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

23.01.2018
Announcing Oxygen, the first CryptoRepo trading platform
Oxygen has announced the launch of the world's first decentralized CryptoRepo trading platform. Oxygen integrates repo, an essential building block for liquid and efficient financial markets, into the crypto economy.
 Read more
10.05.2018
TEDx Salon: Blockchain Beyond Bitcoin
On May 9th Oxygen’s CEO Alex Grebnev spoke at a TEDx conference ‘Blockchain Beyond Bitcoin’ organized by Fidelity International in Hong Kong. Alex spoke alongside Cindicator’s Co-Founder and CTO Yuri Lobyntsev and Fidelity’s UK Program Director Jason Webb about blockchain and its future.
 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