Currency.com Review: Unique Features Of World's First Tokenized Securities Exchange 2

Currency.com Review: Unique Features Of World’s First Tokenized Securities Exchange

Virtually every cryptocurrency holder is faced with the challenge of finding an exchange that is not only knowledgeable in the field of cryptocurrencies and blockchain technology but is also transparent and has a strong foundation.

It is especially difficult to find an exchange that meets the requirements for quality service delivery as there are several exchanges in the financial market. One exchange that seeks to alleviate this problem is Currency.com.

Now, in this Currency.com review, we are going to go over some of the unique features that distinguish it from several other brokers in the industry. 

Currency.com is an exchange company that was launched during the early periods of 2019 with the goal of improving the understanding of people in the cryptocurrency market as well as bridging the gap between the exchange market and cryptocurrency trading.

The company not only works as a cryptocurrency exchange but also as a platform for trading tokenized securities, which are non-crypto assets that have been converted into cryptocurrencies, and this makes trading easier and faster for clients. The company is popularly known as the first regulated tokenized securities exchange.

Currency.com is incorporated in Minsk, Belarus, and is owned and operated by Currency.com BCL LLC. It has two offices that are based in London, United Kingdom, and Gibraltar with more than a hundred professional staff working toward achieving the company goals.

The company has received several awards in the industry, including the award for the most transparent service provider in Europe, the most innovative broker globally, and the best cryptocurrency exchange CIS in 2019.

Regardless of the fact that Currency.com is relatively new in the industry, it boasts of having a great deal of proficiency and experience in both the financial and technological sectors.

The company has a vast array of trading tools utilized by its several clients with a trade matching speed of 50 million per second.

Currency.com currently has more than 1,300 available tokenized assets, 10,000 tokenized assets to be used for future projects and in 2019 alone, it had about 37,000 mobile installs with a user-friendly trading platform that far exceeds the service quality of some other exchanges that may have been in existence long before it was launched.

Interestingly, users can trade both cryptocurrencies and fiat currencies simultaneously. Clients trading on tokenized securities also have features that enable them to trade their shares, indices, and commodities using crypto without any need for converting it to fiat currencies.

See Also: Xtrade Review – Forex Online Trading Platform

Features that make Currency.com stand out from the crowd 

They are:

Regulations:

Currency.com is regulated by the Belarus Hi-Tech Park (HTP), a tax and legal regime in Belarus that contributes to the development of IT businesses. The company is under the strict watch of the regulatory body and also enjoys the benefits that come with it, including the protection of clients’ investments.

Security:

Currency.com takes extreme measures to ensure the safety of clients’ accounts. This includes employing the best two-factor authentication on all of its platforms such as funding, trading, logging, and every other activity carried out using the API keys.

 In addition to that, the company also provides extra security for clients who may not be able to access their trading accounts by enabling a separate two-factor authentication that is dubbed the “Master key.”

The company employs several other security features such as a discreet system for the secure upload and verification of clients’ documents, a security measure for email encryption and the highest level of encryption that ensures the safety of clients’ information and investments against the activities of cyber thieves.

Currency.com also has a list of other important security features such as a well-updated anti-money laundering (AML) and know your customer (KYC) compliance, a reliable and scalable order matching machine that can conveniently handle 5 million orders per second, and a purpose-built regulation by the Belarusian authorities.

The activities of the company are audited at least once a year by one of the four largest accounting firms in the world. There is also a strict approval protocol for data processing and tough security measures for services that are in charge of user data.

The coins in the company’s custody, apart from those that are used in operational liquidity, are securely kept in semi-cold wallets on encrypted machines and lock devices. 

As for the clients’ funds, Currency.com stores these funds in a separate bank account that is totally different from operational accounts and this makes it impossible for the funds in these accounts to be borrowed or lent out by the company for any reason.

All these security features are a clear indication that the safety of clients’ assets is of great importance to Currency.com.

Deposits:

Deposits to trading accounts can be made via a credit card such as Visa Card and MasterCard or a bank transfer on which no commission is charged. The minimum bank transfer deposit is 50 USD and the maximum is 24,000 USD.

The minimum card deposit is 100 USD and a maximum of 24,000 USD and their equivalents in other currencies like Euro, Belarusian Rouble, and Russian Rouble with a commission of 3-5%.

 Deposits can also be made in Bitcoin, Ethereum, Litecoin and Bitcoin Cash with minimum deposits of 0.002 BTC, 0.1 ETH, 0.05 BCH, and 0.2 LTC. Each and every deposit will be verified and confirmed by the client. 

Withdrawals:

Clients have the option of either transferring their withdrawals to their bank accounts or to their cryptocurrency wallets. Most times, there are some withdrawal requests that can take up to two days to process, however, Currency.com tries as much as possible to process withdrawals on time.

When making withdrawals with a credit card, either Visa or MasterCard, the minimum amount is 100 USD with a commission of 2.4% + 3 USD for Visa and 1.9% + 3 USD for Mastercard.

See Also: STS Royal Review: A Brokerage Service for Trading Crypto-based CFDs

Tokenized Securities Trading:

Currency.com is well known for its tokenized securities trading. These tokenized securities are securities that are converted to cryptocurrency tokens and are issued and regulated by local governing authorities. 

Currency.com has more than 1,300 available tokenized securities for clients and has issued over 10,000 tokenized assets such as tokenized indices like US100, tokenized commodities like gold, tokenized shares of multinational companies like Apple, tokenized government bonds like Belarus 252/USD, and cryptocurrencies like Bitcoin and other major fiat currencies.

 

Conclusions:

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Bearing in mind that an exchange that has ample knowledge and experience in the field of cryptocurrency and financial markets and is also transparent in every transaction process is just what any crypto investor, both old and new, needs in order to get the most out of any investment.

Several exchanges make unrealistic promises that seek to rob investors of their funds. Currency.com is an exchange that is built on trust and transparency and seeks to bridge the gap between the conventional fiat currency-based market and the blockchain-based cryptocurrency market.

The company is striving to become a decentralized exchange and this is clearly evident in its advanced features. Therefore, Currency.com is recommended for each and every cryptocurrency trader.

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