SheeldMarket is a Paris-based startup that offers a cryptocurrency trading platform that aims to keep the positions of market participants hidden. Founded in 2019, SheeldMarket has quickly made a name for itself in the world of cryptocurrency trading by providing a unique solution to the problem of alpha leakage. In this Startup Showcase, we’ll take a closer look at SheeldMarket and how their platform is changing the game for cryptocurrency traders.
The Problem of Alpha Leakage in Cryptocurrency Trading
One of the biggest challenges that cryptocurrency traders face is the problem of alpha leakage. Alpha leakage occurs when other traders or market makers gain information about a trade and use it to their advantage. This can happen when a large trade is executed on a public exchange, and other traders are able to see the details of the transaction. The result is that the price of the asset can move against the trader, causing them to lose money.
SheeldMarket’s Solution to Alpha Leakage
To solve the problem of alpha leakage, SheeldMarket has developed a trading platform that uses an encryption scheme to keep the positions of market participants hidden. This means that when a trade is executed on the SheeldMarket platform, other traders are unable to see the details of the transaction. This makes it much more difficult for other traders to use the information to their advantage, reducing the risk of alpha leakage. In addition to the encryption scheme, SheeldMarket’s platform also includes chip encryption and predatory behavior prevention algorithms. This further enhances the security of the platform and protects user interests.
Trading Large Blocks of Assets
Another benefit of SheeldMarket’s platform is that it enables market participants to trade large blocks of assets without the risk of alpha leakage. This is particularly important for institutional investors and high net worth individuals who need to execute large trades without attracting unwanted attention. The platform also offers low-latency exchange of assets, which allows trades to be executed quickly and efficiently. This is important in the fast-paced world of cryptocurrency trading, where time is often of the essence.
Overall, SheeldMarket is a promising startup that is changing the game for cryptocurrency traders. By offering a platform that keeps the positions of market participants hidden, SheeldMarket is helping to reduce the risk of alpha leakage and protect user interests. With its encryption scheme, chip encryption, and predatory behavior prevention algorithms, the platform offers a high level of security and is well-suited to institutional investors and high net worth individuals.