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Tether is rapidly building its ecosystem in 2023. After making a $1 billion investment into a new eco-friendly Bitcoin mining operation, Tether announced it will launch on Kava. This is designed to offer several benefits for Tether users and could increase widespread adoption.Â
Meanwhile, Tradecurve is bringing an innovative new hybrid exchange to the market, and in the process challenging many exchanges like OKB. As a decentralized hybrid exchange, Tradecurve aims to replace projects like OKB in just a few years, quickly becoming a top 3 exchange in the process.
Summary
Tether Innovates By Launching On The Kava Blockchain
Tether recently announced that it will be launching on the Kava Blockchain. Through this integration, Tether hopes to improve both its speed and scalability, allowing it to gain better coverage and reach more users.
Although already the number one ranked cryptocurrency by daily trading volume, Tether still has some downfalls. This Kava collaboration could help to solve these, allowing for widespread Tether adoption.
Prior to this Kava announcement, Tether reported profits of $1.48 billion in Q1, making it one of the most profitable projects in the DeFi space. 15% of these profits will be used to make Bitcoin purchases in an attempt to gain additional market share.
In addition to improving its speed, Tether’s choice to launch on Kava will also increase its security and overall functionality. As multiple billions have been lost throughout the DeFi space over the past year, the security boost of this Kava launch is crucial to Tether’s long term success.
Tradecurve Challenges OKB And Other Exchanges
Tradecurve is a new DeFi project with huge goals. It aims to become a top exchange by 2025, replacing many of the current options such as OKB and Binance, both of which are prone to regulation.Â
Tradecurve has a number of benefits over OKB. Firstly, it offers significantly more assets. As a hybrid exchange, Tradecurve lets investors trade cryptocurrency and traditional assets by using their cryptocurrency as collateral. Assets will include CFDs, forex options and stocks, providing investors with everything they need in one platform.
Furthermore, Tradecurve is fully decentralized. As OKB is centralized, the platform is prone to regulation and is therefore more likely to offer reduced services based on location. With Tradecurve however, investors can trade anonymously without needing to pass KYC or background checks. As a result, they will be able to trade assets no matter their location.
If this wasn’t enough of an advantage, Tradecurve will also offer more tools for investors than OKB. Users will have access to two different subscriptions: copy trading and AI trading. They will also be able to take classes on trading as part of Tradecurves Metaverse trading academy.
Due to its wide range of features and disruptive nature, Tradecurve is expected to offer significant returns in Q3. Having already outperformed OKB over the past month with an 80% price increase, TCRV are predicted to increase by 50X during the Tradecurve presale.Â
This is a huge selling point for the project, and has helped Tradecurve attract 14,000 users and raise over $3 million in just four presale rounds.
For more information about $TCRV presale tokens:
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