Multi-Currency Futures Exchange BTSE Integrates Blockstream’s Liquid Bitcoin and USDt
Summary
“We’re very excited that Liquid Bitcoin and USDt are available on BTSE,” Blockstream CSO Samson Mow commented on the launch. “With BTSE’s integration, we now have a corridor between Bitfinex and another large cryptocurrency exchange with billions in monthly trading volume – this is very good for traders looking for arbitrage opportunities.” With L-BTC, users circumvent the need to deal with unpredictable confirmation times of the Bitcoin blockchain. As the protocol relies on a federation of signers to submit valid blocks, each can be generated at 1-minute intervals (Bitcoin, by contrast, only appends a new block approximately every 10 minutes), allowing for faster settlement between exchanges, wallets, and businesses. As for USDt, which has been running on the Omni Layer since 2014, its migration to the Liquid Network offers a number of performance improvements – like L-BTC, settlement takes place in a fraction of the time, there is native support for privacy-enhancing Confidential Transactions, and the Liquid Swap Tool enables users to trustlessly exchange assets on the network. With a transaction finality time of approximately two minutes, the Liquid Network enables BTSE users to rapidly move funds to and from the platform in order to rapidly seize trading opportunities.