At Oodlebit we are a peoples exchange, and so we pride ourselves with being open and transparent. In order to comply with our values, we would like to make it clear that in no way shape or form do we proprietary trade. The foundation in which the exchange was created on, are still core and principal values that have continued and will be honored.
Read: Our commitments are important, read more about what we are prioritizing.
Investopedia defines proprietary trading as
when a firm or bank invests for its own direct market gain instead of earning commission dollars by trading on behalf of its clients. This type of trading occurs when a firm decides to profit from the market rather than from the thin-margin commissions it makes from processing trades.
Oodlebit is an exchange in which allows customers to find buyers on a liquidated platform. Oodlebit helps facilitate the trades between different cryptocurrency pairings and does not trade any money for the benefit of the company. So in short, Oodlebit will not be making any proprietary trades or trades against customers. Money avenues that are earned will be directly outlined and transparent, available for all customers to read. When trades are completed and executed they are done so after an order from a customer has been made.