Crypto Exchange

Congratulations to Trade 99 Crypto Asset Trading for Becoming the Latest ‘Category A’ Member

From now onwards, Trade99, the crypto asset trading platform, will be treated as an accepted member of Category A. How did this happen? Well, recently, South Korea’s respected Financial Services Commission (FSC), an independent EDR organization that handles external disputes for cross border exchanges declared Trade 99 to be the recent addition to the Category A.

Trade 99 was announced an ‘A Category’ member earlier this month. By far, this platform was in a capacity to offer a crypto-based leverage asset platform for trading. After the attainment of ‘A Category,’ the users of the platform will get the protection services from the Financial Services Commission.

Getting a green signal from FSC is a mark of excellence for Trade99

The fact that the FSC runs a tight ship for the compliance and the related regulatory issues, getting a green signal from FSC is a matter of good reputation for Trade 99. On the regulation topic, the governor of FSS (Financial Supervisory Service)- Yoon Suk-heun is in favor of the good effects of crypto exchange regulatory investigation. Suk-heun thinks that it will-

[…] help crypto trading and blockchain technology get better.

Trade99’s Promise of a Diverse Portfolio-

Lately, Trade 99 promised its user base for offering a diverse portfolio of services. In order to stick to the commitment, the platform has gone ahead to join hands with some independent service providers and brokerages. This, by extension, allowed these independent service providers and brokerages to make use of the services which the Financial Services Commission is offering.

With the release of the scheme opens up several other possibilities. This would mean that all those schemes that get a green signal of approval will also be required to certify with it. Moreover, the users and the clients will get to put a certain amount to an investment manager. What is the point of putting funds with the manager, you may think. Well, as and when the manager makes any profit on the capital (he or she invested with the money allocated by the user), the user will, in turn, get a commission on the profit made by the manager. This is especially a good set up for those who have just ventured into the investment space, as this system allows the users to gain insight knowledge, experience, and exposure to investment strategies; along with keeping risk at a safe distance. This peace of mind in investments should raise the adoption of the scheme.

Anna Green

Anna Green joins CoinNewsPulse team as a editor and research analyst having four years of combined experience of writing latest news stories and trading in forex and crypto industry. She has master's degree in finance and covering stories on various fields: blockchain, cryptocurrencies, exchanges and equities.

Recent Posts

What role do probability algorithms play in cryptocurrency transactions?

Cryptocurrency transactions are the gateway to a novel financial architecture that is decentralized and secure,…

2 months ago

Can AI make intelligent insights and impact crypto odds exploration?

AI transforms industries through work automation, increased productivity, and data-driven decision-making. AI helps in medication…

5 months ago

Meme Kombat on-fire presale is bringing whales on board

Meme Kombat is less than 10 hours away from hiking the price. It has raised…

5 months ago

Unveiling factors behind Litecoin’s rise as payment pioneer

Cryptocurrencies are, in simple words, digital currencies that help their holders to make payments for…

5 months ago

The Ripple effect: How XRP is changing the game

Ripple is a currency exchange network and a payment settlement system that can easily manage…

7 months ago

Regulatory challenges for Tether and the stablecoin market

Tether is a fiat-collateralized stablecoin created by Brock Pierce, Craig Sellars, and Reeve Collins in…

7 months ago