LayerZero launches ATLAS trading system
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- LayerZero has introduced ATLAS, a trading and settlement system built on its Zero blockchain.
- ZRO (CRYPTO:ZRO) rose more than 30% after the announcement.
- The system is designed for crypto and tokenised markets, including stocks, bonds and commodities.
LayerZero has introduced ATLAS, a trading and settlement system built on its Zero blockchain.
ATLAS combines trade matching, clearing, settlement and risk management in one system, according to LayerZero.
ZRO (CRYPTO:ZRO) rose more than 30% after the announcement, trading around $1.
LayerZero said ATLAS could support spot crypto, perpetual futures, stocks, bonds, commodities and prediction markets.
The system has Open ATLAS for crypto applications and Institutional ATLAS for exchanges and financial firms.
Trading venues can connect to ATLAS while keeping their own interfaces and customers, according to LayerZero.
LayerZero said 75% of eligible fees will fund ZRO purchases and burns after rebates and creator payments.
