The U.S. Securities and Exchange Commission (SEC) is now cracking down on cryptocurrency operators, making it difficult for existing exchanges like Binance and OKX to operate in the U.S.
This has created an opportunity for newer exchanges, such as Tradecurve, to take advantage of the situation and emerge as a leading hybrid exchange. Let’s review its advantages over similar exchanges and why it pumps during a presale event.
SEC Sues Binance and Coinbase
In a landmark development in the cryptocurrency regulatory landscape, the U.S. Security and Exchange Commission (SEC) has taken legal action against two of the world’s leading cryptocurrency exchanges, Binance and Coinbase.
The legal document from the SEC outlines that Binance transferred customer funds amongst multiple companies under the control of Changpeng Zhao, Binance’s founder. The number one exchange was also accused of not registering as a legal US exchange and not abiding by anti-money laundering regulations.
The U.S. Securities and Exchange Commission (SEC) has highlighted a particularly incriminating piece of evidence against Binance: a text message sent in 2018 from the exchange’s then-chief compliance officer to a colleague. The message seems to admit that Binance was knowingly operating an unregistered exchange.
Following the announcement of the Binance lawsuit, the price of Binance Coin (BNB) dropped sharply from over $300 to $220 in a few days. Binance Coin (BNB) has since rebounded to a current price of $245, but the crypto community still remains wary of the exchange’s future.
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Website: https://t.co/uXZ4W6GEHc#TCRV #InvestNow #FinancialGrowth #GetOnBoard pic.twitter.com/1EohGtJG7f— Tradecurve (@Tradecurveapp) June 29, 2023
Tradecurve – The Hybrid Exchange Solution
The doubts about the operations of both Binance and Coinbase in the United States could present an opportunity for other players to take their place as the industry’s top exchanges. This could be where Tradecurve comes in.
So what exactly is Tradecurve? Envision it as an all-inclusive trading platform, giving people around the globe a chance to trade a wide variety of financial derivatives — all from a single account.
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The most notable element of Tradecurve is the privacy it offers users. Unlike most cryptocurrency exchanges, which tend to collect and store massive amounts of personal data, Tradecurve allows users to remain anonymous while using its services.
Tradecurve also functions as a hybrid exchange — meaning it is both a centralized and decentralized platform. This means that it has the security of a decentralized network while still offering the speed and convenience of a centralized exchange.
Setting up a Tradecurve account is straightforward. Users only need an email address to create an account, which they then connect to their cryptocurrency wallet. This simple process gives them full access to all of Tradecurve’s offerings, including the AI trading tools, 500:1 leverage, and copy trading feature.
Tradecurve is still in the pre-launch phase, but its token, TCRV, is available for purchase during its fourth presale phase at just $0.018 per token. Industry experts are forecasting a potential value of $1 per TCRV, citing that Tradecurve is a rival to the giants of the crypto space — Binance and Coinbase.
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Source: https://www.cryptonewsz.com/tradecurve-the-leading-exchange-post-binance-and-coinbase-setbacks/