Press Release
With The Cryptocurrency Market Historically Tumultuous, Regulated Futures Brokers Like EdgeClear May Offer More Security Than Their Spot Counterparts
–News Direct–
By Austin DeNoce, Benzinga
The cryptocurrency market has been a rollercoaster of innovation and growth, but it's not without its share of pitfalls. National Futures Association (NFA), the self-regulatory organization for the U.S. derivatives industry, does not have regulatory oversight of the spot virtual currency. This lack of regulation for many crypto exchanges has led to significant risks for investors, including the insolvency of major platforms often resulting in frozen or lost funds. This situation is akin to the shock of finding one's bank account locked, yet it stems from insufficient oversight indirectly permitting risky operational practices that can lead to liquidity crises or shutdowns on the basis of regulatory non-compliance.
Advantages Of Futures Exchanges
Unlike the largely unregulated crypto spot exchanges, futures exchanges offer a secure and stable trading environment underpinned by regulatory bodies like the Commodity Futures Trading Commission (CFTC). These platforms enforce stringent safeguards to protect customer funds, ensuring transparency, centralized trading and minimized counterparty risk. As institutions under the watchful eye of major regulatory bodies, futures exchanges are required to follow strict financial protocols, including maintaining sufficient capital reserves and robust security measures to protect investor assets.
A study by Liangfei Qiu of the University of Florida highlights the benefits of regulation in the cryptocurrency market, demonstrating that stricter regulations lead to more efficient markets. It points out the risks of unregulated cryptocurrencies, such as price manipulation and lack of crucial information, and advocates for investments in platforms that offer vetted information to protect investors and enhance market efficiency.
The EdgeClear Advantage
Trading on regulated futures exchanges such as those used by EdgeClear can grant investors a distinct set of advantages, offering them an edge in precision and risk management when venturing into the cryptocurrency market. By leveraging micro products for Bitcoin and Ether, traders can potentially enjoy a level of exposure that is fine-tuned to their trading strategies and risk profiles. These micro products are sized at 1/10 of their respective tokens, allowing for a more targeted approach to trading that caters to both short-term and long-term investment outlooks across a variety of strategies, from market neutral to directional. Below are some key advantages of trading cryptocurrency futures with EdgeClear:
Enhanced trading precision: Micro products allow for detailed control over exposure levels to bitcoin and ether that enable more tailored trading strategies.
Capitalizing on market downturns: With futures trading, you have the flexibility to either sell or buy into the market, enabling you to seize opportunities presented by downward price movements.
Flexible risk management: The granularity of micro contracts assists in adjusting risk profiles with greater accuracy.
Regulatory safeguards: Trading within a CFTC-regulated marketplace such as the CME Group ensures transparency, centralized trading and reduced counterparty risk.
High-quality market data: Access to the CME CF Cryptocurrency Benchmarks, which provide regulated reference rates and spot price indices ensures high-quality pricing information.
Around-the-clock trading: The convenience of nearly 24-hour trading on the CME Globex platform allows for global market access.
Potential tax benefits: Profitable futures trades are taxed on a 60/40 basis: 60% of gains are taxed at the long-term capital gains rate, and 40% of gains are taxed at the short-term capital gains rate like ordinary income.
Cost efficiency: Competitive pricing with discounted exchange fee pricing through July 31, 2024 makes trading more accessible and relatively lower in cost than spot prices and spreads..
EdgeClear's partnership with platforms like the CME Group Inc. (NASDAQ: CME) and its use of the CME CF Cryptocurrency Benchmarks represent a commitment to offering a trading environment that is flexible, precise and grounded in a framework that prioritizes the security and reliability of market data. These elements combine to create an appealing trading experience that is aligned with the best practices of the industry to help ensure traders can navigate the crypto markets with more confidence.
CME Group is a leading regulated venue for cryptocurrency derivatives. Our market-leading suite of benchmark crypto futures and options provide a way for investors to gain crypto exposure on a regulated market with established financial safeguards for more transparent and efficient risk management, said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group
From a trading perspective, I see a distinct advantage to trading MBT over spot Bitcoin, for example, for several reasons: 1) The product is cleared on a central exchange, so the volume data provides for a better technical read on supply and demand, 2) Im able to take advantage of the preferential tax treatment afforded to derivatives in the U.S., 3) There are no hidden transaction fees, such as gas fees; my cost structure is very clear, 4) I can use my favorite trading platform such as EdgeProX and dont need to open another account or learn a new platform to trade it. Trading already carries significant risk, wondering about the safety of my wallet or the solvency of the exchange are additional risks I dont need to worry about as much with futures, said Morad Askar, CEO of EdgeClear and licensed professional trader.
Embracing Regulation For A More Secure Trading Experience
The tumultuous landscape of cryptocurrency trading has probably been the best argument for regulation. Although adherence to regulatory standards is technically about compliance, its a critical measure for protecting investors and ensuring market efficiency. The benefits of trading on regulated futures exchanges, such as platforms like EdgeClear, highlight the value of much-needed security, transparency and reliability in the cryptocurrency market.
However, it is crucial to acknowledge that the price movement and profitability of virtual currency derivative trading are susceptible to the same risk factors that influence the underlying spot markets. For investors seeking to navigate the complexities of cryptocurrency trading, regulated futures exchanges can offer a more secure and efficient pathway to engaging with the digital asset economy.
Featured photo by Art Rachen on Unsplash.
A forward-thinking futures broker. Led by industry experts who understand the complexities of trading, Edge Clear combines the best of technology, service and risk control.
This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. This post is part of a paid marketing agreement.
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Max Timmins
View source version on newsdirect.com: https://newsdirect.com/news/with-the-cryptocurrency-market-historically-tumultuous-regulated-futures-brokers-like-edgeclear-may-offer-more-security-than-their-spot-counterparts-831087626
EdgeClear
COMTEX_452062267/2655/2024-05-08T08:48:56
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections
DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.
Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”
The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.
In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.
The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”
Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co
Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation
DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.
Global Compliance Credentials of UVKXE
UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:
U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.
U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.
Background on the Malaysian Public List
The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.
Commitment to Legal Compliance and User-Centric Values
UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.
Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co
Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms
DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.
Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”
The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.
Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”
In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.
Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”
Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co
Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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