Dmitri Laush and Siamak Tebyanian Launch Nextcent to Democratize Financial Literacy

The Co-Founder of Admiral Markets, Dmitri Laush and Siamak Tebyanian, the former Head of Global Innovation at Admirals joined forces to launch Nextcent.

Nextcent is about 'democratizing wealth management'. The app provides individuals that are interested in investing or trading but lack experience or knowledge of an innovative approach to understanding the markets.

While trading courses can be tedious for some, Nextcent breaks down the information into 'bite-sized courses'. The company is aware that memorizing information may be difficult for some, and the key ideas can be collected and memorised later on.

Although cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term are not directly mentioned on the website, the logs of Kraken, eToro, Binance and Bitsgap are located in 'learn from the best section'.

Based on some of the screenshots on the website, it appears that the app will contain free and premium courses. Users will learn the basics of the market, order types, technical analysis, fundamental analysis and more.

Multiple Markets Are Covered

Aside from cryptocurrencies, Nextcent covers stocks, forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and precious metals, such as gold and silver. The app tracks the learning progress that is made, and a certificate is issued (on the app) upon completing a certain course.

The language used on the website may appeal to the younger generation, which many companies focus on. Since covid-19 and the rise of cryptocurrencies, more people are interested in investing but are uncertain how to proceed.

Providing guidance on multiple investment vehicles is in high demand.

Simplifying the learning process, especially in trading or investing in an innovative app is the correct approach in today's era. At this stage, not all the app's features have been disclosed.