Crypto gets traditional financial treatment with Smart Engine, a first-of-its-kind meta-exchange from SwissBorg. Smart Engine unifies the FX, CEX and DEX trading experience and has recently integrated with Solana, bringing direct fiat-on-ramps to Solana-based projects.
The cryptocurrency market is fragmented with thousands of coins listed on a number of centralized (CEXs) and decentralized (DEXs) exchanges. This complexity is a barrier to entry for both individuals and institutions from traditional finance.
Crypto trading is complex, difficult to use and requires a deeper understanding of the underlying technology to succeed. Users also need to create new accounts on multiple trading platforms and complete strict Know Your Customer (KYC) processes for each CEX just to access a wide range of assets and trading pairs.
Even then, getting the lowest slippage becomes an arduous task, requiring constant price control across exchanges in a constantly moving market – especially for large transactions. Users are looking for a unified experience to navigate through the crypto market without getting lost while placing orders across CEXs and DEXs.
SwissBorg, a licensed and regulated crypto-friendly asset management platform, developed the SwissBorg Smart Engine to unify the trading experience for TradFi and crypto users. SwissBorg Smart Engine is a meta-exchange that connects to various exchanges to give users access to all available liquidity and trading pairs.
Smart Engine is a technology from Swissborg that offers a single user interface and allows users to convert fiat currency to any cryptocurrency with a single tap at the best price and with the best liquidity. It does this by instantly checking order books across major foreign (FX), centralized and decentralized exchanges to provide users with the best execution. Thanks to the Smart Engine, users can take advantage of synthetic pairs not found anywhere else on the market, such as Euro to Helium and Polish Zloty to Moonbeam. The benefits of Smart Engine are lower prices, security and convenience – you don’t need to register with multiple cryptocurrency exchanges.
Solana projects get fiat on the ramp
To add more assets and trading routes to its users’ options, SwissBorg has recently integrated the Solana blockchain, one of the largest aggregated value-locked networks, into its Smart Engine order management system. The integration enables SwissBorg users to leverage the liquidity and trading pairs of major Solana DEXs, including Orca and Phoenix. It also paves the way for easy listing of Solana-based projects as SwissBorg offers the fiat gateway for any project on its platform.
Thanks to this integration, the Solana network now becomes part of what SwissBorg describes as unified finance (UniFi) – a financial infrastructure that brings together traditional finance with decentralized asset markets.
SwissBorg offers streamlined trading between fiat and crypto peers thanks to its integration with a wide range of CEXs, DEXs and FX platforms. Source: SwissBorg
SwissBorg’s innovative meta-exchange (MEX) allows users to seamlessly move from traditional fiat to on-chain crypto market with zero spreads and a transparent fee structure. It also scans multiple exchanges in real-time to ensure users get the best price for their trades.
Users can access 2,883 crypto-to-crypto and crypto-to-fiat trading pairs and manage their investments and trades across various platforms from the user-friendly SwissBorg interface. The mobile app allows you to trade any fiat or crypto pair, even if it is not available on any exchange. With its powerful fiat-on-ramp capabilities, the Smart Engine does all the talking in the background and finds the best route and price for a given pair.
Economic freedom through innovation
Ivan Garcia, head of growth at SwissBorg, contextualizes the problem that many crypto projects are currently facing:
“We need to end CeFi and DeFi political wars and find ways to merge the off-chain and on-chain worlds for all communities around the world. DeFi must become the backbone and back end of the financial industry. Many have nothing else choice than complying with the whims of large exchanges that ask for large sums of money and use opaque listing methods. At SwissBorg, we pride ourselves on giving every project and community a fair platform to grow their community and thrive.”
Launched in 2018, SwissBorg is licensed and regulated in Switzerland, France and Estonia, where the company employs over 200 people. SwissBorg boasts over 700,000 verified users trading over $800 million in crypto. By bringing together TradFi and DeFi under one roof, SwissBorg aims to deliver real utility to communities around the world, and the Solana integration is the latest chapter in that vision.
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