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Offline Rune

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[ANN] Cryptohedge brings bitUSD to Metaexchange!
« on: February 28, 2015, 10:11:07 PM »

Hello everyone,

Metaexchange and Cryptohedge have been working together for the past week to integrate Cryptohedge as a bitUSD liquidity provider, and we are now ready to unveil the Metaexchange bitUSD bridge. This bridge is jointly operated by Metaexhange and Cryptohedge, with Metaexchange providing the platform and service, and Cryptohedge providing liquidity from our CFSBTC and CFSUSDA funds.

The goal of this service is to make it as easy as possible to instantly get into the bitshares decentralized exchange and start trading. The plan is also to use the API to integrate it directly with the upcoming wallet by Elmato in order to enable sending and receiving bitcoins that are automatically converted to bitUSD seamlessly, with high liquidity and low spread, so the average cryptocurrency user can now have easy access to hedged bitcoin account.

Considering the recent release of the web wallet wallet.bitshares.org, the decentralized exchange experience will soon be as smooth as any centralized exchange. If you want to check out the service, please go to https://metaexchange.info/ and try it out (also check out the new BTC/BTS instant conversion). Please note that it is still in beta and has low limits and a high spread. It will gradually be improved over time as we optimize it for the best possible user experience.
« Last Edit: February 28, 2015, 11:10:42 PM by Rune »

Offline monsterer

Re: Cryptohedge brings bitUSD to Metaexchange!
« Reply #1 on: February 28, 2015, 10:19:24 PM »
Frank (shentist) and I are really excited to be working with Rune and Riverhead on this project - they bring their skills as hedging/trading bot experts to bear as the first external liquidity provider on metaexchange!

There has been a lot of buzz recently in the community about a bitshares exchange; we decided to work together to make it happen. We hope you'll come try us out!
My opinions do not represent those of metaexchange unless explicitly stated.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline matt608

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Re: Cryptohedge brings bitUSD to Metaexchange!
« Reply #2 on: February 28, 2015, 10:22:10 PM »
Great!

Offline nomoreheroes7

Re: Cryptohedge brings bitUSD to Metaexchange!
« Reply #3 on: February 28, 2015, 10:25:10 PM »
Yes...yes...it's all going according to plan....heh heh heh...

Good stuff all!

Offline matt608

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Re: Cryptohedge brings bitUSD to Metaexchange!
« Reply #4 on: February 28, 2015, 10:27:08 PM »
Might I suggest the underscores on the trading pairs are replace by "/", that's how all the other exchanges do it.

Offline monsterer

Re: Cryptohedge brings bitUSD to Metaexchange!
« Reply #5 on: February 28, 2015, 10:34:49 PM »
Might I suggest the underscores on the trading pairs are replace by "/", that's how all the other exchanges do it.

Thanks for the suggestion - I'll consider it :)
My opinions do not represent those of metaexchange unless explicitly stated.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline BunkerChain Labs

Re: Cryptohedge brings bitUSD to Metaexchange!
« Reply #6 on: February 28, 2015, 10:48:09 PM »
Great news.. really happy to hear this!
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Offline Pheonike

Re: [ANN] Cryptohedge brings bitUSD to Metaexchange!
« Reply #7 on: March 01, 2015, 02:40:21 AM »

Not sure what needs to be done, but I sent a small amount to one address BTC/BTS and it worked. I then sent some more to a different a account. It never arrived. I then looked at the first account i sent to and there it was. Luckily both accounts were mine. It seems it did not acknowledge that i put a different account name so it must have cached the first name.

Offline joele

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Re: Cryptohedge brings bitUSD to Metaexchange!
« Reply #8 on: March 01, 2015, 03:47:59 AM »
Might I suggest the underscores on the trading pairs are replace by "/", that's how all the other exchanges do it.

Thanks for the suggestion - I'll consider it :)
+5%
Yeah, because I thought it's a new UIA, bitBTC_BTC
Also, why not just all start with BTC so it not confusing.
BTC/bitBTC
BTC/bitUSD
BTC/BTS
« Last Edit: March 01, 2015, 03:51:04 AM by joele »

Offline xeroc

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Re: [ANN] Cryptohedge brings bitUSD to Metaexchange!
« Reply #9 on: March 01, 2015, 08:25:13 AM »
+5%
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline monsterer

Re: Cryptohedge brings bitUSD to Metaexchange!
« Reply #10 on: March 01, 2015, 10:13:13 AM »
Might I suggest the underscores on the trading pairs are replace by "/", that's how all the other exchanges do it.

Thanks for the suggestion - I'll consider it :)
+5%
Yeah, because I thought it's a new UIA, bitBTC_BTC
Also, why not just all start with BTC so it not confusing.
BTC/bitBTC
BTC/bitUSD
BTC/BTS

Traditionally, in forex and other markets, symbol pairs are named like this:

BASE / QUOTE

So for us QUOTE is always BTC because that's the currency we accept for buying... Except in the special case of bitUSD because traders are more familiar with seeing prices listed in USD - so this is a flipped market.
My opinions do not represent those of metaexchange unless explicitly stated.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline mdj

Re: [ANN] Cryptohedge brings bitUSD to Metaexchange!
« Reply #11 on: March 01, 2015, 11:06:52 AM »
This is awesome, I like the easy to see spreads too!
Do you know when Bitgold will be included?
I know cryptohedge were working on providing liquidity for that but did take a hit with Bter getting hacked.

Offline jav

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Re: [ANN] Cryptohedge brings bitUSD to Metaexchange!
« Reply #12 on: March 01, 2015, 12:21:51 PM »
Cool to see this progress!

One question: Would it be possible to also allow plain public keys as receiving addresses on the Bitshare side and not only Bitshare account names?

I know the faucet exists to register accounts for free, but I personally would rather pay half a cent than authenticate with a social network account, even if the faucet "promises" to not record any link.

I also think it would streamline a possible HedgeWallet (aka Bitcoin in, Bitcoin out, funds in BitUSD): The app can start up and generate itself a Bitshares public key, then get a Bitcoin deposit address from Metaexchange and display that immediately. Incoming Bitcoin funds are exchanged for bitUSD and from the first incoming funds 0.5 BTS are bought to register an account. No need to interact with the faucet and the user is paying exchange fees anyway, so I think it's fine to tag on an additional tiny one-time fee. The user needs to be made aware of that beforehand, of course, but I think it's preferable over sending them to a faucet.

Offline Rune

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Re: [ANN] Cryptohedge brings bitUSD to Metaexchange!
« Reply #13 on: March 01, 2015, 12:21:59 PM »
This is awesome, I like the easy to see spreads too!
Do you know when Bitgold will be included?
I know cryptohedge were working on providing liquidity for that but did take a hit with Bter getting hacked.

We will not be able to add bitgold until the bter situation is resolved. But once that's done (assuming we get altcoins back) we probably can get it up and running quickly.


 

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