Currency.com is revolutionizing currency trading with cutting-edge tools. Despite advancements, there are still gaps in how cryptocurrencies are managed, and platforms often fall short, leaving users navigating less-than-ideal systems within traditional finance.
As blockchain merges asset categories, traders have an abundance of opportunities to invest and benefit from financial instruments. Nowadays, digital currencies are reshaping how transactions occur, prompting a need for a smooth, fast platform to handle a variety of financial products efficiently.
Currency.com pioneers in fusing crypto and securities trading without the need to convert to fiat currencies. The platform closes the divide between crypto and traditional markets, simplifying complex trades to an unprecedented level!
Currency.com Emerges at Right Time
Belarus leads the charge in cryptocurrency adaptation, boasting progressive laws and tech-friendly policies. It offers a comprehensive legal framework governing crypto activities, making it an ideal breeding ground for crypto companies.
Instead of retrofitting old legal systems to accommodate crypto, Belarus was ahead by building a new regulatory environment specifically for it.
Belarus also bolsters smart asset trading with significant support and incentives, like tax-friendly policies for crypto exchanges and Initial Coin Offerings (ICOs).
Recognized for outsourcing appeal, particularly in tech, Belarus introduces Currency.com as a groundbreaking initiative in this backdrop.
A Solid Step in the Right Direction
Shortly after Currency.com's inception in June 2018, it earned regulation from the Belarusian authorities as a licensed crypto platform by November of the same year. By early 2019, it attracted substantial investment from entities like VP Capital and Larnabel Ventures.
While specifics were not detailed, reports suggest an investment figure around $10 million USD.
In merely a couple of years, Currency.com has been on a continuous trajectory, enhancing its platform and services. Although relatively new, its remarkable progress is highlighted by significant milestones:
- June 2018: Launch of one of the first platforms for tokenized trading
- November 2018: Granted official regulation by Belarus’s High Technology Park
- May 2019: Commencement of tokenized securities trading via a partnership with Capital.com
- May 2019: Introduction of their mobile application to users
- October 2019: Launch a media platform
- December 2019: Starting a trader contest
About The Founders
The driving force behind Currency.com’s advancement is a team of visionary founders. Viktor Prokopenya, the mastermind, also manages VP Capital, a key investment firm.
Prokopenya’s success is attributable to his solid academic background and practical experience in IT, computer science, and entrepreneurship within the finance sector.
He co-founded Currency.com alongside Nikolai Markovnik, a specialist in investment law, known for assisting Belarusian authorities in crafting IT, blockchain, and crypto regulations.
Their efforts were complemented by support from Said Gutseriev, a billionaire and Larnabel Ventures' head, one of Currency.com’s significant stakeholders.
The Currency.com Model: Innovative Thinking
Currency.com serves as a platform not only for crypto to fiat exchanges but also allows users to engage in traditional stock purchases via tokens, creating a versatile and diversified market.
The company stands as a pioneer in leveraging tokenization technology within its trading environment, where every financial asset from cryptos, securities, bonds to fiat is transformed into tradable tokens, mirroring the value of their origins.
Tokens are essential for cross-asset trading within Currency.com, providing a universal exchange model.
Currency.com's strategic collaboration with Capital.com, a renowned British fintech covering over 2,000 markets globally, facilitates seamless connections for crypto traders, expanding their portfolios easily.
At present, Currency.com has launched and supports over 1,300 tokens, representing a range of assets including cryptocurrencies, commodities, stocks, bonds, indices, etc. However, the ambition extends to reaching a portfolio of 10,000 assets.
Here's how the process unfolds: Currency.com acquires securities from Capital.com, then issues tokens reflecting those securities. Users can buy these through crypto and profit from price movements.
Currency.com generates revenue through trading fees and various service charges, such as smart asset withdrawal fees.
Why Use Tokens?
If you're acquainted with custodianship in traditional financial markets, you'll appreciate how tokenized assets could transform asset trading. Unlike customary markets like the NYSE, where ownership transfer can be complex and indirect.
The existing system evolved over centuries, though modern trading methods offer much more direct and efficient asset transfer.
With tokens, trading is streamlined and ownership is transferred almost instantly, sidestepping intermediaries like brokers and eliminating fees often tied to asset class transitions.
History has shown us the volatility of financial markets, and should a bank or broker face insolvency, retrieving ownership over assets can be challenging. Tokens bypass this by ensuring more direct ownership when correctly managed.
Currency.com Advantages
In this era of technological evolution, Currency.com thrives on embracing cutting-edge innovations that benefit investors. Beyond thought leadership, the firm proves its capacity to incorporate next-gen fintech into applicable solutions today.
Currency.com offers remarkable benefits across the global financial landscape:
- Currency.com stands out as one of the earliest regulated platforms for token trading. It adheres to all legal compliances, in part due to Belarus's pioneering efforts in establishing crypto legislature like Decree No. 8 'On the Development of a Digital Economy' along with stringent Anti-Money Laundering (AML) protocols.
- Provides a vast array of products spanning several asset classes. Platforms like Bitmex , Bybit , or Deribit don’t have the same range of products.
- Currency.com offers a mobile app, a feature absent in competitors like Bitmex or Bybit.
- Customers can comfortably trust Currency.com's well-grounded regulatory base, which fosters greater credibility and facilitates partnerships with major entities like Russia's Sberbank.
- Competing platforms like Bitmex lack regulatory approval, posing potential risks to traders and investors who value the safeguard of regulation.
- Teaming with Capital.com, a platform known for its secure exchange and expansive asset array, is advantageous for investors, offering seamless market integration.
Currency.com: The Rundown
For anyone seeking a comprehensive platform where cryptocurrencies, fiat currencies, and other asset classes converge, Currency.com stands out as a top choice, fully compliant and equipped with exceptional features for investors and traders alike.
Here's why Currency.com is a compelling choice:
- Facilitating straightforward funding, Currency.com accepts multiple deposit methods, including cash, bank transfers, credit cards, and e-wallets. Users benefit from maximized margins via token resales in secondary auctions, with Belarusian traders enjoying tax advantages on earnings from tokenized exchanges.
- Currency.com continuously enhances its ecosystem, working towards a platform accessible across various devices. As per a 2018 evaluation by Ernst & Young, Currency.com meets comprehensive compliance standards and reliability.
- Currency.com aims for further regulatory approvals globally, expanding into regions such as Australia, the Asia-Pacific, and the USA.
- Currency.com emerges as a pioneer in regulated token trade platforms, delivering robust security and a diverse range of asset classes.
- Accessible through multiple channels, Currency.com users can employ blockchain analytics tools like Elliptic and Chainalysis for transaction tracing, offering unparalleled connectivity and transparency.
Recognized as an early participant in the tokenized asset scene, Currency.com is poised for growth, presenting traders and investors considerable advantages through diligent regulatory compliance.
Currency.com is available on numerous devices and offers a well-crafted trading platform. As tokenized assets gain traction, their availability across various asset fronts is set to expand.
Investors wanting to trade multiple asset types from one location will find Currency.com a valuable platform. The company is poised to widen its product range and forge further strategic alliances in the future.
