When will crypto be legal again?
A few weeks ago, we reported on the emergence of a new type of blockchain currency, which was dubbed “Turing” (Turing-complete) and which was created with the support of IBM and Intel.
A few months later, the Turing-complete currency is already circulating in markets like India, and we are seeing a new wave of crypto-assets and trading platforms appear around the world.
One such platform is CoinMarketCap, which has recently announced its launch of a “blockchain-powered digital currency trading platform”.
According to CoinMarketcap, the platform is built on the open-source Bitcoin protocol and aims to provide users with an efficient trading platform for crypto assets.
CoinMarketCaps CEO and co-founder, Nick Szabo, stated: “The market has been growing exponentially and we wanted to create an innovative and safe alternative to the traditional financial services market.
Bitcoin and blockchain technology have been around for a while now and we felt that crypto-currencies could help address this problem.”
The platform offers a trading platform which will allow users to trade tokens, such as ethers and bitcoin, in a transparent and safe way.
Users can also add their own token, called a “bond” which can be exchanged for bitcoin or other crypto-currency.
The platform is currently in its early stages, and will eventually be able to allow trading in cryptocurrencies and currencies with the use of tokens.
Users are able to buy and sell securities on the platform, and users can also buy and trade fiat currencies such as the Euro and Yen, among other options.
According to Szabo and his co-founders, the goal of CoinMarketCapital is to offer users a safer and more efficient alternative to traditional financial institutions.
They believe that it is a safe and efficient way to trade cryptocurrencies and other cryptocurrencies for fiat currencies, since cryptocurrencies are currently used by thousands of individuals all over the world, and the volatility and price fluctuations of cryptocurrencies make it difficult to trade them in the real world.
“It will be a huge challenge for traditional financial organizations to implement the technology, and so we wanted the platform to be available to the public, free of charge, so people could trade cryptocurrency for fiat currency,” Szabo said.
“So, we are launching this platform for people who want to invest in crypto-credits, because if people are trading cryptocurrencies for bitcoin and other crypto currencies, there is a lot of risk and there is an upside in the markets, which we hope will help people diversify their portfolio.”
The main reason for the launch of the platform and its launch in India is to enable users to buy, sell and trade cryptocurrencies in the market, and also to provide a platform for users to manage their investments.
Szabo stated that they are “not planning to raise money from the market” as of now, but are looking to raise capital for the project in the future.
CoinmarketCap is not the only cryptocurrency trading platform that is launching in India.
Other cryptocurrencies that are being traded in the Indian market include Ether, Litecoin, Bitcoin Cash, Dogecoin and Dogeza.
“As we are growing, we want to increase the number of users who can participate in this market.
It will be interesting to see how the market evolves in India and other markets in the coming months,” Szabo said.
CoinCap is the first crypto-trading platform to launch in the country, and it will be an interesting test for the future of cryptocurrency trading in India, as the market is not yet well-known.
Coin-trader and author of the book “Crypto Trading” David Pogue, said that he believes that the cryptocurrency market is growing at a fast pace.
“The price of cryptocurrencies has risen significantly in the last few months, which is a huge achievement for the cryptocurrency community.
This is good news for the market because it will help the crypto community to grow and to expand its ecosystem,” he said.
The launch of CoinCap has created a stir among cryptocurrency enthusiasts, who are now wondering if the Indian trading platform is a good investment.
In the past, we have seen a number of major cryptocurrency exchanges fail to make money on their trading platforms, which prompted the cryptocurrency enthusiasts to invest heavily in alternative exchanges and tokens.
“When the crypto market is still growing and has a lot more liquidity, it is not always a good idea to invest your money into traditional investment channels, like ETFs, mutual funds and even fiat currencies,” Pogue said.
As the cryptocurrency landscape continues to evolve, it will only become more important for crypto traders to invest their capital into more established financial institutions to diversify the portfolios and increase the trading volume of their funds.
We hope that by adding new crypto-markets in India we can provide more liquidity to the market and make it more viable.