5 months ago
57
The post Institutional Trading Platform ETFSwap (ETFS) Soars As Global Banks Are Urged To Accept Crypto appeared first on Coinpedia Fintech News
Cryptocurrencies have come a long way since their introduction into the financial landscape, as they have now gained legal recognition in many regions, with major institutional trading platforms such as ETFSwap (ETFS) seeing rapid adoption as a result.
With crypto adoption growing, global banks are being encouraged to accept crypto, as the industry can no longer be ignored.
Expert Urges Global Banks To Embrace Crypto
On May 6, 2024, at the Bank For International Settlement (BIS) Innovation Summit, Joachim Nagel, a member of the European Central Bank and head of Deutsche Bundesbank, reinforced the need for global central banks to embrace digital assets.
Nagel believes it is important to stay competitive as the shifting financial landscape continues to threaten traditional banking models.
Amidst this recent development, an institutional trading platform, ETFswap (ETFS), has gained added recognition with its innovative approach to trading ETFs and its ongoing landmark presale.
Institutional Trading Platform Leads With Tokenization
ETFswap (ETFS) is an institutional trading platform that aims to reshape the trading of exchange-traded funds (ETFs) through the tokenization of assets. The platform intends to create a tokenized version of ETFs on-chain, bridging the gap between decentralized and traditional finance.
The tokenized ETFs will be available for trading on a Web3 marketplace that facilitates transactions without the need for third-party approval. Further, the institutional trading platform prioritizes user privacy, enabling them to carry out transactions anonymously on their platform through the on-chain anonymity protocol known as Zero Knowledge Proofs (ZK).
Also, as an added security layer, the platform smart contract has been audited by Cyberscope, a world-renowned blockchain security expert. After a thorough audit, Cyberscope found no underlying conditions that could make the platform vulnerable in the future to all forms of cyber attacks.
Also, traders will benefit from the ETF Finder, a tool that helps to outline all ETFs applicable in their regions and have marketing permissions. That way, they will be able to abide by governmental regulations regarding trading ETFs. As a DeFi platform, new users will have the opportunity to access this platform without having to fill out a Know Your Customer (KYC) form, which often involves disclosing sensitive information online.
At the core of this project is its native token ETFS, which will serve the purpose of governance and utility. It will create access to trading tokenized ETFs and give holders voting rights regarding decisions made on the platform.
One unique thing about the token is its deflationary structure, which means its supply will continue to decrease, creating a scarcity that will boost its value and help it remain relevant in a competitive market.
ETFSwap (ETFS) Private Sale Success And Ongoing Presale Event
ETFswap (ETFS) held a private sale event to introduce its platform and native token to select investors. By the end of the sale, five investors who were impressed with its long-term potential invested $750,000. The private sale was followed by the public sale, where ETFswap (ETFS) offered the token at a low price of $0.00854 per coin in stage 1.
Investors need to buy it at this stage as not only will it be sold at a higher price of $0.01831 at stage 2, but all stage 1 participants will make profits on their investments. All the funds realized from the private sale, ETFswap (ETFS), have also been allocated to accelerating the launch of its platform. Following its launch, the platform intends to partner with titans in the DeFi sector to further advance the growth of decentralized finance.
Experts are also optimistic that ETFS has the potential to surge by 20,000% after launch, resulting in a 200x yield for early investors. The optimistic outlook of experts and the enticing features have made both large and small investors eager to lay their hands on this token, pushing the current sale to over 60 million tokens.
You, too, can be among these savvy investors today if you buy ETFS at presale and increase your chances of getting a 200x yield on your investment.
For more information about the ETFS Presale:
English (US) ·