Crypto trading platform Currency.com launches
Currency.com, a Gibraltar-based trading platform for tokenised securities, has launched with an $8 million investment from Larnabel Ventures and VP Capital.
The platform uses blockchain technology and wants to “turn traditional methods of investing on its head”.
The “world’s first tokenised securities trading platform”
The firm says it is the “world’s first tokenised securities trading platform” that lets users exchange cryptocurrencies and fiat money, and invest in and trade tokenised securities.
The idea is to let users participate in traditional financial markets using cryptocurrencies – without having to exchange crypto portfolio into fiat money.
Currency.com is targeting all types of investors and will issue over 10,000 tokenised securities in 2019 (starting with 200+ at launch), which will track the underlying market price of common financial instruments, such as global equities, indices and commodities.
For instance, users will be able to buy a token that mirrors the performance of an Apple share on the Nasdaq. Users will be able to buy these tokens using Bitcoin (BTC) or Ethereum (ETH), and will have the ability to “trade them on margin”.
To offer these capabilities, Currency.com uses the technology of Capital.com, its sister platform. It explains that the latter is regulated by the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
As reported earlier this month, Estonia-based DX.Exchange launched its digital exchange with the chance to trade in Nasdaq-listed companies around the clock.
