Qurrex

QURREX is a platform for hybrid crypto exchange that integrates industrial infrastructure for traditional stock exchange with decentralized network

PROS:

• Efficiency: the platform can transact many transactions  within a short period of time
• Social trading : The  Qurrex trader community enables  the effective management of one trading account verified by rigid transactions
• Transparency: The platform ensures openness towards the community  where it’s based as its activities are done independently  hence avoiding the involvement of other parties
• Security : The  platform conforms with the Know Your Client(KYC) and AML procedures  hence securing maximum legitimization  of the exchange processes
• Full client support: The platform has provision of multi-lingual, round the clock  and client support via all the means of communications  hence preventing uncertainties  in case of any break down
• The customers have adequate interaction protocol  where they can easily retrieve  different information  through the high speed API
• Good team: Mattijs Joham  the co-founder has experience in banking investment  and business development which is essential for the prosperity of the project

CONS:

• The CEX is  not compatible with  fiat currencies
• The project does not  give the token holders  benefits from share of their overall profits after  every sale period

SUGGESTIONS:

• Configure the platform token with other crypto currencies
• Empower the token holder by involving them in the profit share

Market Competitive environment:
A very competitive space with well funded and strong cryptocurrency advocates, influencers, and dev teams already working on decentralized exchange projects. Hybrid exchanges can work but only until full decentralized exchanges resolve the scalability and and liquidity issues.
There are both large centralized players and projects with blockchain:
Crypto Exchanges - 100+ (Binance, Bitfinex, Bithumb
Bittrex, Coincheck, etc)
DEX - 10+ (Etherdelta, BitShares, OpenLEdger, Bancor Network, DDEX, Waves DEX, etc)
Fiat Exchanges - 30+ (Bitstamp, Cex.io, Coinbase, Kraken, OKEx, etc)
Hybrid Exchanges - 5+ (CGCX, NEX, LYKK, Legolas, Streamity)

The project advantages:
Capacity for > 70,000 transactions per second, operation execution speed of < 800 ms;
Latency - 650 microseconds;
Availability of safe "cold" storage of user data;
"Hot" wallets with connected insurance;
The presence of high-performance API, native FIX / FAST, WebSocket, REST.

SOCIAL ACTIVITY
The project popularity in the social networks and discussion forums
Telegram: 5k members, user activity is medium
Facebook: 5.2k followers, average number of likes per post is 550, average number of sharing ings per post is 545.
Twitter: 4.2k readers, average number of likes on one tweet is 320, average number of retweets per post is 290
Bitcointalk Forum: Read 6.2k times
Medium: 161 followers, post commenting activity is very low
Reddit: 284 followers, average number of comments per post is 14

An interesting idea of creating a decentralized network on the base of existing traditional exchanges can shoot, because they don’t need to create everything from scratch, the base is already there, and what is left is to add features of a decentralized platform. The team looks solid and experienced in creating systems of that kind. What is important is their intent to make all the processes transparent, fair, and open. Just recently they launched CEX matching module for load testing, you can join this campaign. The team also established several partnerships with other companies. Again, we see the main challenge in beating other competitors trying to create exchanges for crypto assets.
The first attempt to create a hybrid exchange for cryptocurrencies on the base of existing traditional exchanges. And the attempt is promising to become successful.

In our opinion, the idea of the project is topical and in demand, as the rapidly growing crypto market requires new and innovative approaches to increase its efficiency and further development. The founders of Qurrex want to draw the attention of both single and institutional investors and brokers to the platform, thereby offering their services to a wide range of users.

The project is described as being the "first hybrid crypto exchange", but in our opinion, this statement could mislead users for at least two reasons. First of all, there are already a number of hybrid crypto exchanges, which combine centralized and decentralized elements. Secondly, the founders of Qurrex expressly state in their documentation that there is still no effective way for fast and secure decentralized cross-channel trade, as a result of which, this service will only be available after the invention of a suitable technology for this.

Therefore, the key risk of the project is the situation in which the implemented Qurrex architecture cannot effectively integrate the found solution. Meaning that the only advantage of Qurrex over a number of already existing centralized exchanges, will be the team's promise to comply with all norms of the traditional financial sphere.

This problem is compounded by the initial stage of development of the project and the lack of experienced blockchain developers in the Qurrex team. As a result, we cannot assign a higher rating to the project.