LGO Markets seeks to emulate the multilateral infrastructure of traditional regulated financial markets in order to bring a new level of security and compliance to cryptocurrency markets.
LGO Markets has been built with a focus on eliminating counterparty risk. For this reason, LGO Markets is a non-custodial exchange, meaning that clients’ funds are always segregated and held in either a client’s own bank account or a client’s own 2-of-3 multisignature wallet.
Because of the segregation of the funds, trades have to be physically delivered after a clearing and settlement process through which digital assets and fiat funds move between buyers and sellers on the platform.
This process doesn’t exist on centralized cryptocurrency exchanges which both execute transaction and store clients’ funds on centralized bank accounts and wallets. This has led them to lose large amounts of their client’s assets due to hackings and subsequent manipulation of ownership logs.
By operating as a non-custodial exchange, LGO Markets overcomes this problem and provides a safe and riskless venue for clients to trade digital assets.