Warren Buffet-backed bank launches crypto, Tradecurve’s…

Cryptocurrencies remain controversial in traditional investment circles, with volatility being a major concern. Still, early adopters of crypto accepts like bitcoin (BTC) or ethereum (ETH) have posted high returns on investment.

In 2018, Warren Buffer said bitcoin is “probably rat poison squared.” However, things have drastically improved in the last five years, and that point of view has since changed.

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Nubank launches crypto in Brazil

Berkshire Hathaway purchased $1b in shares of Nubank, a digital-based bank in Brazil.

Later, Nubank launched its cryptocurrency, Nucoin, in March of 2023, as part of a loyalty program. 

The token will gradually become available to over 70m Nubank customers in Brazil. 

Since Warren Buffet is the chair and the Chief Executive Officer (CEO) at Berkshire Hathaway, Nubank’s decision could be an indirect endorsement of crypto by the billionaire investor.

Tradecurve presale gaining traction

Tradecurve aims to become one of the largest hybrid exchanges in the industry.

The platform will launch exciting features of centralized exchanges (CEXs), such as high liquidity, the ability to trade a range of financial products and derivatives, and fast speeds alongside slippage-free trading opportunities.

Then, it will combine it with the benefits of decentralized exchanges (DEXs), such as enabling assets to be self-custodial, decentralized, and to operate on-chain.

Unlike exchanges such as Binance, Gate.io, OKX, Kraken, and many others, Tradecurve will not require its users to submit personal details as part of the know-your-customer (KYC) rules. Moreover, each user will also have complete control over their cryptocurrency balance.

Most platforms also charge a high fee for their services, and Tradecurve aims to have the lowest fees in the industry. 

The team behind the hybrid exchange also has numerous exciting features planned, including algorithmic trading with the implementation of artificial intelligence (AI), social trading features such as a copy trader, with a dedicated subscription service and fee that can support the most successful traders even further, and access to high leverage. 

The team is aware of the challenges new users could face as it navigates the platform. As a result, Tradecurve will implement a dedicated trading academy to teach new users everything they need to know.

TCRV price performance

Tracedurve has a native cryptocurrency, TCRV, that users can buy in the second stage of the ongoing presale. 

As of May 20, 2023, TCRV is changing hands at $0.012. The team aims to raise $20m during the presale and is looking to onboard 100,000 clients in the first three months after launching. Furthermore, they aim to bolster transparency during this time by implementing a proof-of-reserves (PoR) system.

Analysts remain bullish on TCRV and expect more gains, especially as the token lists on tier-1 exchanges and Uniswap, a leading decentralized exchange (DEX).

Learn more about the Tradecurve (TCRV) presale:

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