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Homeweb3.0Figure Markets Exchange Unveiled: A Decentralized Custody Marketplace for Digital Assets

Figure Markets Exchange Unveiled: A Decentralized Custody Marketplace for Digital Assets

Aug 09, 2024 am 12:48 AM
Decentralized Custody Democratized Prime Brokerage

This exceptional exchange offers unparalleled features and advantages, establishing a groundbreaking benchmark in digital asset trading.

Figure Markets Exchange Unveiled: A Decentralized Custody Marketplace for Digital Assets

Figure Markets, a renowned company in the realm of digital assets, has recently unveiled an exceptional exchange, aptly named Figure Markets Exchange. This decentralized custody marketplace for digital assets is set to revolutionize the trading landscape with its groundbreaking capabilities.

The company's ambitious vision is to create a comprehensive platform that seamlessly facilitates trading across a vast spectrum of assets, ultimately aspiring to become the definitive "exchange for everything." This groundbreaking exchange was initially launched as a US-based entity, with preparations already commencing for the establishment of an offshore exchange later this year.

As the exchange evolves, it will transition to a membership model, where esteemed members will be presented with the unique opportunity to earn money while trading, rather than incurring commissions. These members will also enjoy discounted borrowing rates and a host of other exclusive advantages.

Currently, the Figure Markets Exchange boasts a range of distinctive solutions and capabilities, including:

“We are delighted to introduce a best-in-class, decentralized custody exchange to the market,” said Mike Cagney, CEO and co-founder of Figure Markets. “From enabling retail investors to participate in the SOL auction to opening up trading in FTX bankruptcy claims, we're leveling the playing field in crypto and avoiding the mistakes of the centralized exchange bankruptcies.”

notably, the exchange will leverage HASH ownership, the utility token from Provenance Blockchain, to establish member tiers and cover exchange fees as the exchange expands in the future.

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