Tether to compete with MicroStrategy, Tradecurve targets Coinbase

In 2022, the self-custody narrative was revived due to the collapse of centralized cryptocurrency entities, particularly FTX and Alameda Research. This is backed up by on-chain data that shows ethereum (ETH) exchange balances hitting a five-year low.

Many analysts believe decentralized services could surpass centralized providers in the next bull run. One specific trading platform, Tradecurve can compete with Coinbase in the next 12 months. Meanwhile, Tether (USDT) has been actively purchasing bitcoin (BTC) to compete with MicroStrategy.

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Tradecurve introduces hybrid on-chain trading 

Tradecurve, currently in its presale phase, has drawn the attention of investors and analysts, with many even comparing the hype surrounding the project to the 2017 Binance token offering. Tradecurve aims to deliver transparent and democratized access to markets. 

The protocol has inbuilt artificial intelligence (AI) trading systems, a Metaverse academy, trading competitions, and social features such as copy trading. These features are reserved for TCRV holders. TCRV is the native token for the Tradecurve platform.

Tradecurve is a trading platform that offers transparent on-chain pricing, high leverage (500:1), and rapid execution to meet the needs of traders. Moreover, the platform prioritizes educating traders to make informed decisions when posting orders. 

With no need to submit personal information as part of know-your-customer (KYC) rules and access to forex, commodities, stock, and crypto markets, all from a unified interface, TCRV, and Tradecurve supporters are confident. 

Tradecurve aims to attract 100,000 traders three months after its launch. They also plan to implement proof-of-reserves, potentially making them a competitor to Coinbase. The increasing demand for decentralized derivatives supports this prediction.

Tether starts buying bitcoin

MicroStrategy, a business intelligence company known for acquiring bitcoin (BTC), now faces competition from Tether. The firm has been steadily adding to its portfolio of over 140,000 BTC, even during bear markets.

Tether reported significant profits in the first quarter of 2023, attributed to the high-interest rates and its holding of short-dated US treasuries. The company earned $1.48 billion in Q1 and holds 52,000 BTC.

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Tether recently revealed their plan to regularly purchase BTC using up to 15% of their net profits. While MicroStrategy currently holds a strong position, if short-term treasury yields remain high, Tether may surpass them.

The recent significant investments made by Tether and MicroStrategy suggest that bitcoin is gaining recognition as a global store of value. Some experts even predict nations and states will soon start acquiring the coin.

Tether’s consistent buying pressure on bitcoin may drive prices higher, possibly lifting the crypto markets. Consequently, this may present an opportunity for altcoins such as Tradecurve, which have practical uses and value propositions, to increase in the months ahead.

Find out more about the Tradecurve presale here:

Website: https://tradecurve.io/ 

Presale:https://app.tradecurve.io/sign-up 

Telegram: https://t.me/tradecurve_official 

Twitter: https://twitter.com/Tradecurveapp