SPONSORED POST*
The ETFSwap (ETFS), a leading cryptocurrency and ETF trading platform and competitor with Coinbase, recently crossed the $3.5 million milestone in funding. This impressive feat was attained on the 10th of June, 2024. At the same time, the Binance exchange also celebrated a new milestone in its ecosystem. The Binance team shared via various social media channels that it has successfully acquired 200 million users across the globe.
Summary
ETFSwap’s Road To $3.5 Million In Funding
The ETFSwap (ETFS) team comprises seasoned blockchain advocates and business strategists with a common goal of advancing DeFi adoption and fostering financial inclusivity. The team successfully raised $750,000 in a private round investment to kickstart the development of the project. Following the private round investment, the ETFSwap (ETFS) opened its first stage presale to retail and institutional investors. At the first stage of its presale, the team raised close to $2 million, with 100% of the presale tokens quickly selling out.
The second stage of its presale recently commenced, with the team selling out over $1.5 million worth of ETFS, the native token of the ETFSwap (ETFS) ecosystem. The second presale stage is set to end in the next few weeks. Crypto whales and institutional investors are speedily investing in the the DeFi platform as the ETFS token boasts the potential to give investors 10,000%-100,000% returns.
How ETFSwap (ETFS) Compares To Binance And Coinbase In Their Early Days
ETFSwap’s growth trajectory has proven to be more impressive than that of Binance and Coinbase. The Binance exchange was launched in 2017, and in its early days, Binance suffered from multiple code vulnerabilities and hacks. However, the exchange has recently strengthened its security, becoming one of the largest crypto trading platforms globally.
Coinbase, launched in 2012, faced similar challenges, although not as frequent as Binance. Notably, both crypto exchanges have gained strong ground in the cryptocurrency market. Coinbase has gained more acceptance in Western nations than Binance, while Binance has been adopted more in the non-Western world.
Although Coinbase and Binance are unicorns in the cryptocurrency market, both trading platforms now face a competitor. ETFSwap (ETFS) has the potential to achieve over 500 million active users in the coming years.
Core Components Of The Crypto Trading Platform
Here are some core components of the ETFSwap (ETFS) platform:
Asset Tokenization
The ETFSwap (ETFS) platform enables asset tokenization. Through asset tokenization, crypto users and ETF investors can own digital assets that maintain the same value as their real-world equivalents. Investors can own spot and futures ETFs, commodity ETFs, leveraged ETFs, and fixed-income ETFs on the platform. This enables investors to seamlessly hedge against inflation and profit from the rising value of assets like Bitcoin (BTC) and Ethereum (ETH) ETFs, gold, silver, and agricultural products.
Decentralized Ecosystem
The ETFSwap (ETFS) platform is decentralized, opening the door for multiple possibilities in the crypto and ETF world. Decentralization ensures that users completely own their cryptocurrencies and ETFs. Decentralization also enables traders to access cryptocurrencies and ETFs 24/7.
Further, users do not need to pass through complex KYC procedures to utilize the platform. This makes ETFSwap (ETFS) a better option for trading ETFs and cryptocurrencies than centralized exchanges like Binance and Coinbase.
Optimal Security
The ETFSwap (ETFS) is highly secure, and its smart contract has been audited. The platform runs on the Ethereum (ETH) network, and Certik has audited the protocol’s smart contract. Upon completing the audit, Certik found no major vulnerabilities in the token’s smart contract. The token’s smart contract security has proven to be more solid than that of Binance and Coinbase in their early days.
Conclusion
The ETFSwap (ETFS) platform stands out from Binance and Coinbase. With the platform hitting the $3.5 million capitalization milestone, the community now has its eyes on the $10 million mark. This makes the token a must-buy for crypto investors who want to make massive profits.
For more information about the ETFS Presale:
*This article was paid for. Cryptonomist did not write the article or test the platform.
 recently reached the $3.5 million funding milestone as Binance celebrates 200 million users.){kind=link}