The launch includes a slick new mobile app that brings a raft of advanced features and powerful technology to crypto traders, allowing them to take advantage of the ability to buy and trade tokenised securities on the go. It also offers a host of new capabilities to crypto traders that have been long used in the traditional financial world such as 50% margin close outs and selling at loss.
Currency.com’s full launch makes 1,000 tokenised securities available to both private and institutional investors across the world*. This is achieved by tracking the underlying market price of common financial instruments, such as global equities, indices and commodities. For example, users can buy a token that mirrors the performance of an Apple share on the Nasdaq – APPLE.CX – at the same economic costs and benefits of an Apple share. Users can also buy these tokens directly using Bitcoin (BTC) or Ethereum (ETH), and will have the ability to trade them on margin.
Currency.com has also expanded trading for tokenised securities listed on the Hong Kong Stock Exchange (HKEx) with the addition of 146 assets, such Tencent, China Mobile and HSBC, among others.
The world-first platform already trades over $26 million every month, confirming a significant demand for democratic access to traditional finance.
To offer these capabilities, Currency.com leverages the technology of Capital.com, its sister platform regulated by the FCA and CySEC and has focused on ensuring a simple, easy-to-use design.
Over 5,000 of the applicants in beta launch made it through the registration process to access the platform, with the most active traders providing daily feedback to help ensure Currency.com is the most powerful and easy-to-use platform possible. As a result, the public launch today presents a platform that is sleek, tested and designed with the user experience at heart.
A referral program has also been introduced by Currency.com following crypto influencer feedback during the beta launch, which encourages users to invite friends to the platform by sharing 50% of the referred friend’s trading commission for six months. Commissions are paid on a weekly basis and offer an interesting incentive to users who have been enjoying the platform.
Ivan Gowan, CEO of Currency.com, said, “The arrival of tokenised 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. I anticipate our mobile app will be a hit among investors due to its powerful and advanced trading tools that have otherwise been unavailable to the crypto community.”
“The addition of Hong Kong assets broadens our offering to Asia and gives global cryptocurrency investors access to tokenised securities of some of the largest and fastest growing companies in Greater China,” Gowan added.
Currency.com has also issued a tokenised version of Belarusian government bonds and plans to include additional tokenised government and corporate bonds over time. Thanks to this new feature, Currency.com users will be able to invest their cryptocurrency holdings in an entirely new, differentiated asset class that presents the opportunity to hedge and diversify their portfolios through fixed-income instruments with potentially lower risk and more predictable returns.
Currency.com will offer access to issue 252 of the Belarus Currency and Stock Exchange with a 4.2% per annum yield, with more tokenised bonds being added over time. The tokens will be denominated in USD and priced at $1,000, which corresponds to the cost of the underlying bond, but users will also have the option to buy fractional tokens (representing fractional ownership of the bond).
*Excluding the USA and those on the FATF list.
About Currency.com
Launched in April 2019, Currency.com is a blockchain technology company, which operates the world’s first trading platform for tokenised securities, which allows investors to use their cryptocurrency assets to invest in, and profit from, global financial markets – without the pressure of exchanging their crypto portfolio into fiat money. Currency.com is licensed, authorized and regulated by the High Technology Park of Belarus under Decree No. 8 ‘On the Development of a Digital Economy’.
The company is backed by VP Capital and Larnabel Ventures, with Ivan Gowan as CEO who spent 15 years heading up technology development for IG, growing the trading platform in value from $250 million to over $3 billion .
For more information, visit: https://currency.com/.
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