Hibachi to Build Forex Exchange for Institutions on Ark

Hibachi has announced plans to build a global forex exchange for institutions on the Ark blockchain. The company aims to combine ultra-fast order processing technology with zero-knowledge proof technology to enable traditional financial institutions to securely exchange national currencies for cryptocurrencies. The global forex market has an average daily trading volume of approximately $8.4 trillion, but there is a lack of secure liquidity space for large transactions. Hibachi has adopted a method where trade orders are processed at ultra-fast speeds on external servers, with only the settlement details recorded on the blockchain. Through zero-knowledge proof technology, the execution of trades is verified on the blockchain while protecting the investment strategies of companies and the confidentiality of customers. The Ark blockchain provides infrastructure suitable for large enterprises, ensuring that payments are finalized within one second once a transaction begins. Fees are paid in USD Coin, which maintains a value of $1, allowing companies to accurately predict costs. Hibachi plans to expand its scope starting with perpetual futures trading in forex and will introduce Circle's cross-chain transfer protocol technology to enhance the convenience of fund movement. The co-founder of Hibachi stated that they aim to establish themselves as a core platform for global forex trading by combining Ark's security technology with Hibachi's rapid execution capabilities.