The young multi-asset exchange has announced today Bitcoin deposits and withdrawals are now enabled. Given the fact the Japanese Yen is the second most traded fiat currency with Bitcoin, the company hopes this move will accelerate that market’s penetration.
The exchange is relatively new and unknown to many — in the last 24 hours, it ranked 61 in trade volume, according to CoinMarketCap. However, this is not your typical cryptocurrency exchange. You see, this is a multi-asset exchange.
Trade Cryptocurrencies, or Invest in Your Favorite ICOs
The company is trying to build a platform where users can easily tokenize an asset and exchange it — at the moment, there are only options available for works of art and real estate.
However, if you don’t want to trade your assets away, but you’re running an ICO instead, LATOKEN also gives you the option to add your campaign to their platform. This feature is incredibly smart, as it bridges the gap between traders and investors.
Instead of splitting your focus, the platform is trying to give you a solution for all your needs — whether you want to invest or trade, both options are available. If you want to throw an ICO or tokenize family heirlooms, those are valid choices, too.
Security Token Trading is Coming to LATOKEN, Too
In a press release, Valentin Preobrazhenskiy, LATOKEN’s CEO, said,
“Tokens linked to real assets are the future of capital markets, as blockchain technology continues to solve the problems of custody and trades settlement. The next step for the industry is to issue and trade tokens representing equity, and we are working to make it compliant for many regions”.
The company has also announced it will be possible to trade security tokens on its platform soon. The press release states this initiative will first be open to some markets for testing, and available show spread as regulations and restrictions are cleared.
This Friday, Crypto is Coming will be publishing an exclusive interview with LATOKEN’s CEO, Valentin Preobrazhenskiy, in which he talks about the company’s foundation, their sights for the future, and some thoughts on the current crypto events.
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