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Currency.com, A Tokenized Securities Exchange Launches to the Public

Currency.com | Tokenized Securities Exchange | Public |Cryptocurrency

Since the launch of its beta mode in January, Currency.com have had a swell reception, the Belarus-based tokenized securities exchange announced its public launch on 3 May.

Claiming to be the world’s first such exchange, the platform enables investors to directly trade and invest in tokenized financial instruments, wherein the payments are directly made in bitcoin (BTC) or ethereum(ETH). The app is available for both iOS and Android, enabling its users to have access to the platform on the go.

Amidst other features added in the launch, 50 percent margin close outs and selling at loss have been incorporated. 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.”

As per the exchange, it offers over 1,000 tokenized securities to investors worldwide, except those in the U.S. and on the Financial Action Task Force’s blacklist of high-risk nations. The platform’s underlying technology is built and supported by its U.K. Financial Conduct Authority and Cyprus Securities and Exchange Commission-regulated sister firm Capital.com.

The announcement explains that the tokenized products track 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 … at the same economic costs and benefits of an Apple share.

A report from TechCrunch further adds that Currency.com also launched a tokenized Belarus government bond on the same day, with plans to add more government and corporate bonds going forward. Currency.com has previously given assurances that it is a fully compliant blockchain businesses under Belarusian law and follows anti-money laundering and know-your-customer rules, as well as the EU’s General Data Protection Regulations.

The announcement further states that the exchange is already trading over $20 million monthly, with 5,000 users have successfully registered for the beta announced on Jan. 15.

Read more:Apple Smartwatches Now Have An Experimental Bitcoin Lightning App

Image source – Currency.com Twitter

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