Ostium and QUODD Partner to Transform Onchain Trading with Real-Time Data

Revolutionizing Onchain Trading with QUODD Market Data

Ostium, a decentralized platform specializing in perpetual swaps for real-world assets (RWAs), is making waves in the onchain trading environment by leveraging QUODD's comprehensive real-time market data. This integration aims to deliver institutional-grade pricing for assets, creating a more transparent and efficient trading experience for users.

Understanding the Landscape: Decentralized Trading

In recent years, the financial industry has seen a significant shift towards decentralized trading models. Unlike traditional trading systems, decentralized finance (DeFi) allows for the trading of conventional financial assets directly on blockchain platforms. This innovation, however, comes with its own set of challenges. The existing DeFi platforms often deal with issues such as widened spreads and slippage due to the need to rebuild liquidity on-chain. During times of market volatility or after-hours trading, these issues can exacerbate, leading to pricing distortions.

Ostium addresses these challenges with a distinctive approach. Rather than investing resources into recreating onchain liquidity, Ostium sources its pricing directly from established traditional markets. By doing so, traders can experience transactions that closely mimic real-world asset trade executions, thereby increasing reliability and accuracy.

The Role of QUODD in Ostium's Success

QUODD's advanced real-time market data is crucial for Ostium's oracle infrastructure. It provides reliable pricing, bid-ask spreads, and market depth across various asset classes, including equities, foreign exchange (FX), and commodities. This accuracy in data sourcing is fundamental for Ostium to maintain tight execution standards and optimize its trading functionality.

According to Kaledora Kiernan-Linn, the CEO and co-founder of Ostium, “Our approach at Ostium is fundamentally different. By sourcing the depth of the world's most liquid markets, we ensure that our pricing infrastructure supports our commitment to trading excellence.”

The depth and accuracy of QUODD's data empower Ostium to evaluate feed quality, ensure redundancy across various providers, and introduce new assets confidently.

Expanding Access to Global Markets

Ostium's focus is on serving traders outside the U.S., particularly those accustomed to Contracts for Difference (CFDs) and traditional brokerage platforms. The platform enables access to global markets while eliminating the friction associated with transferring capital between cryptocurrency systems and traditional finance. Through QUODD’s integration, traders can access assets such as gold and U.S. equities, linked directly with market prices, and without the need for opaque offshore brokers or tokenized representations.

Scott Argyres, the Head of Product at QUODD, expressed excitement about the partnership: “The shift to decentralized trading is redefining how market data is consumed, and QUODD aims to be at the forefront of this transformation.”

Future Outlook for Ostium

The partnership between Ostium and QUODD is just the beginning. Ostium has plans to broaden its asset coverage, including expanding its offerings in commodities and other markets. By building upon the interface between traditional market structures and onchain execution, the platform aims to continuously enhance its services and capabilities.

In summary, Ostium's strategic integration of QUODD's market data not only enhances its operational efficacy but also signifies a major step towards bridging the gap between onchain trading and traditional financial markets. This evolution promises a more efficient, transparent, and user-friendly trading environment for a global audience.