General Announcement from LocalTrade Team

Arthur McCormick
LocalTrade
Published in
2 min readJun 24, 2021

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Why were we silent for so long? Whats waiting ahead?

Many of you have been wondering: “Why is LocalTrade silent for so long? And what’s waiting for us ahead?”. So, we’re here to address your questions and provide clarity on what’s currently happening with the platform.

First of all, we want to announce that LocalTrade has changed its leadership and completely reorganized the team. More than that, we have made significant improvements to technical aspects of the exchange.

What does this mean? It means that the exchange will become more efficient and convenient to use, but most importantly — even more secure than before:

  • developed a resilient and scalable proprietary infrastructure utilizing cutting-edge technologies;
  • in order to ensure your safety, firewall and DDoS protection service were implemented;
  • optimized the trading engine, improving performance up to 700 000 orders per second;
  • created a friendly multi-language support service, available instantly from all popular messaging apps;
  • implemented 24/7 Live Chat widget for urgent inquiries;
  • revamped and purified platform’s UI to make it more intuitive;
  • rolled out numerous features that enhance your trading experience.

We are glad to announce that we’ve decided to collaborate with HackenProof for an official audit of our entire project repository. Hackenproof is a renowned blockchain security firm that has commenced audits for large financial institutions and exchanges, such as Kuna.io, Gate.io, OneLedger, Vechain, Avalanche General, Latoken, CoinMetro etc.

What’s next?

We approach the crypto sphere with a revised vision on digital products: a truly modern product must be easy-to-use, intuitive, responsive and flexible. And this vision allows us to enter the market with a completely new product that provides you with the ability to exchange crypto assets on the fly and to manage personal finances, all-in-one.

Our new ecosystem includes LocalTrade University, a constantly updated knowledge base containing educational materials on the cryptocurrency market. We intend to utilize it in order to aid individuals from emerging markets to become acknowledged with crypto and its underlying technologies. We believe that the rise of the new “crypto-economy” in the next few years will be the main driver of progress within such regions and we want to help.

We’re not starting anew, but continuing from a solid foundation: LocalTrade is currently ranked #174 on the CoinMarketCap and our main intention for the next 6 months is to take the spot among Top 30 cryptocurrency exchanges.

The FinTech industry is flourishing and we’re committed to further drive the adoption of these technologies. The world of finance is changing. Are you ready for the new era? With LocalTrade, trading and personal finance become pure & simple.

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