IMF developing a global crypto platform, Tradecurve launching a global hybrid exchange
The International Monetary Fund (IMF) aims to revolutionize the global financial landscape and has made the first steps toward the creation of a globally interoperable cryptocurrency platform that can fundamentally shift how users view and utilize exchanges.
However, a competing platform known as Tradecurve does things differently by enabling fully borderless access to cryptocurrencies and derivatives for anyone, from anywhere, with a complete level of anonymity. We will dive into both projects to see which one stands out the most.
IMF begins work on a global Central Bank Digital Currency platform
The project is aimed at providing an environment responsible for the promotion of financial inclusion, which also enhances the efficiency of payment systems and expedites cross-border payments and remittances.
Central Bank Digital Currencies (CBDCs) are a digital form of a country’s FIAT currency, and the goal here is for them to aid anyone that is currently excluded from the financial system. CBDCs can fortify the resilience that payment systems feature by providing quicker, cheaper alternatives to cross-border transactions.
The IMF’s managing director, Kristalina Georgieva, highlighted the need for a collective approach towards CBDCs at a recent conference for African central banks. The IMF is urging central banks to agree on a universal regulatory framework as well, involving digital currencies. The new global crypto platform can pave the way for digital payments, but this is not the only product and service aiming to do so.
Tradecurve to launch a hybrid exchange for Crypto and derivatives trading
Tradecurve is an emerging player in the online trading sector, and it is currently undergoing its presale run with the TCRV token. It offers a unique value proposition to investors as it combines derivatives and crypto trading within a single platform.
This is an innovative approach that has gained a lot of attention, and one of the key driving factors to its current success has been its privacy-focused approach.
The platform completely eliminates any sign-up KYC checks and ensures an entirely private trading platform. Users on a global scale are able to trade all derivatives from a single account just by opening an account using any email, making a crypto deposit, and using that deposit as collateral when trading.
This makes it one of the most private trading environments in the market, but it doesn’t stop there, as it will also implement Proof of Reserves (PoR) to further instill confidence in its users.
While many CEXs like Binance, Kraken, Coinbase, OKX, and others have mandatory KYC requirements, high fees, and restrict users from specific parts of the world, Tradecurve lets anyone, even the unbanked, access to different types of investments, opening the market to everyone.
Other features that help Tradecurve stand out include its high leverage, starting at 500;1, offering amplified opportunities, the dedicated Trading Academy aimed at teaching newbies everything they need to know, and AI-driven trading that can help traders optimize and automate their portfolio.
At the core of this platform is the TCRV native token that unlocks perks for investors, such as access to VIP status, passive income through staking, governance voting rights, and much more. The project is at Stage 4 of the presale, where 1 TCRV token is worth just $0.018. Based on the current market momentum and speed at which the presale is selling out, analysts predict a 50x climb during the presale, with a 100x climb at launch, especially as TCRV will get listed on Tier-1 exchanges and on Uniswap.
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