Precious metallic buying and selling has been round for a few years now, nonetheless even in our fashionable world there are nonetheless a number of hurdles for the retail traders to be able to entry metals and to have interaction in a very digital and worldwide market.
There is an answer, and metallic buying and selling won’t ever be the identical once more. By leveraging blockchain expertise, key options comparable to immutability, excessive safety, and a decentralized ledger now make it attainable for corporations to subject tokens which might be linked to vaulted treasured metals. Tokenized belongings, comparable to treasured metals, will disrupt conventional markets as a consequence of their lowered complexities, improved efficiencies, and really international digital attain.
Based out of Australia, Metex operates proper in amongst this growing phase and understands the future impacts for metals buying and selling. Not solely do Metex tokenize each Platinum and Palladium, however their imaginative and prescient can also be to disrupt conventional metallic buying and selling and to create a completely new metals buying and selling ecosystem that’s accessible to everybody.
Metex Exchange – Bringing Tokenized Metal to Retail Investors
In addition to the tokenization of treasured metals, Metex has developed its personal on-line metals change to facilitate the international commerce of blockchain-powered metallic tokens.
Metex Global Metals Exchange launches in July 2020 and permits retail traders to simply commerce tokenized treasured metals, with none fear about logistics, storage or insurance coverage prices. This on-line market is making a extra aggressive and truthful market by democratizing the course of of proudly owning treasured metals.
Metex Exchange will initially launch with 4 metal-backed token listings together with Gold, Silver, Platinum, and Palladium. They plan to develop their metallic listings on the change and develop into a globally acknowledged market for buying and selling tokenized metals.
Exchange customers can deposit funds in both Bitcoin or USD Tether and might be buying and selling into treasured metals inside a couple of easy clicks.
Some of the main advantages of the Metex platform embrace:
- Peer-to-Peer buying and selling with dwell purchase and promote order books
- No account verification required (KYC) when buying and selling utilizing cryptocurrencies
- All metallic tokens traded are full reserve, which means they’re 100% backed by metals securely saved in vaults.
- Easily acquire publicity to treasured metals with out the concern of bodily buying and storing them.
- Flexibility to buy any dimension amount. All of the four listed tokens signify 1 gram for that respective treasured metallic, and being digital even micro trades are attainable with out excessive premiums.
Working with Australia’s Largest Bullion Dealers – Ainslie Bullion
The significance of treasured metals can’t be realized way more than in the present instances of international financial uncertainty. With the inventory market and the bond markets collapsing throughout this COVID-19 disaster, traders are shifting in direction of gold to safe their capital. Bullion sellers have been inundated with orders for treasured metals and solely a small quantity have migrated to extra handy and environment friendly tokenized choices.
One of Australia’s largest bullion sellers, Ainslie Bullion has made this pioneering transfer, adopting blockchain expertise to efficiently tokenize their very own gold and silver. Known as the Gold Standard and Silver Standard, these digital tokens run on the ethereum community and are backed 100% by metals saved in the Reserve Vault Brisbane Australia.
Ainslie has now partnered with Metex and their gold and silver-backed tokens will now be out there on the Metex Exchange for buying and selling!
Speaking on this collaboration, Andrew Sassi – Metex CEO mentioned:
“With the addition of Gold Standard and Silver Standard, the Metex Exchange is proud to launch with four distinctive metallic backed tokens. We goal to make treasured metals accessible to everybody and our metals change permits anybody to construct wealth 1 gram at a time.”
Andrew Sassi, Metex CEO
Visit Metex for extra data and take benefit of this new method to entry and commerce treasured metals.
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