Ripple is pressured by the SEC and regulation, but fights on with some good news from the recent case update. Tradecurve offers something new to the crypto industry, a decentralized trading platform that gives people access not just to crypto but a wide range of financial instruments, helping people who are currently barred due to country specific regulations.
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Ripple holders are happy today
It’s not really clear why the SEC’s Gary Gensler seems to hate crypto so much, though some may speculate that he sees it as a challenge to the US central bank, the Federal Reserve, or perhaps to the sovereignty of the dollar. Either way, Gensler’s anti crypto stance has led him to state that Ether and even Bitcoin are securities, despite the fact that they don’t match the criteria listed in the Howey test.
The poster child for his anti crypto stance is shown by the SEC vs Ripple case. The status of whether Ether and Bitcoin are securities or not, will go a long way in deciding whether Ripple is also considered a security.
Clearly, Gensler differs from the former Director of the Division of Corporation Finance, Bill Hinman, who stated in a speech that Bitcoin and Ether were not securities. This is important for Ripple as it contradicts what Gensler has said and indicates that the SEC seem to be making things up as they go along.
In a bullish move for Ripple, Judge Anna Torres said that Hinman’s speech could be admitted as evidence for the SEC vs Ripple case, and this has given a lot of hope to Ripple holders. We have to question a world where the SEC was trying to seal off his speech so that it could not be considered evidence, but with Torres’ declaration, many feel justice is now being served.
Tradecurve helps people to avoid stringent regulations by being fully on chain
Regardless of whether Ripple win or lose, XRP holders are going to need somewhere else to put their money soon, either because they can finally take profit after the long lawsuit, or because they need to find an alternative investment and trading method that is not hampered by regulations.
Tradecurve offers a hybrid and permissionless trading platform that is on-chain, meaning that anyone can access it, regardless of their country’s regulations. KYC is not needed and so people can trade anonymously.
Leverage is an important part of many traders’ strategies, and Tradecurve will offer leverage starting from 500:1, something virtually unheard of in the crypto world. They can do this by allowing people to deposit crypto as leverage. Unlike traditional exchanges where you can end up owing a lot of money through a bad trade, Tradecurve has negative balance protection in place.
They aim to be a challenger to the likes of Robinhood and Etoro, but in a decentralized way, rather than centralized. The benefit is that the collateralized crypto will remain fully under control of the client, as the client will control their encryption keys, something impossible with CEXes.
TCRV is their token and it’s in presale at the moment, in the second stage. TCRV is currently priced at $0.012 and experts forecast that a rise to $5 is possible and even likely.
It’s worth thinking about Binance’s BNB ico in 2017 where BNB went for sale at $0.11. Given that BNB currently trades at well over $300 per coin, it’s obvious just how much potential Tradecurve’s new platform and token could have.
For more information about the Tradecurve presale:
Click Here To Buy TCRV Presale Tokens
