UNAS-StoX
UNAS-StoX connects crypto and stock market
Blockchain technology has been proven to be able to turbo-charge even established stock markets, giving them automation and several times the speed of processing financial transactions. Deeper this aspect is revealed in the sense that once blockchain technology is fully implemented in the stock exchange, it will open up the possibility of mutual trading between crypto and securities.
The next step in UNAS' development after the full launch of UNAS Swap&Trade is the development and implementation of the UNAS-StoX trading platform - a decentralized platform for simultaneous full-fledged trading of cryptocurrency and stock market instruments.
As UNAS creates and strengthens trading relationships on the Eurasian continent, UNAS-StoX technology is primarily aimed at the introduction of Asian stock markets, financial instruments and securities.
The historical practice proves successful introduction of crypto assets into traditional stock markets. Bitcoin futures were first launched on Chicago's Cboe and CME exchanges in late 2017. The price of the first cryptocurrency then set a historic high of $20,000. A subsidiary of Germany's largest stock exchange, Deutsche Börse, the financial derivatives platform Eurex, launched futures on Bitcoin, Ethereum and XRP back in 2019.
In these illustrative cases, the stock markets emphasized futures exclusively, which is not always profitable for regular traders. UNAS-StoX offers technology for regular crypto asset trading between securities and bonds by combining a decentralized UNAS-based trading platform in partnership with existing Asian stock markets such as KRX, TWSE, SGE. The main linking tool for trading between crypto assets and securities will be UNAS' own token. Negotiations to introduce UNAS-StoX technology to Asian stock exchanges will begin in the 3rd quarter of 2022.
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