As the battle between Coinbase and SEC continues without any updates, Coinbase started putting pressure and looking for answers on the Coinbase July 2022 petition. As the future of this centralized exchange is uncertain, many investors have moved towards decentralized alternatives. Tradecurve is a hybrid exchange that can offer a democratized and borderless experience for investors and traders who are now beginning to look at the project.
- Coinbase took legal action against the U.S. Securities and Exchange Commission.
- The SEC has remained quiet for months surrounding a petition submitted by Coinbase.
- Investors and traders have begun moving towards decentralized alternatives like Tradecurve.
Coinbase Takes Legal Action Against the SEC
Coinbase filed a lawsuit against the SEC, asking the regulator to be forced to share their answer publicly to a month-old petition on whether it would let the cryptocurrency industry be regulated using the existing SEC frameworks.
The petition was originally filed in July of 2022, where the SEC was asked to “propose and adopt rules to govern the regulation of securities that are offered and traded via digitally native methods” about digital assets.
The SEC, at the time and to this day, did not offer any specific public response to this petition. However, In recent months, they did ramp up enforcement actions and warnings against cryptocurrency exchanges, where Coinbase was featured.
Tradecurve (TCRV) Offers a Decentralized Alternative
Coinbase is under heavy attention from the SEC and has historically restricted people from specific parts of the world from using the platform and enforced a KYC procedure.
Tradecurve will democratize and provide a truly borderless experience for cryptocurrency investors and traders by not requiring KYC on its platform and by enabling anyone just to deposit crypto and use it as collateral when making trades. Tradecurve will also not be limited to just cryptocurrencies, as users can also trade derivatives like forex, stocks, and commodities.
There are different features on Tradecurve that enable it to stand out, like high leverage, a VIP account service, negative balance protection, and a dedicated trading academy through which any new user can get the education they need before even making their first trade.
TCRV is the utility token behind Tradecurve, and it is undergoing Stage 2 of its presale. During this stage, TCRV trades at $0.015. The token has the potential to climb 100x in value when it launches. The team will launch TCRV on Tier-1 exchanges and on Uniswap, will implement Proof of Reserves (PoR) to bolster security, and will raise $20 million during the presale investors or traders curious about getting into Tradecurve need to do so during its presale, as the cryptocurrency can explode in value at launch. Only 40% of its total supply is available during the presale, and the platform is looking to onboard 100,000 clients in the first three months of its launch.
Learn more about Tradecurve and its utility token at the links below:
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