EXUP Creates Brand New Blockchain Financial Derivative Platforms ChainUP Follow Feb 20 · 5 min read

Why Choose EXUP?

ChainUP, a world-leading blockchain financial technology service provider, recently announced the launch of EXUP, a brand focused on the blockchain financial derivative market. The announcement was made on February 11 and signifies the continued growth of ChainUP’s ecosystem of blockchain-based products. So, why is a project that is best known for their white-label exchange product releasing EXUP, and what exactly is its purpose?

What Is EXUP?

EXUP is a subsidiary brand of ChainUP that will enable clients to create brand new blockchain financial derivative platforms. More specifically, the platform is able to provide perpetual contracts, delivery contracts, ETFs, options, and technical solutions such as liquidity management of derivatives, as well as corresponding SaaS product services.

It represents an expansion into a new area of the market that has been developing and gaining traction amongst traders over the last year or so. Blockchain technology has long been seen as a potential disrupter of the traditional derivatives market, owing to its strengths that coincides with the needs of the market. EXUP was developed as a solution to make that transition much easier overall.

At the center of the project is the MDB (memory database) data processing scheme that has been built by ChainUP to be industrial-grade for high-level operation. This is the engine that enables the high-TPS, low latency trading experience on EXUP developments. These technologies are what power EXUP and make it a top choice for blockchain financial derivatives services.

Why Is It Worth Considering?

There is a reason that ChainUP is releasing the EXUP product to such acclaim. It offers some very clear benefits for those looking at entering the blockchain financial derivatives market. Beyond the intuitive ChainUP development experience, numerous other strengths can also be realized.

Successful

ChainUP has a track record of providing high-quality products and services to clients. Its white label exchange software development service is already being used by over 300 clients worldwide, which is a testament to its success. In fact, the team already provides its financial derivatives technology services to more than 60 enterprises across over 10 countries and regions worldwide. That is why many people have kept an eye on the project and have remained vigilant of its latest release in EXUP.

Experienced

The EXUP service has also been developed by the same team of experienced blockchain and fintech professionals behind the numerous other successful products currently offered. The team has proven its ability to develop secure and reliable software services, something many potential clients would look for in a financial derivatives platform on the blockchain. This is why there is so much interest in what the team is capable of producing with EXUP.

Fully-Featured

EXUP goes beyond the basics by including all the necessary tools for a successful cryptocurrency contract platform. The product supports a number of key order types that will satisfy even the more experienced traders. The likes of GTC, IOC, and FOK order types will be readily available on the platform, helping attract new users to the platform. This is also helped by the addition of the powerful matching engine, which will help ensure that trades are completed in a timely manner, no matter the scale.

User-Friendly

The customer is king, which is why user experience was kept at mind when designing the EXUP service. The idea is that positive experiences will keep users coming back and using the platform. When it comes to blockchain and financial products, the user experience is usually an afterthought, which is why ChainUP was looking to move into the market and change it for the better. Speed and ease of use are the two areas where EXUP excels, with the added benefits of reliability and security adding to the positive experiences.

Efficient

Then there are the benefits of the SaaS business model. SaaS (Software as a Service) greatly reduces the need for an extensive team of technical specialists in-house. It is both time and cost-effective, especially at scale. In the blockchain world, such a model can significantly reduce time to market and the traditional costs associated with developers within the relatively new market. Overall, EXUP frees up resources to focus more on building a successful business

Easily Integratable

EXUP will join the ranks of ChainUPs other subsidiary brands like HiCoin, which focuses on wallet technology solutions within the ChainUP ecosystem, and BitWind, a liquidity provider for cryptocurrency exchanges. For this reason, the platform has been developed to easily integrate with the other products in the ecosystem, once again adding to its status as a one-stop solution for the exchange market.

ETF Solution

An ETF system solution is also available through EXUP, which allows the platform to meet the diverse trading and investment needs of the users. Leveraged ETFs are a popular staple in the traditional financial markets, so its inclusion in the blockchain platform will help broaden its appeal and bring in new users. It is also possible to customize ETFs on EXUP in functions such as leverage allocation, weight allocation, purchase and redemption, and multi-dimensional reporting.

What Is Next For ChainUP?

Ultimately, EXUP provides further depth to ChainUp’s growing ecosystem of products, solidifying its position as a one-stop shop for all things blockchain. The launch coincides with a maturing cryptocurrency and blockchain market which is continuing to see growth and expansion into the more traditional areas of finance. The introduction of a blockchain-based financial derivative platform is a move that will enable ChainUP to capture this new market and take advantage of the new interest being brought in.

ChainUP has seen great success with its previous products and so will continue developing new and innovative solutions with the blockchain space that will add to its repertoire. For a market still in its infancy, it can be expected that many more products will appear as the market changes its course and finds new applications within the realm of finance and blockchain.

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