How is it different from traditional crypto exchange?
The main differences are:
- As WH platform is a p2p marketplace, it does not implement a bid\ask model, rather it resembles an auction principal, where users make their offers as a margin or discount to current average market price.
- Another key difference is that deal flow happens through multisig wallets, which are created between each party and the platform. This way the platform can control the deal process, but it has no access to user funds at any time. This mitigates traditional risks associated with custody services, like hacking activity or outright fraud.
How is it different from traditional crypto OTC?
WH platform has no access to user funds at any moment as the deal process is based on multisigs, whereas the platform creates a multisig wallet with every deal participant. This way WH platform has no access to deal funds, but it has full control over the deal process.