Quantfury enables crypto investors to trade on the stock market

Recently, fintech company Quantfury announced that it is launching a new application that will allow cryptocurrency holders to use it as collateral and trade in the markets using fiat, without paying any commissions or fees.

According to Quantfury representatives, the service provides access to more than 750 mid- and large-cap stocks listed on the largest exchanges in the US and Europe, to the 8 largest cryptocurrency pairs, to 14 trading pairs with fiat currencies, as well as trading in commodities, including oil, gold and silver.

The developers say that they have simplified the process of installing and configuring the application so much that the user can start using the service in just two minutes. Applications are already available for download. When a user makes a cryptocurrency pledge, Quantfury provides a fiat amount equal to 20 times the pledge amount. 

At the moment, the company accepts collateral in Bitcoin, Ethereum, Tether, and by January 2019 it plans to expand this list. 

Company representatives also stated that the recent collapse of the cryptocurrency market is due to the fact that many startups thoughtlessly used blockchain technology without having any real plans. They are confident that their product is the exact opposite. 

According to cointelegraph.com