage is approaching its official launch. As of August 2019, a small test group is already using a private beta version of the Amplify Brokerage. This group is testing the platform and providing us with feedback so that we can get this groundbreaking project ready for the main stage.
What Coins and Tokens Will Be Available on Amplify’s Brokerage?
So what coins and tokens can Amplify users expect when they open up their Amplify Brokerage dashboard for the first time? As of now, these are the coins and tokens that will be accessible. But keep in mind, coins and tokens may be added or removed from these lists in the future.
You might be wondering why these are the coins and tokens that will be available right out of the gate? Well, we want to provide many of the most popular and actively traded coins and tokens on the market as soon as possible.
A majority of our tokens are supported by BitGo and will be held in BitGo’s custody from the moment Amplify launches. BitGo supported coins and tokens are insured up to $100 million by insurance giant Lloyd’s of London.
The rest of our tokens (AMPX, EOS, Tezos, Cardano, Tron, and Ethereum Classic) will not have insurance at launch time. However, we have plans for these tokens to be kept in cold storage and backed by an insurance policy in the near future. We expect to have more information regarding their cold-storage and insurance by the end of 2019.
How the Amplify Brokerage Executes Your Buy and Sell Orders
When you access a trading pair on the Amplify Brokerage, your order gets executed a little differently than it would on a traditional crypto exchange. While exchanges offer you the best prices for your trading pair within the exchange, Amplify connects to several of the most prominent exchanges and brokerages in the cryptocurrency space. If one exchange offers better prices than another, then we’ll funnel your order through that exchange rather than limiting you to a single pool of traders.
Amplify helps traders save money by offering them the best prices available under an umbrella of cryptocurrency liquidity providers. But Amplify also helps traders save money through AMPX, a utility token designed for use on the Amplify Brokerage and upcoming Amplify Exchange. Traders who pay their platform fees in AMPX will receive a 50% discount on their trading fees.
Look out for Our Official Launch
We’re excited about the launch of the Amplify Brokerage — and you should be too! Why? Well, there are several reasons. The Amplify Brokerage will be the first cryptocurrency brokerage to offer an NBBO mechanism that guarantees that trades are executed at the best prices available under an umbrella of exchanges and brokerages. And of course, our AMPX tokens offer a 50% discount on our already low trading fees providing you with significant savings that would otherwise reduce your profits. If you’re looking for a fast, secure, and easy to use platform, then you are going to want to use Amplify.
As you can see, there is a lot to look forward to. At Amplify, we are looking to be leaders in the blockchain and cryptocurrency space and set precedents for other industry participants to follow. So remember to keep an eye out for the official launch of Amplify Brokerage so you can start trading at the best prices available.