Currency.com is a centralized cryptocurrency exchange (CEX) for tokenized assets. It’s not a standard crypto exchange as it primarily handles tokenized securities. Assets listed on the Currency.com crypto exchange include commodities, indices, and stocks.
The platform is KYC-compliant. The Currency.com cryptocurrency exchange services are restricted in several countries, including Albania, Malta, Panama, Turkey, Russia, The Philippines, and the USA. US-based users can access the Currency.com US website. The platform is available on desktop and mobile devices.
The platform deals in tokenized assets. This means that there isn’t a Currency.com spot market in the traditional sense, although this type of trading is also available. The platform lists over 2,000 tokenized securities. There are six market types available:
Currency.com is licensed to handle tokenized government bonds. These assets can be purchased using fiat currencies. Tokenized commodities include assets like Brent oil, natural gas, and gold. The up-to-date Currency.com crypto price for the assets updates frequently to reflect market changes.
The cryptocurrency trading platform supports crypto-crypto and crypto-fiat trading. There are more than 70 Currency.com trading pairs available, consisting of over 150 tokens. The listed crypto assets can also be used as collateral. The exchange offers trading with up to 500x leverage.
The currencies market is the platform’s FX service. The platform offers more than 130 tokenized fiat currencies, including USD, EUR, and JPY. Both crypto and fiat currency markets offer more than 75 technical indicators for precise trading.
Traders that purchase tokenized indices are eligible to receive dividends as they would in traditional markets. The Currency.com indices can receive an equal economic effect as their traditional market equivalents. Tokenized shares include popular assets like Apple, Tesla, and Shopify.
Currency Prime is a 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 stake their assets to earn passive income.
Given the number of assets handled by the platform, there are different Currency.com crypto fees for each service. Additionally, rates for individuals and legal entities may differ. Institutional customers may be eligible for increased limits on transactions and withdrawals.
For individual and institutional users, the trading fee for cryptocurrencies is 0.075%, while the tokenized asset and tokenized currencies fees are 0.05% and 0.002%, respectively. The rates are fixed regardless of the Currency.com trade volume.
Funding fees for leveraged trading are based on the market rate and are dynamic. The Currency.com exchange fees on crypto assets are 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 legal entities that handle company tokens, as sellers must pay a 1.5% fee. There are no additional charges for buying such tokens. Exchanging tokenized currencies is free for institutional traders, regardless of the Currency.com volume that they handle.
The minimum required amount for fiat deposits is $20, while the required Currency.com crypto price is asset-dependent. There are no deposit fees on crypto assets. Visa and Mastercard transactions may charge a 3.5% deposit commission.
The main services offered by the Currency.com crypto exchange are related to tokenized asset sales and trading. However, the platform also offers its products for developers. Users can access Currency.com crypto exchange API tools.
Like many open-source exchange tools, the Currency.com API offers REST and WebSocket. Users can gain information on real-time market data, create accounts, and place trades. The toolkit includes four market classes – cryptocurrencies, commodities, indices, and tokenized currency pairs (FX).
About the Company
The Currency.com crypto exchange was founded by Viktor Prokopenya in 2019. The company is registered in Gibraltar. Its offices can also be found across several continents, including Europe (Minsk), North America (New York), and Asia (Singapore). The current CEO is Peter Hetherington.
In 2019, the company announced that it would start selling tokenized Belarusian government bonds. The Currency.com crypto price for the bonds was initially available in Bitcoin (BTC) and Ethereum (ETH).
In July 2021, Currency.com joined CryptoUK, a UK-based self-regulatory trade association. As an executive member, the platform earned the right to participate in the association's strategic direction and the development of regulatory frameworks in the crypto industry.
In April 2022, it was announced that the US branch of Currency.com was set to launch. Upon its initial release, the platform was available in 48 states, with plans to expand in New York and Hawaii in the foreseeable future. The first Currency.com trading pairs to launch on the US platform were BTC/USD, LTC/USD, and BCH/USD.
Following the end-of-service in Russia in August 2022, the company suffered a Distributed Denial of Service (DDoS) attack during which the financial operations experienced issues. However, no customer data or funds were compromised.
Viktor Prokopenya is the owner of the Currency.com cryptocurrency exchange. He owns 100% of the company shares due to his investment firm VP Capital. Prokopenya is an entrepreneur and the founder of the Belarusian software development company Viaden Media.
In May 2022, Peter Hetherington was appointed as the company CEO. He’s the former CEO of the IG Group, having been part of the company for over two decades. Hetherington was also the CEO of Schroders Personal Wealth.