As a seasoned researcher with over two decades of experience in the financial industry, I must say that the launch of Figure Markets’ global crypto exchange is undeniably a game-changer. Having witnessed the evolution of traditional finance and the advent of decentralized technologies, I am particularly intrigued by this innovative platform that promises to democratize finance through blockchain.
Singapore, Singapore, September 18th, 2024, Chainwire
A newly launched international cryptocurrency platform provides a competitive edge with high leverage and the opportunity to earn returns from cash and stablecoin deposits, potentially providing users with as much as 8% interest.
In simple terms, Figure Markets, a prominent platform for managing digital assets in a decentralized manner, has launched its international cryptocurrency exchange situated in the Cayman Islands. This new platform comes packed with numerous innovative features and chances to generate income from your digital assets. One of the exciting additions is a yield sweep available to eligible users worldwide on their cash and stablecoin balances, which can offer rates as high as 8% per year. Additionally, U.S. residents could potentially earn up to 3% annually on their USD balances kept in an FDIC-insured bank.
After debuting in the U.S. in August, Figure Markets’ international crypto exchange, licensed in the Cayman Islands, continues its commitment to making finance accessible for all by offering strong trading opportunities and sophisticated financial tools to global users. The worldwide platform aims to improve trading through features like high cash margin, a decentralized asset custody solution, and cross-collateralization that empowers users to manage their assets and minimize risks typically associated with centralized exchanges.
Mike Cagney, CEO and Co-Founder of Figure Markets, stated, “We’re dedicated to rectifying past mistakes and equipping users with trading, borrowing, and investment tools on our platform, all while reducing exchange risk. This worldwide expansion is a significant step for us in tackling problems stemming from centralized exchanges and ensuring fairness for all traders. We are constructing a financial system where everyone has the chance to become an stakeholder.
Cash yields on non-USD and stablecoin balances are derived from an innovative fund backed by real-world assets on blockchain. The fund operates with daily liquidity and automatic sweeps to ensure user funds are always working to generate returns.
June Ou, President of Figure Markets, announced with enthusiasm a new feature designed specifically for our members. This groundbreaking aspect enables users to earn substantial returns from their idle funds, all while reducing trading obstacles. In essence, we’re helping our traders maximize their capital and improve their overall trading journey.
About Figure Markets
Figure Markets is making finance accessible to all by using blockchain technology. They’re creating an all-encompassing exchange – a decentralized platform for storing and trading cryptocurrencies, stocks, bonds, credit, and more. The company aims to provide top-tier borrowing options, leveraging, and liquidity on this exchange, while also offering exclusive investment opportunities to its members. Figure Markets empowers its users by giving them control over their assets and data, effectively cutting out traditional brokers, exchanges, and lenders from the equation.
Figure Markets boasts support from prominent venture capital investors and strategic allies, such as Jump Crypto, Pantera, Distributed Global, Faction Lightspeed, NewForm Capital, and CMT Digital. The company was established by an experienced group of entrepreneurs and professionals hailing from Traditional Finance (TradFi), fintech, and Decentralized Finance (DeFi), with Mike Cagney and June Ou being key figures among them.
Learn more at www.figuremarkets.com.
Contact information
Paula Machado Jackler
Director, Marketing
Figure Markets
press@figuremarkets.com
Contact
Paula Jackler
pjackler@figuremarkets.com
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2024-09-18 06:44