Blackmoon Launches New Asset Token Binance ETx

Blackmoon, a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term fintech company, announced this Wednesday that it has launched a new asset token - Binance ETx which is linked to the performance of the most-traded coins on Binance.

Binance is the largest cryptocurrency Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term in the world. According to Blackmoon, the exchange-traded index by the company is the first offering of its kind in the crypto space, giving investors further opportunities for diversification.

The “Binance Most Traded” index is linked to the performance of the 20 coins with the largest trading volume on Binance. The index, which can be bought or sold on the Blackmoon platform, automatically tracks the trading volume of these coins and rebalances the portfolio of the underlying coins on a weekly basis.

The Binance Most Traded index joins the company’s six other cryptocurrency strategies, which can be accessed on the Blackmoon Platform. These strategies are managed by proprietary-designed algorithms. Each strategy offers investors different levels of risk and returns so investors can choose a strategy based on their investment goals.

The firm also offers other investment strategies for more traditional investments such as stocks (S&P 500, iShares MSCI and Xiaomi Corporation) and one hedge fund strategy – Prime Meridian.

Commenting on the product launch Sergey Vasin, the COO of Blackmoon said: “we at Blackmoon believe that investors should not be barred from the benefits of diversification and automation that thematic investment portfolios and algorithmically driven investment strategies offer and should not be a privilege of a selected group of investors.”

Blackmoon Continues to Expand Its Reach and Product Offering

Earlier this month, Finance Magnates exclusively broke the news that the company had taken its first steps into the United States market, with the firm allowing accredited US-based investors to participate in a private offering of its cryptocurrency strategies.

In addition, the firm recently opened its doors in Malta. The move, which occurred in September, comes ahead of the anticipated approval of its Category 3 Investment Services Licence issued by the Malta Financial Services Authority (MFSA).