This article covers three of the biggest developments in the crypto space: EU’s first spot Bitcoin ETF, Sei Network’s launch, and Tradecurve Markets‘ sale of 300 million TCRV.
Let’s break down how each of these will impact the crypto space.
Tradecurve Markets sells 300 million TCRV
In stage 5 of the Tradecurve Markets presale, 32 million TCRV tokens have been sold. Tradecurve Markets aims to shape crypto trading by breaking down traditional barriers and democratizing access.
The decentralized platform offers various assets, including stocks, Forex, commodities, and cryptocurrencies. Users can register accounts using their email address. Afterwards, they can deposit crypto and start trading.
Tradecurve Markets also offers advanced trading tools like AI-driven bots and copy trading features. In this way, they aim to improve the trading experience.
In the presale, TCRV is available for $0.025 in phase 5. There is also a 30% deposit bonus for traders. Analysts predict TCRV to reach $1 by 2024, banking on the exchange’s expected adoption rates.
Spot Bitcoin ETF debuts in Europe
The Jacobi FT Wilshire Bitcoin ETF went live on the Euronext Amsterdam stock exchange on Aug.15, roughly a year after its initial announcement.
The exchange-traded fund (ETF), dubbed BCOIN, relies on the FT Wilshire Bitcoin Blended Price Index to tap into a real-time average Bitcoin price aggregated from select cryptocurrency trading platforms.
While Europe celebrates, the US still awaits approval for a similar product. BlackRock and Fidelity are notable applicants.
The launch of the ETF in Europe didn’t support prices as expected since Bitcoin fell from $29,200 to $26,000 in three days. However, investors are bullish, expecting news from US regulators on a Bitcoin ETF to potentially drive prices higher.
Sei Network exchange listing
On Aug. 15, leading cryptocurrency exchanges, including Binance, Bybit, and Bitget, came together to list SEI.
SEI listed at $0.064 on Binance but quickly soared to $0.48.
Sei Network also unveiled the beta version of its mainnet. In the early alpha stage, over 7.5 million test wallets were created as the network processed more than 400 million transactions.
Sei, built using the Cosmos software development kit (SDK), aims to enhance the efficiency of decentralized exchanges (DEXs). It features an advanced matching engine and tools designed to prevent order front-running.
By the end of the year, Sei plans to introduce 30 dapp. SushiSwap is preparing to launch a perpetual futures exchange on Sei.
For more information about the Tradecurve Markets (TCRV) presale:
Buy presale: https://app.tradecurvemarkets.com/sign-up
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