The cryptocurrency market, which is growing inexorably in terms of capitalization, is attractive for
financial institutions given the increased potential for profit and opportunities to hedge trading
risks, but the strong volatility and lack of transparent counterparties make it inaccessible to
banks and insurance companies. Finding a reliable and transparent counterparty, a provider of
financial services for cryptocurrency trading, is a non-trivial task for an emerging market.
It is worth noting that crypto exchanges that offer direct customer service in terms of trading
cryptocurrency assets are often subject to hacks and attacks by intruders. In this regard, the most
significant examples are cases of hacking and theft of funds on the Mt.Gox, Binance, Bitfinex,
Bithumb and Bitstamp exchanges. Unfortunately, due to the weak legal regulation of the market and
the lack of investor protection mechanisms, users' funds are not insured, and the lack of insurance
and guarantees does not allow financial companies to use crypto exchanges for asset management. The
funds of Single Broker clients are insured and legally protected, the funds do not leave the cold
custodial storage when trading on platforms. Single Broker assumes counterparty risk, protecting the
client's capital.
Another significant problem is the segmented market liquidity across a variety of trading platforms:
exchanges, OTC platforms, decentralized exchanges, exchangers, and P2P platforms. Large players in
the market can not make a deal with a large number of funds without affecting the current price of
the trading asset due to the limited liquidity of the financial instrument, which will certainly
lead to price slippage. The solution in this situation can be the orchestration of many trading
platforms, but this multiplies the operating costs and counterparty risks.