2 years ago
Zignaly, a societal crypto concern platform, announced connected February 22 that it had secured $50 cardinal from GEM Global Yield LLC SCS (GGY), a Luxembourg-based alternate concern radical focused connected emerging markets worldwide. Zignaly volition usage the superior to accelerate its planetary expansion.
The crypto concern level offers a assortment of products and services that purpose to marque crypto concern accessible to retail investors. Its flagship merchandise is Profit Sharing, which lets users take from experienced traders and commencement trading connected autopilot by copying their strategies. The conception shares similarities with the transcript trading attack popularized by eToro and Robinhood with respect to banal and overseas speech trading, but it goes 1 measurement further by imitating the pro traders’ strategies successful real-time connected crypto futures exchanges.
The fees are paid exclusively from the profits – a concern exemplary that attracts galore beginners. So far, much than 400,000 users worldwide person entrusted implicit $120 cardinal connected aggregate to 300+ adept crypto traders vetted by Zignaly. Nevertheless, these figures whitethorn not enactment applicable for excessively long, arsenic the level adds caller users astatine a gait of 100,000 per month.
Zignaly CEO Bartolome Bordallo commented connected the financing:
“From the aboriginal days of Zignaly, it has been our extremity to unfastened up caller pathways for regular investors to instrumentality amended vantage of the crypto economy, by enabling the kinds of managed and high-leverage vehicles that were formerly lone reserved for the ultra wealthy. This financing from GEM volition let the institution to propel important caller merchandise improvement and planetary adoption of the Zignaly platform, truthful we tin empower the masses with a vastly amended mode to invest.”
The Zignaly level has each prerequisites to widen its planetary presence. To statesman with, it is built upon the Binance broker program, meaning that it relies connected Binance’s technology, liquidity, and marketplace depth. Binance is presently the largest cryptocurrency speech by trading measurement some successful the spot and futures markets. On February 22, Binance’s futures level saw its trading volume exceeding $55 billion, which equals the measurement figures of the adjacent 5 competitors enactment together. For Zignaly, this is simply a summons to success, considering that it’s the lone Profit Sharing level leveraging the Binance broker program.
Zignaly users tin besides link their accounts to KuCoin and BitMex, 2 different fashionable crypto exchanges that run derivative platforms.
Many traders similar crypto futures – concern instruments that fto users speculate connected the terms fluctuations without owning the underlying assets – due to the fact that they tin maximize imaginable gains acknowledgment to a diagnostic called leverage. On apical of that, futures trading platforms marque it casual to spell short, i.e., stake connected the terms decline, enabling traders to question profits adjacent during bearish markets similar the 1 we person contiguous – Bitcoin has consistently declined since November’s all-time precocious astatine implicit $68,000.
Besides the planetary adoption plans, Zignaly is besides moving connected caller products to marque the crypto concern acquisition much accessible to everyone. For example, it precocious launched ZIGPAD, a launchpad-style incubator that enables Zigcoin holders to lend to the fundraising effort of blockchain projects and cross-chain archetypal DEX offerings (IDOs) with minimal cognition of astute contracts.
Zignaly has a multi-chain and multi-exchange infrastructure that supports income and IDOs connected blockchains similar Ethereum, Binance Smart Chain, Polygon, Solana, Harmony, and Avalanche, among others.
The $50 cardinal concern from GEM Global Yield LLC SCS comes connected apical of an archetypal $3 cardinal backstage sale circular led by Parataxis Capital, an industry-leading multi-strategy concern firm. The round, conducted successful March of past year, sought financing for Zignaly’s NFT-based security protocol powered done its autochthonal token Zigcoin.
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