As Hong Kong embraces crypto trading once again, the question arises: could this be the start of a bullish run for Tradecurve (TCRV)? With its innovative hybrid exchange model and 100+ million tokens sold during a presale event, Tradecurve (TCRV) is already showing signs of potential.
Let’s review the potential implications of Hong Kong’s renewed embrace of crypto trading on both the market and Tradecurve (TCRV).
Hong Kong Brings Back Retail Crypto Trading
As of June 1, Hong Kong has implemented a new regulatory framework for virtual assets. This system permits retail investors to engage in trading major digital tokens through licensed cryptocurrency exchanges.
The Hong Kong Securities and Futures Commission (SFC) disclosed these new regulations on May 23, following a consultation period with industry participants that concluded in March. This is a significant step in the region’s ongoing efforts to regulate and normalize digital asset trading.
The Hong Kong Monetary Advisory has stated that cryptocurrency firms are permitted to onboard customers during an 18-month grace period. During this time, these companies are expected to obtain the necessary licenses to operate fully under the new regulatory framework.
This initiative arrives in the wake of disruptions to Hong Kong’s economy and its standing as a fintech hub, due to COVID-19 lockdowns and previous regulatory clampdowns. These circumstances had a daunting effect, causing many cryptocurrency startups to retreat.
Under the new regulatory framework, even citizens of China can participate and begin trading on Hong Kong-based exchanges, as long as they possess Hong Kong residency. This opens the door for huge amounts of liquidity to enter the crypto space, and maybe even trigger a new bull run.
Is This the Start of a Bullish Run For Tradecurve (TCRV)
With a fresh influx of traders entering the market from Hong Kong, market analysts believe that Tradecurve will experience a bullish run when it launches later this year.
This global trading exchange allows users to trade stocks, crypto, commodities, and forex – all from a single, anonymous account. There is no KYC verification or restrictions on who can join, and Tradecurve users have full control of their assets.
Tradecurve is loaded with cutting-edge trading tools and features. Fancy trading on high leverage up to 500:1? Or maybe copying successful traders to replicate their trades? What about an AI trading bot that trades on your behalf or deposit bonuses that add to your trading capital? Tradecurve has it all.
Now, let’s talk about TCRV, Tradecurve’s native token. Holding TCRV gives you a ticket to a host of special privileges on the platform, including AI bot usage discounts, access to a VIP account, and even earning passive income through staking rewards.
The token has seen a recent growth spurt, moving from $0.010 to $0.015 during the ongoing Tradecurve presale event. More than 50 million tokens have been sold during the third presale phase, meaning there isn’t much time before TCRV rises again to $0.018.
Given Tradecurve’s lofty ambition to reshape a billion-dollar industry, market experts anticipate the value of TCRV to surge to $1.00 once the platform goes live. The arrival of Hong Kong traders adds more fuel to the fire and could push TCRV’s price even higher.
Visit the links to get more information about Tradecurve and the TCRV token: