Covesting is the new and fully regulated crypto exchange and trading platform the world has been waiting for, and its due to launch this month in September.
The launch of Covesting signifies the shift in the cryptocurrency industry who are now accepting - and rather welcoming a regulated framework to come into effect, understanding that it is essential in order to expand the market and access a wider range of investors and businesses.
According to Covesting CEO - Dmitrij Pruglo "There’s over 80 trillion dollars in managed assets globally that are sidelined waiting for regulation to occur before investing in blockchain and cryptocurrencies”.
Covesting will be the first cryptocurrency exchange to receive a Distributed Ledger Technology license (DLT license) from the Gibraltar Financial Services Commission (GFSC). To obtain a DLT license a company must first prove that they are taking the necessary actions to protect investors assets from corrupt actors, and that they have the skills, resources, and experience required to operate and sustain a successful business model in a way that is beneficial to its users.
Furthermore, by obtaining a DLT license Covesting is qualified to work with banks and effectively offer fiat on-ramps so investors and traders can easily buy BTC/ETH/COV, etc., with a credit/debit card or via a bank wire.
Covesting is set to raise the bar of the blockchain industry and become one of the worlds most trusted and reliable cryptocurrency exchanges and trading platforms.
The launch of the final Covesting platform will be released in stages to ensure a smooth transition and faultless delivery, while the team meticulously monitor each and every individual aspect of the platform as it goes live. The full launch will introduce all 90+ cryptocurrency pairs, Copy-Trading, followed by a huge list of features: including algorithmic trading, derivatives, advanced order types, new social features etc.
To find out more about the Launch, read about it on the Covesting Medium Blog here.
Or head to Covesting.io and check it out the platform for yourself.
