The First Blockchain Escrow for Financial and Cryptocurrency Markets
Millions of traders have the potential to earn on marginal trading with high leverage. Trading in this form allows for high yields, but with corresponding high risks involved. Different assets used for these transactions include currencies, cryptocurrencies, stock, index and commodity CFDs and other instruments. A significant number of traders are not protected from fraud by intermediaries (such as brokers, dealers and even exchanges themselves).
Interestingly, the Foreign Exchange Market which is arguably the largest financial market by volume is the most dubious due to the lack of control and standards. Currently, protecting the trader’s interest in this sphere is difficult.
In summary, traditional regulation of the market is ineffective, outdated, and cannot be relied on to protect investments of retail clients. Nevertheless, blockchain can solve the problem. That is why we created SERENITY.
We have created SERENITY — a blockchain platform that protects the interests of traders and investors. We ensure security of traders’ funds by placing them on SERENITY smart contracts. The contract is created and structured to ensure that funds transfer proceed only by the mutual consent of the trader and the broker. If a conflict occurs, SERENITY can mediate in the transaction.
For the decision to be transparent and legitimate, SERENITY records digital signatures of broker-trader interactions in blockchain. The technology reduces commonly associated financial risks for traders in any part of the world.
What is more? Crypto traders can invest in classic assets while keeping their accounts in nominated cryptocurrency and receiving profit in cryptocurrency.