Oxygen’s COO Alex Melikhov explains the market need for a CryptoRepo platform

25.01.2018

Alex Melikhov, the Chief Operating Officer (COO) of Oxygen, explained in a short interview the main principles of the first decentralized CryptoRepo platform and the premises for its launch from a crypto market perspective.

Alex commented that, “Many models of real finances are coming to the crypto economy. We see the explosion of exchanges, remittance services and lending services that are coming to the crypto world. But there is a bunch of tested and effective instruments that exist in real finance and can become a breakthrough in the crypto world, but they are not yet integrated into this new market. One of those instruments is repurchase agreements”.

In the real world, repo is an oil that lubricates financial markets. The repo market is around $12 trillion according to an ICMA survey in 2016. However, in the real economy, repo is available only for professional market participants like banks and broker dealers. In the crypto economy, many instruments are democratized and can become available for regular participants like market makers and traders.

According to Melikhov, repo agreements have to be embraced as soon as possible, as there are many long-term holders willing to start making yield on a long position, as well as active users and professional traders who can take advantage of more trading opportunities.

More news

30.05.2018
Oxygen could be among the first to be regulated in Gibraltar
On May 24th Oxygen’s founders, CEO Alex Grebnev and COO Alex Melikhov, presented Oxygen to the Gibraltar Financial Services Commission (GFSC) in order to become one of the first businesses to operate within the regulatory framework developed specifically for blockchain-related businesses.
 Read more
28.04.2018
Changelly partners with Binance
Oxygen partner, an instant digital currency exchange Changelly has joined forces with Binance, one of the top cryptocurrency exchanges in order to provide its users with a greater scope of tokens, better rates and quicker transactions.
 Read more
26.09.2018
Alex Melikhov speaks about the future of DApps at Blockshow Americas
Oxygen COO Alex Melikhov spoke at cryptocurrency and blockchain conference BlockShow in Las Vegas, the USA and focused on decentralized applications potential for the crypto market.
 Read more