Over £70,000 has been traded on Ablrate’s new loan exchange
Over £70,000 has been traded on Ablrate’s new blockchain-backed secondary market since it launched four days ago.
The new exchange, called ASMX, is a sister company to Ablrate. It replaced Ablrate’s previous secondary market last week, in order to boost liquidity for investors.
The asset-backed peer-to-peer lending platform is inviting its users to give feedback on the new loan exchange and said it will make changes accordingly.
In response to some queries from investors, Ablrate said it has now added striping to tables in the bottom table to easily differentiate the rows, has started formatting quantity values using commas and fixed the chart for not showing historical data on days in which there haven’t been any trades.
Where investors can search for loans, the platform has also started listing titles to give more space in the search list and the loan search text is no longer case sensitive.
“We are pleased with the operational side of things,” Ablrate said in an email to investors.
“We have received lots of helpful feedback from lenders and will be implementing those suggestions as we go.
“I look forward to your comments on our new exchange as we progress.”
David Bradley-Ward, chief executive of Ablrate, has previously said that ASMX will only charge a 0.25 per cent fee once the benefits start to be felt by lenders.
He has also revealed plans to roll out ASMX to other P2P platforms in the future, with the aim of standardisation within the sector.
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