Throughout 2018, the cryptocurrency market waited with bated breath for the first Bitcoin Exchange Traded Funds to be approved. If approved, ETFs would have allowed international commodity market traders to invest in Bitcoin just like regular stocks.

Sadly, the last viable Bitcoin ETF application has recently been withdrawn by the Chicago Board Options Exchange.

As a new multi-asset trading platform, UPROSE Finmart is stepping in to bridge the gap between the crypto-coin market and traditional commodity markets.

Multi-Asset Trading Platforms are the Future

Up until recently, cryptocurrency advocates have been eagerly waiting for institutional investors to enter the cryptocurrency market. However, as a multi-asset trading platform we believe that broader cryptocurrency adoption can only be achieved by directly incentivizing investors.

What is a Multi-Asset Trading Platform?

A multi-asset platform is a crypto-coin, stock, forex and commodity platform. Instead of exclusively trading altcoins or commodities like crude oil, multi-asset platforms allow users to trade cryptocurrency for conventional commodities, stocks, fiat and vice versa.

- Multi-asset exchanges support cryptocurrency, FX trading, stocks and regular commodity trading - Pairing the crypto-coin market with the international stock, forex and commodity market will help hasten broader cryptocurrency adoption - Multi-asset trading platforms will make it easier for new-to-market investors to enter several markets simultaneously

In simple terms, multi-asset trading platforms will allow users to instantly trade coins like bitcoin for precious metals, foreign currencies, stocks, and several other commodities. Multi-asset platforms will also make it far easier for commodity and forex traders to invest in cryptocurrency. However, these aren’t the only benefits.

Multi-Asset Trading Benefits

At present, top crypto-coin market exchanges like Coinbase, limit how much cryptocurrency can be exchanged and liquidated at any one moment. Other platforms like Binance don’t support fiat cash withdrawals at all. This makes it difficult for cryptocurrency traders to liquidate assets during volatile trading periods.

As a multi-asset platform UPROSE plans to change this. Instead of physically liquidating assets, traders will be able to instantly exchange digital assets for foreign currencies, stocks and potentially more stable commodities like crude oil.

- Multi-asset trading platforms can lower risks associated with both Cryptocurrency and FX trading - Platforms allow Cryptocurrency, Forex, Stocks and Commodity traders to diversify their portfolios - Multi-asset trading has the potential to reduce broader Cryptocurrency market volatility

Using a multi-asset trading platform can also help regular stock, forex and commodity traders’ lower transaction fees. Specifically, by allowing traders to trade a wide variety of tokenized asset classes without a need for an intermediary.

Using a multi-asset trading platform can also help regular stock, forex and commodity traders’ lower transaction fees. Specifically, by allowing traders to trade a wide variety of tokenized asset classes without a need for an intermediary.

UPROSE FINMART