Currency.com is a regulated exchange of tokenized assets on which cryptocurrencies can be invested in traditional assets: stocks, stock indices or commodities.
One of the problems of the cryptocurrency industry, which prevents the widespread recognition of digital assets and the arrival of large institutional investors, is the lack of regulation and the creation of greenhouse conditions for the development of cryptocurrency projects and their integration with traditional economic systems and business. Gradually, this trend is changing, individual states begin to develop bills to regulate the digital economy and help the cryptocurrency company work within the legal framework.
In January 2019, the Currency.com cryptocurrency exchange of tokenized assets was launched, the license of which was issued in accordance with the decree of the President of the Republic of Belarus “On the development of the digital economy”, which entered into force in March 2018.
Currency.com is a regulated cryptocurrency exchange of tokenized assets. What does this mean? The platform enables its customers to invest cryptocurrencies in tokenized traditional assets, such as stocks, stock indices or commodities. If earlier, for example, the purchase of shares in Apple or another corporation was available only through a brokerage company for fiat money, then with the advent of Currency.com, you can buy tokenized shares and other assets for bitcoin, ether or lightcoin.
This opportunity allows cryptocurrency investors not to wait for the correction of bitcoin or another sideways to end on the cryptocurrency market, but it is much more free to invest cryptocurrencies in traditional assets. For example, during the next long sideways trend, you can pay attention to gold or oil and earn in these markets.
In addition, the diversity of assets gives traders the opportunity to protect their capital from possible risks. As you know, some cryptocurrencies are still subject to various manipulations, and since other exchanges offer nothing but cryptocurrencies, in the event of another dump on one of them, the trader can lose a significant part of the money. Using traditional and completely non-correlating assets, a cryptocurrency investor protects its capital from market manipulations. This is important, because in the event of strong fluctuations in the rates of cryptocurrencies, most of the coins will be stored in more stable traditional assets.
Currency.com exchange operates in the legal field and is regulated by the legislation of the Republic of Belarus. Personal data and user assets are legally protected, and the exchange itself is completely transparent and is independently audited by the Big Four company Ernst & Young.
Belarus became one of the first countries in the world to determine the legal status of cryptocurrencies. The country introduced a decree on the development of the digital economy of October 21, 2017, which regulates the procedure for working with tokenized assets, cryptocurrencies and exchanges.
On October 8, 2019, Currency.com announced a narrowing of the spread for the two main cryptocurrency pairs. For BTC / USD, the spread was reduced to 5 cents, and for the ETH / USD pair to 1 cent. It is worth noting that the spread for these pairs is fixed regardless of market volatility, its size does not change. Today, these are the narrowest spreads on the cryptocurrency market.
Trade commissions for the following instruments were also reduced:
For comparison, the trading commission on the largest cryptocurrency exchange Binance is 0.1%, on the OkEx exchange – from 0.1% to 0.15%, which is two times higher than on Currency.com. As for other types of assets, they simply are not on cryptocurrency exchanges, only leading coins and tokens are available to traders.
Customer safety is ensured not only due to the regulatory requirements for the exchange, but also by internal security measures. Personal data of clients is protected by cryptographic encryption and stored on LD4 Equinix servers, whose services are used by industry giants such as NASDAQ.
The company strictly complies with the FATF requirements regarding AML and CTF (anti-money laundering and combating the financing of terrorism) and monitors suspicious transactions in order to detect fraudulent activity using the software of the leading blockchain industry companies: Chainalysis, Coinfirm and Elliptic. In addition, the site regularly undergoes a security audit.
You will not buy there Bitcoin, which previously participated in the financial schemes of terrorists or drug dealers. Accordingly, avoid the potential risk of questions already to you, as a participant in these operations.
Currency.com was able to combine highly liquid traditional financial instruments and digital assets. It is important that all this is implemented in accordance with the legislation of Belarus.
That is why the exchange attracts not only customers, but also investors. In 2018, Currency.com attracted investments from Larnabel Ventures and VP Capital venture capital funds, thanks to which it received an excellent opportunity to develop and conquer the exchange trading market.
You can familiarize yourself with the terms of trading on the exchange on the official website.
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