Mirror Trading

Mirror trading is an advanced technology that extends the functionality of custodians, offering a more meaningful solution by allowing trading funds to be mirrored onto an exchange for execution. This approach enables transactions to be settled promptly without the need to make security assumptions about centralized exchanges.

We will use Ceffu's MirrorX as an example to illustrate this technology.

What is Ceffu's MirrorX?

MirrorX is a platform designed for institutional clients, offering a faster and more efficient gateway to the Binance Exchange. It allows clients to delegate their assets instantaneously from Ceffu, a custodian service, to Binance. Essentially, MirrorX acts as a bridge between the secure storage of assets in Ceffu and their use in trading on Binance, enabling seamless and secure transactions.

Benefits of MirrorX:

1. Maximized Capital Efficiency: MirrorX enhances capital efficiency by allowing instant asset mirroring to Binance. This ensures that institutional clients can immediately access their assets for trading, optimizing the use of their capital.

2. Minimized Counterparty Risk: By using MirrorX, clients reduce the exposure to counterparty risk because the assets remain under the secure custody of Ceffu while still being accessible for trading on Binance.

3. Instantaneous Mirroring: Assets mirrored on MirrorX are instantly reflected in the client's Binance account, allowing for immediate trading without delays.

4. Automatic Settlements: MirrorX handles auto-settlements off-chain daily at T+1, meaning transactions are settled efficiently without any manual intervention, and this service is free of charge.

MirrorX thus offers a secure, efficient, and flexible way for institutional clients to manage assets and engage in trading on Binance while maintaining the high level of security provided by Ceffu. We will work with multiple custodians in the future to diversify and safeguard assets.