Crypto's New Secret Trading Hub: GoDark Steps In

Big players in the crypto world are getting a new tool to trade secretly. GoDark, a platform designed for large-scale crypto trades, has just launched. It's backed by major names like Copper and GSR, and it's already attracting big users. So, why is this a big deal? Well, in traditional markets, dark pools are used to trade large amounts of stocks without causing a fuss. This is because big trades can move prices, and that's not always a good thing. GoDark aims to bring this concept to crypto. Right now, crypto trading lacks the sophisticated infrastructure seen in traditional markets. Denis Dariotis, the CEO of GoQuant (the company behind GoDark), points out that while there are decentralized exchanges (DEXs), centralized exchanges (CEXs), and OTC desks, there's no real dark pool for crypto. GoDark is stepping in to fill that gap. The platform offers a mix of benefits. Centralized exchanges provide lots of liquidity but can be too transparent, potentially moving the market. OTC desks offer privacy but limit liquidity, leading to higher fees. Dark pools strike a balance, offering liquidity with privacy. GoDark's launch includes spot cryptocurrency trading, with plans to expand into perpetual futures, conventional futures, options, and more. It also promises ultra-low-latency matching and non-custodial settlement. Plus, it offers execution protections like minimum fill sizes and the option to match the best available prices on public venues. GoQuant started as a market data provider for crypto funds, evolving into a full trading system. Alongside GoDark, they've also introduced GoCredit, a borrow/lend platform for banks and traditional hedge funds.