Currency.com exchange review
Currency.com is a centralized exchange that occupies #167 on Guru InvestingExchange Tracker. Currency.com has trading volume US$13,121,949 in the last 24 hours and US$53,429,776,595 in the last 7 days.
Currency.com currently has 59 cryptocurrencies, 4 paper currencies and 87 markets (cryptocurrency trading pairs). Most popular trading pair on Currency.com: ETH/USD.
Compare Currency.com next to other exchanges here: Exchange comparison tool.
Currency.com is a centralized cryptocurrency exchange (CEX) for tokenized assets. This is not a standard cryptocurrency exchange as it mainly handles tokenized securities. Assets listed on the Currency.com crypto exchange include: commodities, indices and shares.
Platform KYC compliant. Currency.com’s cryptocurrency exchange services are limited in a number of countries, including Albania, Malta, Panama, Turkey, Russia, the Philippines and the United States. US users can access the Currency.com website in the US. The platform is available on desktop and mobile devices.
Markets
The platform deals with tokenized assets. This means that there is no Currency.com spot market in the traditional sense, although this type of trading is also available. There are more than 2,000 tokenized securities on the platform. Eat six types of markets accessible:
- Bonds
- Goods
- Cryptocurrencies
- Currencies
- Indexes
- Stock
Currency.com has a license to process tokenized government bonds. These assets can be purchased with fiat currencies. Tokenized goods include assets such as Brent crude oil, natural gas and gold. Currency.com’s current cryptocurrency asset price is updated frequently to reflect changes in the market.
The cryptocurrency trading platform supports crypto-cryptocurrency and crypto-fiat trading. There are over 70 Currency.com trading pairs available, consisting of over 150 tokens. The listed crypto assets can also be used as pledge. The exchange offers trading with leverage up to 500x.
The foreign exchange market is a platform Forex service. The platform offers over 130 tokenized fiat currencies, including US dollars, euros and yen. Cryptocurrency and fiat currency markets offer more than 75 technical indicators for accurate trading.
Traders who buy tokenized indexes are entitled to receive dividends, just like in traditional markets. Currency.com indices can achieve the same economic impact as their traditional market equivalents. Tokenized shares include popular assets such as Apple, Tesla and Shopify.
Prime currency — service for professional traders. It offers VIP and white glove support. Prime members can access advanced brokerage and trading, competitive lending rates, and access to exclusive NFTs and private token sales. They can also put their assets on the line to generate passive income.
Given the number of assets processed by the platform, each Currency.com service has different cryptocurrency fees. In addition, tariffs for individuals and legal entities may differ. Institutional clients may be eligible for increased transaction and withdrawal limits.
For individual and institutional users, the cryptocurrency trading fee is 0.075%, while the tokenized asset and tokenized currency fees are 0.05% and 0.002%, respectively. Rates are fixed regardless of Currency.com trading volume.
Funding fees for leveraged trading are based on the market rate and are dynamic. Currency.com’s fee for crypto assets is 1.95% for both individual and institutional traders. Institutional traders are also subject to a 0.03% fee for exchanging tokenized bonds.
Rates may apply to entities that handle company tokens, as sellers must pay a 1.5% fee. There is no additional fee for purchasing such tokens. Tokenized currency exchange is free for institutional traders, regardless of the Currency.com volume they deal with.
The minimum required amount for fiat deposits is $20, and Currency.com’s required cryptocurrency price varies by asset. There are no deposit fees for crypto assets. Visa and Mastercard transactions may be subject to a 3.5% deposit fee.
other services
The main services offered by the Currency.com crypto exchange are related to the sale and trading of tokenized assets. However, the platform also offers its products for developers. Users can access the Currency.com crypto exchange API Tools.
Like many open source exchange tools, Currency.com’s API offers REST and WebSocket. Users can access real-time market data, create accounts, and place trades. The toolkit includes four classes of markets – cryptocurrencies, commodities, indices and tokenized currency pairs (FX).
About company
Cryptocurrency exchange Currency.com was founded Victor Prokopenya in 2019. The company is registered in Gibraltar. Its offices can also be found on several continents, including Europe (Minsk), North America (New York) and Asia (Singapore). Current CEO Peter Hetherington.
In 2019, the company announced that it would begin selling tokenized government bonds of Belarus. Currency.com Cryptocurrency Bond Price was originally available at Bitcoin (BTC) And Ethereum (ETH).
In July 2021, Currency.com joined CryptoUK, the UK’s self-regulatory trade association. As an executive member, the platform received the right to participate in the strategic direction of the association and the development of the regulatory framework in the crypto industry.
In April 2022, it was announced that American branch of Currency.com was set to start. At the time of initial release, the platform was available in 48 states, with plans to expand into New York and Hawaii in the foreseeable future. Currency.com’s first trading pairs launched on the US platform were BTC/USD, LTC/US dollar and Warhead/U.S. DOLLAR.
After the termination of service in Russia in August 2022, the company incurred Distributed denial of service (DDoS) an attack during which problems arose in financial transactions. However, neither customer data nor funds were compromised.
Victor Prokopenya is the owner of the cryptocurrency exchange Currency.com. He owns 100% of the company through his investment firm VP Capital. Prokopenya is an entrepreneur and founder of the Belarusian software development company Viaden Media.
In May 2022, Peter Hetherington was appointed CEO of the company. He is the former CEO of IG Group and has been with the company for over two decades. Hetherington was also CEO of Schroders Personal Wealth.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
