Sparrow is a great solution for traders, funds, exchanges, and individuals to boost their returns in any market condition on their digital assets or protect them from market volatility. Both companies and individuals are actively using the platform to control risk with a simple tool to use which was built with a novice in mind. Sparrow is backed by renowned organizations such as: Signum Capital, Hyperchain Capital, Kyber Network, LuneX Ventures, Arrington XRP Capital, Digital Currency Holdings, Du Capital, The Yozma Group, QCP Capital, 256 Ventures and Jubilee Capital who firmly believe in the project and have committed to use Sparrow as their preferred hedging partner.
To boost your return and control your risk, Sparrow Options is simplest and are covered. It provides the need for both retail and Institutional traders with its customizable and highly-liquid options trading platform. Sparrow makes use of NIDUS Chain for speed, transparency and reliability of settlement of digital assets on Ethereum smart contracts. Every asset are secured to the highest security standards that are independently audited with Industry-leading security and compliance
Nidus — The Ethereum Chain for Sparrow Options
Considering the risk involves and technology know-how to control same with the need of users in mind i.e, matching orders quickly when Ethereum mainnet is highly busy, Nidus Chain was employed to manage settlement transparently and reliable. The Nidus Chain will be employed exclusively for the deployment of Sparrow Options to maximize performance specific to the needs of our users which are speed, transparency and reliability. This ensures and guarantees that the EVM of Nidus is exactly the same as that of Ethereum mainnet. The Sparrow Nidus node is available as an open-source client on GitHub.
The leading options trading platform powered by smart contracts smartly chosen Nidus which have a very short block time for processing of the settlement. This guaranteed an efficiency in speed of transactions even when other blockchains such as the Ethereum mainnet or Bitcoin network are experiencing high traffic, which gives Sparrow customers a hedge against rapid price movements.
Another advantage of Sparrow Options over others is that through the Nidus Chain, all deposits into Sparrow are published as SRC20 tokens, providing maximum transparency on the digital assets in their custody. Nidia was deployed on the Ethereum chain on Parity node with little modifications, this ensures that the EVM of Nidus is exactly the same as that of Ethereum mainnet. This way, nodes are able to freely connect to Nidus to verify its authority and authenticity, providing transparency to their settlement layer.
Sparrow Advantages
Unsure the direction of the Crypto market, TradeBoost by Sparrow Exchange is here to assist and protect your digital assets. Register with Sparrow and let make risk work to your advantage. OTC (over-the-counter) options are being traded bilaterally where settlement is done face to face and margins with each other with the absent of clearinghouse and margin facilities. This is a clear definition of traditionalism of the market and unsurprisingly it is. Sparrow has developed an automated trading platform that is secured, most efficient, simple way to protect and boost your positions which enables everyone to trade confidently in this volatile crypto market.
Do away with complexity and inefficiency. Sparrow offers the simplest way to control risk and monetize your digital assets.
- Anyone can trade: Create an option in 3 simple steps with Sparrow simplified option products — TradePROTECT & TradeBOOST
- Liquid AND Customizable: Trade BTC & ETH European options that are more liquid than OTC options and more customizable than standardized contracts
- Buy digital assets at amazing prices: The ConvertNOW Facility (CNF) offers competitive prices with no hidden fees. They mean it. Zero fees and no markups.
- Sparrow options are more liquid that OTC (over-the-counter) options, and more customizable than standardised contracts.
- Sparrow’s trading platform is full-featured and liquid, allowing users to trade customised European options without counterparty risk (thanks to smart contracts).
- Sparrow Options are settled on Ethereum smart contracts and deployed onto a Proof of Authority chain called Nidus.
Sparrow hits USD 10 Million in trading volume
Selling options for an instant premium has been a proven favourite for users. The leading giant in Crypto Options Trading hit USD 10 million in trading volume since going live in just one and a half month period. This is encouraging to see such great demand and interest in Sparrow simplified options product.
Some of the events that Sparrow has featured to present the leading Crypto Options Trading Platform to the global community.
CEO Kenneth introducing Sparrow to an enthusiastic crowd and sharing more on how they aim to bring forward and simplify Crypto Options trading, making it accessible to all at World eSports & Blockchain Summit MARVELS Singapore
CSO Reuben at Blockchain Week NYC
Sparrow is backed by LuneX Ventures a crypto and blockchain dedicated VC fund set up in partnership with Golden Gate Ventures.
CEO Kenneth had the opportunity to share more on the next-gen options trading solution which empowers everyone to manage risk and trade with confidence. Thanks to Jubilee Capital Management
Sparrow went to Blockchain Thailand Genesis, Beyond Blocks Thailand, and DeFi Singapore.
Sparrow was so fortunate to be invited to The Crypto Connection Party, an invite-only event hosted by Aelf, Arrington XRP Capital, and Signum Capital. An exciting collaboration is expected to be announced soon!
Protect yourself against unexpected market conditions. TradePROTECT gives you the power to take control of your digital assets. Trade with confidence now
Companies, institutions as well as individuals, are actively using the platform. I strongly recommend anyone with a digital asset to check out this great trading platform. You can follow other amazing announcement and future updates using any of the following channels as described below
