From a napkin to the patent office, CoinRoutes algorithmic trading platform gets approval
TL;DR CoinRoutes has released a new product, designed by the CTO Ian Weisberger on a napkin in 2017. The software allows traders to execute trades across centralized and decentralized exchanges, such as dYdX and Uniswap, with no access to users' keys. The patent for this design has been recently awarded to CoinRoutes, recognizing their secure and cost-effective tool.
CoinRoutes' latest product has humble beginnings, with its initial design being drawn up on a napkin in 2017 by CTO Ian Weisberger, Dave's son, according to the CEO.
The design allows CoinRoutes to offer a secure enterprise solution to each client, said Dave Weisberger. The firm does so "at a much lower cost than our competition, without cutting corners on the terabytes of crypto market data that inform the decision-making of our algorithms," he added.
"The award of our patent is recognition that CoinRoutes is providing our clients with a secure and cost-effective tool that wasn't previously available to digital asset traders," he concluded.
The software will allow traders to execute trades across centralized and decentralized exchanges, including dYdX and Uniswap. CoinRoutes will have no access to users' keys, Ian Weisberger noted.