Currency.com, a Belarus-based tokenized exchange, has announced that it would launch its main service. The company started beta in January and now the platform is ready for launch.
As SEC finally released its long-awaited guidance on crypto token issuers, making clear on which cases tokens are considered securities, it is becoming clear that the crypto world is edging closer to the traditional financial world. New players are joining the sector who hail from traditional finance and trading backgrounds.
Currency.com launched a blockchain-backed, highly regulated and secure service designed to give traders the flexibility they’ve been looking for. Users will be able to trade remotely with free iOS and Android apps. Other features added for the launch include 50 percent margin closeouts and selling at loss.
The platform – which claims to be the world’s first such exchange – allows investors to directly trade and invest in tokenized financial instruments, with payment being made directly in bitcoin (BTC) or ethereum (ETH).
Ivan Gowan, CEO of Currency.com, said:
“The arrival of tokenized securities will completely change how investors can use their cryptocurrencies. Linking crypto to the price of stocks and shares provides a tangible way for holders of bitcoin and ethereum to access traditional financial markets. Our beta launch proved the appetite is there globally for a service like this and Currency.com’s full launch marks a significant shift in the direction of crypto as it becomes more regulated and starts to move closer towards traditional markets.”
According to the exchange, more than 1,000 tokenized securities will be offered to investors all over the world. Only blacklisted countries will not have access to the services at the moment.
Technology for the worldwide expansion will be provided by Capital.com, which is regulated by the U. K. Financial Conduct Authority.
Equities, bonds, indices, and commodities will all be tokenized on the platform. This…