Figure Markets, a leading decentralized custody marketplace for digital assets, has announced the launch of its new global crypto exchange based out of the Cayman Islands. The new platform offers a wide array of new features and yield-earning opportunities.
Launch of Global Exchange
Following a successful U.S. launch in August, Figure Markets is expanding its operations with the launch of a global crypto exchange licensed in the Cayman Islands. This is part of the company's mission to democratize finance by providing advanced financial products to users worldwide.
New Opportunities for Users
The platform offers a new yield sweep for cash and stablecoin balances with rates up to 8% annualized. U.S. users may earn up to 3% annualized on USD balances held at an FDIC-insured bank. These yields are generated from an innovative fund backed by real-world assets on blockchain.
High Yields and Prospects
The platform also offers qualified members up to 5:1 margin and enables cross-collateralization of positions. Additionally, the company plans to introduce higher and expanded leverage offerings by year-end.
Figure Markets is making a significant step towards democratizing finance by offering global trading opportunities and innovative financial products to users.
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