There is a lot of uncertainty among RBI officials on the adoption of cryptocurrencies. The issue is still being debated, but the government clearly has mixed feelings
Last week in a meeting with the Finance Minister of the People’s Republic of China, vice premier and chief foreign affairs delegate in anticipation in anticipation of what is coming up at the World Trade Organization conference this month, Chinese Vice Premier Liu He said that digital currency mining and all related transactions are illegal. This caused a 9.26% drop in global cryptocurrency market capitalizations. Investors are moving to tokens that support decentralized trading, which often results in greater autonomy and control over their transactions. At the same time, centralized exchanges like Binance and Coinbase offer features that decentralized exchanges cannot provide.
What is DEX?
One important feature of DEX is that they are a peer-to-peer stock trading platform that cuts out the need for intermediaries like brokers, banks, or clearinghouses. This allows trade execution using smart contracts.
Decentralized or peer-to-peer exchanges are much cheaper than regular centralized exchanges, and their contracts are built around automatically executing when certain criteria are met. This gives investors a lot of flexibility with their funds, including the ability to manage wallets and private keys.
What is NASDEX?
Once NASDEX launches it will be possible to seamlessly trade stocks and cryptos using this coin in addition to fiat in any country. Its all-in-one value and ease of use make it a desirable token in today’s market.
At first, NASDEX will launch trades for tokenized Asian equities for their investors. There are some with a market cap of around $30 trillion. As a NASDEX token holder, you will also share in the profits of the NASDEX platform. And don’t forget that our token holders also receive governance rights to help make decisions about what content to add!
With tokenization, traders and investors will finally be able to sell stocks 24/7, trade them quickly & easily, and buy fractions of shares in their favorite companies. NASDEX will compensate you for the gas you use by rewarding you with liquidity rewards and making new tokens. NASDEX is set to grow and include more markets around the world. With a combined market cap of $100 trillion, it’s on the right track.
Lionel Iruk, Special Counsel at Starter said “Cryptocurrencies are an emerging asset class becoming more and more popular every day! They’ve grown rapidly but don’t offer many investment opportunities in comparison to traditional investments like stocks and bonds, NASDEX has benefits for both new and experienced investors alike – it brings together the best of both worlds.”
With this platform, Connecting your crypto and brokerage accounts will make it easier to enter into trades, manage balances across both portfolios, and increase the likelihood of successful investing. The NASDEX platform provides a seamless experience for rebalancing any portfolio that includes both securities and cryptocurrencies.
“An inevitable consequence of crypto projects is that they are making their way out of the crypto world and into the real world. This has increased the total addressable market (TAM) for these companies and with it, investors have more potential to reap huge rewards,” said Josh Du, Chief Investment Officer at NASDEX. “Innovations in Defi and blockchain have the potential to create a product for a large, new market. One of these is NASDEX that connects the crypto world and the Asian equity world.”
Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.