Totle, a platform that aggregates crypto order books across multiple platforms, has launched their solution for the fragmented decentralized trading and exchange ecosystem. According to their website, Decentralized trading doesn’t have to suck and they have the solution.
Totle reportedly has received investments from NEO Global Capital (NGC), a leading blockchain investment firms with over $400 million in assets, as well as TechCrunch founder and Arrington XRP Capital (XRP) principle, Michael Arrington.
By pooling decentralized trading (DEXs), Totle aims to boost overall liquidity and improve a traders ability to close a transaction at the best price. This can be especially important for thinly traded crypto.
“Prior to Totle, there was no reliable infrastructure for decentralized value exchange. At a minimum the market (we) should expect price optimization and safe custody every time value is exchanged on a blockchain. This is Totle’s mission.”
The Totle platform seeks to enable consumers, traders, and any organization to focus on their assets and their business while relying on Totle to enable “optimal value exchange.” No need to integrate with and understand the protocols of multiple decentralized exchanges and implement complex price discovery mechanisms as Totle can do it for you.
Michael McCarthy, CEO of portfolio management tool Shrimpy, says they vetted other APIs and felt that Totle delivered the best access to decentralized exchange liquidity and best pricing possible.
“We’re excited to provide our global customers the ability to custody their assets while managing their portfolios.”
Totle’s API is free at launch and is being integrated with initial partners including AlphaWallet, Arbitraj.io, Fractal Wealth, Marble, Mirian, and Shrimpy.