Denmark based exchange CCEDK will be the world’s first exchange to make its order books and solvency transparent following a partnership with Cryptonomex.
The integration would mean that users will be able to check the solvency of the exchange in real time, as the company’s accounts and ledgers are to be placed on the decentralized BitShares 2.0 network after its expected launch later this summer.
The move comes just a few days after BitShares announced it was to launch its “2.0” version, based upon the “Graphene toolkit” developed by Cryptonomex. With the launch of version 2.0, BitShares is intended to become more driven by its stakeholders with the core development team at Cryptonomex following the direction chosen in stakeholder voting rounds.
Describing the news of the partnership, CCEDK CEO Ronny Boesing explained why he sees the addition of element of transparency as the final addition needed to create a full-service offering for its customers.
“We are now able to offer our customers a single, seamless, integrated solution combining Internet money, peer-to-peer payment, and instant international money transfers. Someone on the far side of the planet can wire digital currencies to your debit card in the