AirSwap co-founder Michael Oved recently spoke with Bloomberg’s Joe Weisenthal about cryptocurrency price manipulation along with Ethereum's blockchain trading technology that is used by AirSwap.
Oved says that Ethereum’s blockchain technology prevents nefarious dealings in regards to price manipulation. When Weisenthal asked why pier to pier trading is better rather than some centralized order books, Oved said that it’s harder because there is no single price to manipulate. With the pier to pier mechanism, users can decide amongst themselves what to trade; the users themselves get to decide what price is fair to them.
When Weisenthal asked Oved his interpretation of the recent market upswing, Oved replied by saying AirSwap was seeing more calls than previously from big investors but mainly he felt it was the technology itself that is driving investors in.
"A lot of institutional money is sitting on the sidelines just ready to get in. Ethereum is the future,” Oved said. "If you were in the financial services industry and you’re not getting involved in this technology you will get left behind.”
Go here to listen to the entire interview between Oved and Weisenthal.
AirSwap is a New York and Hong Kong-based decentralized cryptocurrency exchange that began on February 1, 2018. AirSwap enables users, through blockchain technology, to trade ERC20-compliant tokens on the Ethereum blockchain. By being a decentralized exchange with a peer-to-peer protocol, users can seek out and negotiate with others in a highly secured environment. To understand more about AirSwap, the whitepaper may be read here.