Crypto Is Leaving the US: Are DeFi Trading Exchanges the Future of Crypto Trading?

Crypto Is Leaving the US

The SEC sued Coinbase on June 6th, alleging that the company operates as an unregistered broker, while Asia and the rest of the world open their doors to crypto. Tradecurve is an all-in-one decentralized trading platform designed to revolutionize the way we trade and offers a seamless fusion of the best aspects of centralized and decentralized exchanges.


SEC Crackdown Moves the Markets

According to the SEC, Coinbase’s brokerage services and the offered staking pools and opportunities violate securities laws. Naturally, Coinbase promptly took legal action and denies the SEC’s accusations. CEO Brian Armstrong is preparing for a fight over the rights of cryptocurrency exchanges in the U.S. and stated at a Bloomberg conference last month that “the company had approached the SEC about becoming fully registered for all the services it offers but received a chilly reception from Gensler.”

The SEC uses the Howey test to determine if an asset qualifies as a security, which is primarily defined by three factors: is it an investment in a common enterprise, does the investment offer expectations of returns, and is it dependent on the work of others. This test recently included dozens of coins and tokens on the SEC’s list, including major blockchain projects like Cardano and Solana.

The SEC argues that if these issued coins can be traded with the expectation of profit, then they qualify as securities. So far, BTC is the only coin that has passed the Howey test and is classified as a commodity.

According to a survey by Grayscale, around 79% of Americans are looking for “clearer regulation” when it comes to crypto, and Coinbase is increasing its investments abroad where regulations are more straightforward. Cryptocurrencies are gaining popularity in Japan, South Korea, and Hong Kong, leading the charge. 

Singapore has implemented domestic regulations through the Payment Services Act 2019, and the United Arab Emirates recently announced a new regulator for virtual assets. The European Union has MiCA in place to bring crypto assets under securities regulation in the EU.

However, despite these significant global movements, none of the aforementioned approaches address the exchange issue like the SEC does. It seems that we have reached a crossroad, and it remains to be seen how much the SEC intends to crack down on cryptos and whether emerging economies can serve as fertile ground for cryptocurrencies, exchanges, and new technologies.

Tradecurve Offers an Alternative

Tradecurve is a hybrid all-in-one trading platform that aims to combine traditional markets with crypto exchanges. Tradecurve offers unlimited accessibility, transparency, and low trading costs.

What sets Tradecurve apart from its competitors is its trading accessibility for everyone, as no KYC is required, and the registration process is simple with just an email address. As an all-in-one solution, Tradecurve provides access to forex, stocks, commodities, bonds, ETFs, indices, cryptocurrencies and more.

With no minimum deposits and the ability to use the coin of your choice as collateral, Tradecurve caters to a wide user base regardless of their financial backgrounds. The self-custodial solution provides traders with enhanced security and significantly reduces trading costs. 

TCRV, issued on the Ethereum blockchain, has undergone a smart contract audit. Tradecurve places a strong emphasis on transparency and fair pricing to ensure market fairness, asset security, and accurate trade execution.

The platform incorporates advanced trading tools, educational resources, and AI-integrated algorithmic trading systems, along with social trading.

Tradecurve’s plans for 2023 include listing on Uniswap, CoinMarketCap, and CoinGecko, launching the desktop Tradecurve platform, and initiating the development of the Trading App for iOS & Android.

Tradecurve’s native token, TCRV, currently trades at a presale price of $0.18, and will shortly increase by around 40% as it enters stage 5 of the presale at $0.025.

To find more information about Tradecurve and the TCRV token, visit the links below:

Click Here For the Website

Click Here To Buy TCRV Presale Tokens

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