Cryptocurrency exchange Currency.com announced on Monday it has officially launched after its beta launch earlier this year. The platform reported that it saw more than 150,000 users apply to use cryptocurrencies to buy and trade tokenized securities. It was revealed:
“The launch includes a slick new mobile app that brings a raft of advanced features and powerful technology to crypto traders, allowing them to take advantage of the ability to buy and trade tokenised securities on the go. It also offers a host of new capabilities to crypto traders that have been long used in the traditional financial world such as 50% margin close outs and selling at loss.”
While sharing more details about the launch, Ivan Gowan, CEO of Currency.com, stated:
“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. Our beta launch proved the appetite is there globally for a service like this and Currency.com’s full launch marks a significant shift in the direction of crypto as it becomes more regulated and starts to move closer towards traditional markets. I anticipate our mobile app will be a hit among investors due to its powerful and advanced trading tools that have otherwise been unavailable to the crypto community.”
Currency.com also reported it has expanded trading for tokenized securities listed on the Hong Kong Stock Exchange (HKEx) with the addition of 146 assets, such Tencent, China Mobile, and HSBC, among others. The platform added it will offer access to issue 252 of the Belarus Currency and Stock Exchange with a 4.2% per annum yield, with more tokenized bonds being added over time.