Crypto Trading Platform Enclave Launches Fully Encrypted Spot Exchange

Crypto trading platform Enclave Markets has started a fully encrypted spot exchange, Enclave Spot, because of continued interest from institutional investors, the company said on recently.

"Spot trading is a popular form of trading across the entire financial ecosystem, thus the launch of Enclave Spot was the next clear step in the evolution of Enclave Markets," Enclave CEO David Wells said.

Like a traditional exchange, Enclave Spot is intended to allow traders to buy and sell cryptocurrencies nearly instantly, but it differs in that it is hosted entirely within a secure enclave, a codebase that executes functions such as custody and trade execution. This ensures that no customer data can be leaked.

"The secure enclave environment is an important improvement from the existing exchange infrastructure," said Wells.

The new platform is secured by independent attestors, including Blockdaemon, Ava Labs, Republic Crypto and Enclave, that oversee custody, review code updates and ensure that no entity has unilateral control.

Enclave Spot will be fully interoperable with Enclave Cross, the company’s previously launched trading platform that allows users to trade blocks of digital assets off-chain, similar to dark pool trading.

(Source: CoinDesk)