image 172The adoption of cryptocurrencies is increasing around the globe as new territories are now paying attention to the nascent industry. In Brazil, Mercado Bitcoin has received a license to allow the exchange to operate as a payment institution. Meanwhile, a major competitor of the exchange, Tradecurve is about to revolutionize the space, introducing a platform where users can trade derivatives and crypto from a single account.
Mercado Bitcoin Receives License from Brazil’s Central Bank
The biggest cryptocurrency trading platform in Brazil, Mercado Bitcoin, has been issued a license by Brazil’s central to operate as an authorized payment institution. Mercado Bitcoin now operates under the status of an electronic money issuer. Mercado Bitcoin allows users to deposit in the Brazilian Real (BRL) deposits and trade a few of the most popular cryptocurrencies.
According to Roberto Dagnoni, Mercado Bitcoin’s CEO, the license is part of the company’s plan to expand its business. Using the license, the crypto exchange plans to offer a “more complete experience” to its customers in Brazil.
Before receiving this approval, Mercado Bitcoin operated MB Pay, a digital account that allows users to purchase digital assets and invest in digital fixed income and different asset classes. MB Pay already has more than four million customers.
Challenger, Tradecurve to Offer Trading Derivatives and Crypto
While Marcedo Bitcoin offers support for the more popular digital assets, its competitor, Tradecurve is taking it a step further as it would allow users to also trade derivatives from the same crypto account. The aim of Tradecurve is to bring the inclusion of global financial instruments to the crypto space, by allowing users to trade a wide variety of assets from a single account.
On Tradecurve, users will be able to trade stocks, options, CMDs, ETFs, and more. In addition, they will also be able to use the digital assets in their accounts as leverage to trade all these financial instruments. By doing so, cryptocurrency traders will no longer need to open multiple accounts with trading platforms as all the assets they need can be accessed on Tradecurve.
More features you can find on Tradecurve that are lacking in Mercado Bitcoin include negative balance protection, very low fees, self-custody for users, high leverage starting from 500:1, algorithmic trading, copy trading, and a metaverse academy. The platform has been tipped by market analysts to become a top 3 crypto exchange as its adoption rises.
Market analysts have predicted that Tradecurve has the potential for exponential growth as it combines the $632 trillion over-the-counter (OTC) derivatives market, the forex market with a $7.5 trillion daily turnover, with the fast-growing cryptocurrency market. Early predictions put Tradecurve at 50x while in presale and up to 100x when it is launched. Now in the third presale phase, you can buy a TCRV token for as low as $0.015.
For more information about the Tradecurve presale:
Click Here To Buy TCRV Presale Tokens
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