Press "Enter" to skip to content

LevelTradingField To Roll Out Crypto Derivatives Exchange

LevelTradingField, the interactive financial markets technology service, is rolling out a cryptocurrency derivatives exchange employing the ethereum blockchain. Named as CADE, the service is set to go live from September 2018. It will list ERC-20 tokens that track ether, bitcoin, bitcoin cash, litecoin, monero, and ripple. The tracking will be done on a rolling basis, as per a media report published last week.

These tokens will permit traders to harvest the economic advantages of crypto investment without essentially owning any of the digital products. All CADE’s derivative tokens are to be price-tagged in LUSD, a stablecoin guaranteed by the firm and pegged to the U.S. dollar. The media report notes that this type exchange might be employed in a number of advantageous manners, not just for traders of cryptocurrency, also but long-term investors and miners.

Conversely, the launch also sees that CADE will only accept members who have productively passed via a robust compliance structure so as to make sure that anti-money-laundering and know-your-customer standards are maintained.

Last year, the firm rolled out a Bitcoin Market Predictor enticing members to gamble on the future cost movements of bitcoin in a fantasy sports betting similar to a game. More lately, LevelTradingField also declared a new joint venture with NetXpress (global connectivity provider) to sport a cryptocurrency feed for consumers merging data from primary cryptocurrency exchanges.

Speaking of bitcoin, last week ICE (Intercontinental Exchange) declared plans to make a new firm, Bakkt. This was done with the aim to generate a regulated and open global bionetwork for digital properties. The new firm is anticipated to work with a marquee group of agencies that comprises Microsoft, BCG, and others including Starbucks. The new company will work with abovementioned organizations to come up with an incorporated platform that will ease the storing, trading, and spending of digital properties.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *