ThinkCoin, a subsidiary of ThinkMarkets, has entered into a partnership with GMEX Group.
GMEX is the latest company to join the ThinkCoin project after the recent addition of cloud storage provider, 0chain.
GMEX Fusion’s capabilities will be combined with the TradeConnect multi-asset trading network using ThinkCoin, the digital trading token unit of exchange.
This will deliver options for both decentralised and centralised trading solutions, including central limit order book and request for quotes matching models, liquidity management and the ability to connect to third party crypto exchanges.
TradeConnect will replace commissions with a levy on all trades that will be rebated to network participants in proportion to their participation. Traders will be connected with each other by an artificial intelligence-powered scoring and matching model.
The GMEX order execution application programming interface will be combined with TradeConnect’s matching model.
Nauman Anees, CEO and co-founder of ThinkCoin, said: “All of us at ThinkCoin are enormously excited to begin our collaboration with GMEX. The company’s culture of innovation and solution-oriented thinking is hugely impressive, and we look forward to together exploring the full potential of on and off-chain solutions to realise the promise of blockchain technology.”
Hirander Misra, chairman and CEO of GMEX Group, commented: “The ThinkCoin digital token and its associated TradeConnect network integrated with GMEX Fusion will provide traders with the most diverse blockchain-based multi-asset trading and exchange ecosystem on the market today.”
He added: “This brings with it a substantial client footprint from the outset to ensure liquidity, which combined with the experience of the team has all the ingredients to make it a market leading proposition.”
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