Rec♌ently, a new controversy occurred when the SEC sued Binance for alleged securities violations due to this the decentr♎alized exchange dYdX spiked in value as a result.
As centralized exchanges become more regulate♋d, users are moving away and looking for decentralized alternatives DEX like Tradecurve have implemented Proof of Reserves (PoR) in order to maintain integrity and transparency, and will also feature a lock for the team tokens.
Binance Sued by the SEC for Allegedly Offering Unregistered Securities and dYdX Spikes
The dYdX cryptocurrency spiked throughout the previous 24 hours after the U.S. The Securities and Exchange Commission sued 𝓀Binance, one of the largest ⛦cryptocurrency exchanges by trading volume, for violating federal law.
The dYdX governance token jumped as high as $2.26, and this price point comes🤡 after the SEC said that BNB and BUSD, tokens that belong to the Binance exchange, are unregistered security offerings.
As of June 6, 2023, dYdX traded at $1.95. In the last 24 hourꦬs, dYdX saw its low point at $1.92 with its high point at $2.26, and in the past year, dYdX has been up by 7.5%.
This latest CEX controversy indicatꩵes that investors 🤡are losing trust in exchanges managed by third parties and are moving to decentralized alternatives.
How Tradecurve Will Bolster Transparency with Proof of Reserves (PoR)
Tradecurve does things differently by implementing Proof of Reserves (PoR) to bolster transparency aꦛnd authenticity behind the platform, and blockchain technology is used to publicly verify the company’s on-chain assets.
Following the closure of the presale, the team tokens will 🍌be locked for a total of thre😼e years as-well.
Tradecurve is a new, innovative trading platform that combines the best elements in CEXs and DEXs to provide a seamless, borderಌless experience that features a high level of security, accessi♊bility and anonymity.
By using the Tradecurve platform any ꦐuser can trade any cryptocurrency or supported derivative from a single account, and can get access to deep liquidity and fast execution.
The platform lets users deposit crypto a𝄹nd use it as collateral to trade derivatives, without the requirement for any user to complete any KYC re✤quirements.
Additionally, the hybrid trading platform lets users trade global asset classes while🥃 also ꦑprotecting their privacy with DeFi capabilities.
Other notable features of Tradecurve include high leverage, algorithmic trading, a VIP account service, a dedicated Trading Acad♛emy and negative balance protection.
TCRV, the utility token of the platform trades a🍒t $0.015 during Stage 3 of the presale 🍨and analysts predict a climb of its value by 100x at launch.
Learn more about TCRV and the future of the project here:
