FXPIG Launches Cryptocurrency Project

CoinMetro is preparing to launch an ICO in the coming weeks to fund the project

Following up on the growing ICO trend in the industry, FXPIG’s team is announcing an ICO project. The company has become the latest to venture into the space of tokenisation of a digital ecosystem with its project CoinMetro Exchange.

Commenting on the news, the CEO of FXPIG, Kevin Murcko, said: “Mass adoption of cryptocurrencies needs a marketplace that is accessible to all. Even for tech-savvy people, it can be a daunting task to purchase their first Bitcoin. We want to change that.”

Coming with a raft of experience from the traditional trading industry, the project wants to facilitate investments in crypto assets. On the heels of massive price gains, more and more brokers have been pursuing tokenization projects.

CoinMetro will be sharing a number of team members with Vanuatu-regulated brokerage FXPIG.

ETFs and ICOs

CoinMetro Exchange aims to build a trading platform that is similar to traditional investing methods but adapted to the cryptocurrency world. Additional features like professional asset management and ETFs appear to be the most differentiating approach when compared to other trading platform tokenization initiatives.

The FXPIG team is working on the integration of blockchain-based digital assets into more traditional markets where trading has already been popularized.

CoinMetro Exchange aims to bridge a cryptocurrency exchange with a trading platform and an ICO platform.

With the company’s tokenized asset management system, CoinMetro explains that its clients will be able to directly invest with a professional asset manager, whose performance is verified. Managers will be profiting from dividends when they successfully increase the value in the accounts of the investors.

Investors using the CoinMetro Exchange will be able to shift funds between managers, and crypto or fiat assets. The company is also planning to implement a debit card that allows withdrawals worldwide.

Baskets of digital assets structured in a similar way to ETFs will also be available. The resulting products will be traded live on the CoinMetro Exchange. Assets may be structured into different industry baskets such as healthcare, IoT, communication, or finance. Alternative investment funds that are grouped into risk profiles will also be made available.

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CoinMetro’s approach to ICOs is to enable only vetted companies access to the platform. 

“The crypto space is evolving at a feverish pace, expanding into an ever-growing list of industries embracing blockchain. However, like most industries that begin to expand quickly into the public consciousness, it needs structure and guidance,” Murcko explained.

Source: financemagnates.com