Currency.com Overview
Currency.com is a regulated tokenized securities exchange that offers a comprehensive platform for trading cryptocurrencies and over 2000 tokenized assets, including stocks, indices, commodities, and FX pairs with both crypto and fiat options. The platform is registered in Gibraltar, authorized by the Gibraltar Financial Services Commission, and recognized by regulatory bodies in Canada and the USA.
Tokenized Securities Exchange
Currency.com distinguishes itself as a "tokenized securities exchange," allowing users to trade non-crypto assets, such as stocks (e.g., Apple, Amazon), indices (S&P 500, Dax 30), and commodities (Crude oil, Gold) in a tokenized form. This unique feature enables users to engage in trading without the need to convert cryptocurrencies into fiat currency, providing potential benefits, especially from a tax perspective.
Regulatory Compliance
Currency.com is registered with the High Technology Park of Belarus, a European blockchain regulator, emphasizing its commitment to regulatory compliance. The platform expanded its global presence significantly from 2019 to 2020, catering to clients from 69 countries in 2019 to 152 countries in 2020.
Trading Volume and Supported Currencies
As of the last update in December 2021, Currency.com boasted a 24-hour trading volume of USD 323 million, with major cryptocurrencies listed on the platform. The exchange supports four fiat currencies: USD, EUR, RUB, and BYN.
Geographical Restrictions
Currency.com is not accessible to residents of the United States and several other countries, including Botswana, Bahamas, Cambodia, Ghana, Iran, Syria, and Pakistan, among others.
Leveraged Trading
One notable feature of Currency.com is its provision for leveraged trading across various asset classes. Users can take advantage of leverage with different levels for tokenized stocks, cryptocurrencies, commodities, indices, and currencies. Notably, leverages can go up to 500x for tokenized currencies, and certain cryptocurrency pairs offer leverage options with guaranteed stop-loss.
This comprehensive overview outlines Currency.com's unique positioning as a regulated tokenized securities exchange, its global regulatory compliance, and features like tokenized securities trading and leveraged trading options.
