After the United States cracked down on crypto entities, Hong Kong extended efforts to become the next cryptocurrency hub. Finally, some positive news for crypto traders as Hong Kong started supporting traders and Tradecurve hybrid exchange to launch its Trading Academy. Today we will explore everything traders need to know surrounding these developments.
Hong Kong Extends Support For Cryptocurrency and Crypto Services
Hong Kong urged banks to provide services to licensed, virtual-asset firms as part of their overall push towards becoming a crypto hub. This greatly contrasts the United States’ crackdown on the digital-asset sector.
According to the Hong Kong Monetary Authority, banks should support regulated, virtual-asset businesses with their legitimate need for bank accounts. Deputy Chief Executive Arthur Yuen signed the statement.
The statement also noted how lenders need to train staff and form dedicated teams to support the digital-asset sector while avoiding a wholesale de-risking approach that can turn away new industries or specific nationalities. As a result, Tradecurve is now confident to launch its Trading Academy.
Tradecurve (TCRV) To Launch Trading Academy
Tradecurve is a hybrid exchange that utilizes a new, innovative approach to educating people on everything they need to know about cryptocurrencies before making the first trade. On competing exchanges like Binance, Kraken, and OKX, traders are typically greeted by complex user interfaces, high commissions, and a mandatory need to complete a Know-Your-Customer (KYC) procedure.
The team behind Tradecurve is aware of this and is taking a different approach to their exchange. Tradecurve brings the best elements of CEXs and DEXs together to form a platform where users are not required to complete KYC, one with the lowest fees, and a platform with a dedicated Trading Academy. Through this academy, users will learn everything from trading basics to how the metaverse works.
Moreover, the team will also implement Proof of Reserves (PoR) to bolster transparency. As regulators globally have made it difficult for retail traders to access leveraged products and advanced trading tools, Tradecurve enables trading cryptocurrencies and any other derivative. The permissionless platform lets users connect their cryptocurrency wallets, deposit crypto, and trade freely, with deep liquidity across thousands of assets.
As for the value of the TCRV utility token, as of May 24, 2023, it is at Stage 2 of its presale. During this time, the value of the token is at $0.012. Analysts predict that TCRV can climb in value by 50x during the presale and by 100x during the launch.
At Stage 3, the value of TCRV will increase to $0.015, which is a 25% increase. As a result, traders will want to get into the project early to get the most out of it
For more information regarding Tradecurve’s presale, see the links below:
Buy presale: https://app.tradecurve.io/sign-up
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