Traditional finance and cryptocurrency have co-existed as independent entities for long. Gaining access to stocks and commodities was difficult for crypto traders. Currency.com wanted to address this shortcoming and launched “Bitmex of stocks,” a crypto-friendly platform that allows traders to buy leveraged equities, indices, and metals.
Currency.com guarantees access to retail investors and a marketplace of assets that can be traded right from the first day that the trader joins the platform. The tradable assets at Currency.com stocks in oil, gas, Nasdaq 100, as well as Microsoft. Though currently available in invite-only mode, the platform has already garnered 1000+ traders with 113,000 still waiting to get on board.
Currency.com corporate executive Ivan Gowan informed that great interest has been witnessed from the Russian and English speaking communities. Besides these, a major chunk of enthusiasts awaits their onboarding to the Currency.com platform from Japan, Korea, Eastern Europe, and Western Europe. US nationals cannot sign up presently.
Ivan Gowan said,
Currency.com definitely strives to venture into the US market, but there are quite a few challenges that need to be handled to receive the SEC’s approval. Before that, there is a huge task to be achieved which is the onboarding of all aspiring traders who are already in the queue. Once they are on board, they will be able to deposit funds with Bitcoin and Ethereum and some selected fiat currencies. More cryptocurrencies are expected to be added soon.
Such innovative steps definitely give positive signals regarding bridging the divide between the traditional finance and crypto industries.