The developers of Currency.com, a Gibraltar-registered tokenized securities exchange, have reportedly launched to the public. This, after releasing and testing the beta version of the platform over the last few months. Currency.com’s exchange allows users to make investments in various tokenized financial instruments, with payments accepted in major cryptocurrencies including Bitcoin (BTC) and Ether (ETH).
Currency.com Can be Accessed On The Go
Currency.com’s platform can also be accessed on mobile devices as there’s currently an app available for both Android and iOS users. Moreover, traders can take advantage of 50% margin close outs and selling at loss.
Commenting on the release of the new trading platform, Ivan Gowan, the CEO of Currency.com, remarked:
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.
US-based Traders May Not Use The Platform
According to Currency.com’s management, there are currently around 1,000 tokenized securities being offered to investors throughout the world. However, US-based investors and certain high-risk regions, as identified by the Financial Action Task Force, are not allowed to use Currency.com’s platform.
As noted in Currency.com’s Crunchbase profile, the newly-released exchange lets users “trade, invest in, and benefit from exposure to, real-world financial instruments by directly using cryptocurrencies.” Currency.com’s management is also planning to “issue more than 10,000 tokenized securities that will track and mirror the performance of common financial instruments.”
For example, a digital asset investor “would be able to buy a token tied to an Apple share on Nasdaq” through Currency.com’s platform. The exchange’s tokenized products have been designed to track the underlying prices of “common financial instruments, such as global equities, indices and commodities.”
Platform Built Using Capital.com’s Technology
As explained in the announcement, the Currency.com platform has been built using proprietary technology developed by Capital.com, a Cyprus Securities and Exchange Commission and UK Financial Conduct Authority (FCA)-regulated company.
In addition to introducing the Currency.com platform, the exchange’s management has released a tokenized Belarus government bond. As mentioned in the announcement, Currency.com is planning to offer more government and corporate bonds in the future.
The worlds first fully regulated tokenised securities exchange is finally here!— Currency.com (@CurrencyCom) March 25, 2019
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Notably, Currency.com’s developers have obtained regulatory approval from the Belarusian government and the platform’s management follows the appropriate know-your-customer (KYC) and anti-money laundering (AML) requirements. It is also compliant with the European Union’s General Data Protection Regulations.
Currently, the platform is reportedly averaging around $20 million in monthly trading volume and around 5,000 users have registered on it since its beta version was released on January 15, 2019.