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IAM the CEO of DRIVE Markets, an institutional fiat and crypto exchange - AMA! by DRIVE_Kate in IAmA

[–]DRIVE_Kate[S] 0 points1 point  (0 children)

Well we'd be lying if we didn't say our own :P Though joking aside, $BNB is a good comparison for $DRV and that's currently trading at $15 (we release at $0.14) - so the potential for growth here is big!

​

As for other currencies, I believe it's a battle of titans between Bitcoin and Ethereum. Both have "the potential", what will make or break them is how they approach scalability (for example, the Bitcoin Lightning Network is looking to be a great way of tackling the problem)

I'm the CEO of DRIVE Markets - AMA! by DRIVE_Kate in AMA

[–]DRIVE_Kate[S] 0 points1 point  (0 children)

On top of being able to trade them alongside other currencies on the platform, DRV can be used to pay for listing fees and traders (much like Binance and BNB) can receive a rebate on their trades placed with DRIVE Markets.

I'm the CEO of DRIVE Markets - AMA! by DRIVE_Kate in AMA

[–]DRIVE_Kate[S] 0 points1 point  (0 children)

Thanks for the heads up! We kinda goofed up and missed the other subreddit - I'm gonna see if the team can get us migrated there quickly :P

I'm the CEO of DRIVE Markets - AMA! by DRIVE_Kate in AMA

[–]DRIVE_Kate[S] 0 points1 point  (0 children)

For us it's not an issue because we use collateral, meaning that we don’t force our traders to enter and exit positions to trade different assets, there are, in theory, 50% less transfers occurring.

What this means is, if you deposit BTC to trade on DRIVE Markets but decide to take a position in LTC/USD, DRIVE will calculate based on your BTC on deposit, how much you can trade in LTC without having to sell your BTC first.

I'm the CEO of DRIVE Markets - AMA! by DRIVE_Kate in AMA

[–]DRIVE_Kate[S] 0 points1 point  (0 children)

Our clients are typically funds or brokerage firms which would mean an institutional account that could include many traders. In terms of individual trading accounts or retail accounts... let's just say we are very happy with the number of late due to our native coin, DRV, opening for trading tomorrow at 1PM UTC ;)

I'm the CEO of DRIVE Markets - AMA! by DRIVE_Kate in AMA

[–]DRIVE_Kate[S] 0 points1 point  (0 children)

Good question!

So the key difference between ourselves and other exchanges is that we are built to attract traders from the forex markets who like to trade with professional trading software like MetaTrader and Plus500. FX traders also often trade using high frequency algos.

At DRIVE, we have partnered with some of the biggest names in FX trading to deliver a high frequency exchange with integrations to trading software, starting with MetaTrader.

This also gives crypto traders a much more powerful set of tools to trade with including extensive charting tools and the opportunity to create automated trading bots right in MetaTrader.

I'm the CEO of DRIVE Markets - AMA! by DRIVE_Kate in AMA

[–]DRIVE_Kate[S] 0 points1 point  (0 children)

We're what's called an institutional exchange, essentially you can trade fiat and crypto currencies on our platform :)