Share this article
Crypto Trading Platform Enclave Starts Fully Encrypted Spot Exchange
The new platform is secured by independent attestors, including Blockdaemon, Ava Labs, Republic Crypto and Enclave.
By Helene Braun
Updated May 9, 2023, 4:13 a.m. Published May 3, 2023, 12:00 p.m.
Crypto trading platform Enclave Markets has started a fully encrypted spot exchange, Enclave Spot, because of continued interest from institutional investors, the company said on Wednesday.
“Spot trading is a popular form of trading across the entire financial ecosystem, thus the launch of Enclave Spot was the next clear step in the evolution of Enclave Markets,” Enclave CEO David Wells said.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Like a traditional exchange, Enclave Spot is intended to allow traders to buy and sell cryptocurrencies nearly instantly, but it differs in that it is hosted entirely within a secure enclave, a codebase that executes functions such as custody and trade execution. This ensures that no customer data can be leaked and used as an unfair advantage for some traders.
“The secure enclave environment is an important improvement from the existing exchange infrastructure, where information leakage enables preferential treatment for insiders,” Wells told CoinDesk.
The new platform is secured by independent attestors, including Blockdaemon, Ava Labs, Republic Crypto and Enclave, that oversee custody, review code updates and ensure that no entity has unilateral control.
Enclave Spot will be fully interoperable with Enclave Cross, the company’s previously launched trading platform that allows users to trade blocks of digital assets off-chain, similar to dark pool trading.
Enclave Cross surpassed 1.5 million transactions in the first few months after its launch in September, the company said, with its user base increasing more than 225% quarter over quarter.
CORRECTION (May 3, 2023, 13:55 UTC): Corrects quarter-over-quarter user base increase.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Michael Saylor's Strategy Hangs on to Spot in Nasdaq 100 Index
The annual Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but bitcoin treasury company Strategy hung onto its spot.
What to know:
- Strategy (MSTR) will remain in the Nasdaq 100 index despite a major reshuffle, which saw several household names dropped.
- The firm's business model, which involves stockpiling bitcoin, has drawn criticism from analysts and index providers, with MSCI considering excluding crypto treasury companies from its benchmarks.
- The Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but Strategy's bitcoin-heavy strategy secured its spot.
Top Stories
