Blockchain Fusion will create a decentralized global Forex market 24/7.

Forex (FOREX) — short for English. FOReign EXchange, which translates to “international currency exchange”.

Forex is an international interbank market. Operations are conducted through a system of institutions: Central banks, commercial banks, investment banks, brokers and dealers, pension funds, insurance companies, multinational corporations, etc.

Simply put, Forex is an “exchanger” for interbank currency exchange at free prices.

The largest players in the Forex market are the Central banking organizations of different countries. They buy foreign currency in foreign markets and sell in the domestic market of their countries.

The trading volume of the Forex industry in 2018 is $93 trillion.

Global FX trading volume for the year 2018 (quarterly).

Problems of the modern Forex market.

A lot of intermediaries-brokers, high interest rates for service.

Forex is a global over-the-counter market of interbank currency exchange at free prices, where there is limited or no government regulation.

The volume of one contract with a real supply of currency on the second working day (spot market) is usually about 5 million us dollars or their equivalent. The cost of one conversion payment is from 60 to 300 dollars. In addition, you will have to bear the cost of up to 6 thousand dollars per month for the interbank information and trading terminal.

Forex is not a centralized platform. Operations are carried out through a system of institutions: Central banks, commercial banks, investment banks, brokers and dealers, pension funds, insurance companies, transnational corporations.

In the Forex market trading takes place mainly through dealing centers, which at its discretion puts quotes for the purchase and sale of currency.

In the Forex market, there is no stock market, there is no data on trading volume and open interest.

But the stock exchange, though it can provide these data, but the trade is carried out through an intermediary broker.

The broker takes your order to the stock market, where it finds a counter order and is executed. The broker is just an intermediary.

The broker does not care whether you earn or lose, it is important for him a large number of transactions. The more deals are made, the more Commission he will receive

How Fusion solves the problem of Forex?

• removes costs up to 6 thousand dollars per month for interbank information and trading terminal
  • no intermediaries: brokers collecting Commission or dealing centers
  • no limit on the amount of contracts
  • does not require registration of a trader, broker, licenses, because transactions are carried out at the level of the crypto-wallet
  • decentralized access for banks, corporations, Central banks of different countries and even for ordinary people
  • operating time: decentralized and around the clock

Subtotal:

Blockchain Fusion will create a territory of decentralized, transparent and practically free exchange for the world Forex market which in 2018 had a turnover of $93 trillion.

A company engaged in financial market research (UBS AG) predicts that Forex turnover per day! by the end of 2020 it will be $10 trillion. This will happen due to the global growth of corporate and state national currencies Stablecoin USD.

What do you think will be the daily volume of transactions on the Fusion blockchain in 2020?

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