Figure Markets, a leading decentralized custody marketplace for digital assets, has announced the launch of its global crypto exchange based out of the Cayman Islands, offering a wide array of new features and yield-earning opportunities.
Launch of New Crypto Exchange
Following its U.S. launch in August, the Cayman-licensed global crypto exchange by Figure Markets provides users with new trading and earning opportunities. Users can earn up to 8% annualized on cash and stablecoin balances, while U.S. users can earn up to 3% annualized on USD balances held at an FDIC-insured bank.
Benefits and Opportunities
The platform offers users high cash leverage and a decentralized custody solution, reducing risks associated with traditional centralized exchanges. Mike Cagney, CEO and Co-Founder of Figure Markets, stated: “We are committed to righting the wrongs of the past and providing users with the tools they need to trade, borrow, and invest with minimized exchange risk.”
Innovative Features
Cash yields on non-USD and stablecoin balances are derived from an innovative fund backed by real-world assets on blockchain, with daily liquidity and automatic sweeps. June Ou, President of Figure Markets, added: “We are excited to introduce this feature that allows our traders to optimize their capital and enhance their overall trading experience.” The exchange also offers qualified members up to 5:1 margin and the ability to cross-collateralize positions.
Figure Markets continues to democratize finance through blockchain, offering users innovative features and yield-earning opportunities.
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