AbacasXchange (ABCS)

What is AbacasXchange

The AbacasXchange provides a matched order book for the placement of market and limit orders across all assets on the exchange. Where liquidity cannot be discovered directly, the AbacasXchange will attempt to link orders through “Gateway Assets” to form a liquid price on the token pair to be traded.

The AbacasXchange provides programmatic APIs for applications wishing to purchase micro amounts of DBTS in exchange for another token (BTC for example) that is on account with the exchange.

The AbacasXchange also provides for the deposit of DBTS into the custody of the exchange and the deposit of Fulfilled by Abacas DBTS coins @DBTS which can be exchanged for other tokens on the exchange including Fulfilled by Abacas tokenized securities, cryptocurrencies, fiat currencies and other tokens outside of the Abacas Protocol.

The AbacasXchange manages all tokenized asset pair orders in discrete asset pair order books, segregating buy orders from sell orders, and matching bids versus offers when an order crosses the bid/offer spread. As orders are discrete asset pairs, the liquidity of any one asset is distributed across the range of assets offered in the AbacasXchange versus a traditional exchange where all trading of an asset is through a single fiat currency.