The United States Blockchain & Cryptocurrency market has received a substantial boost of popularity throughout the 2019-20 fiscal years. Multiple providers from international corporations have moved into the USA financial environment, hoping to acquire a small to medium percentage of the overall market share. This was proven again with the announcement that ZuluTrade will be joining the American Market. Operating as a technology firm, they’ll provide an active blockchain service. Their product is unique in comparison to others, with the platform acting as a match-making service. Curated traders and investors engage with each other, allowing for newly registered consumers to acquire strategies from experienced brokers. These strategies can directly be traded into accounts with other exchanges under the ZuluTrade Platform.
ZuluTrade offers this platform to international markets, such as the European Union. They’ve employed algorithmic technology, which allows fund managers and brokers to meet with potentially thousands of newly registered traders. Their raw talents are provided for a service fee. However, multiple issues face the ZuluTrade group before their admittance into the United States market is cemented. Approval on all respective trading strategies must be received from the FCA, which extends to an additional operational license. Those firms unable to obtain consent must wait twelve months before re-applying.
The Chief Executive Officer with the ZuluTrade Group, George Ilias, spoke on this announcement. He mentioned: “We have always attracted an impressive number of users from the United States wanting to try the platform. Our new partnership with ZYTrade will not only enable us to do this, but we are confident that our common passion for customer success will result in building a healthy and successful trading ecosystem.”
The Expansion of ZuluTrade
Those wanting to engage with the ZuluTrade match-making platform can register with them today. Traders must be located in Japan or the European Union, with the United States of America anticipated becoming a viable jurisdiction before April 2020. ZuluTrade is receiving additional help from ZYTrade LLC, an actively regulated firm in the American cryptocurrency market.
These two companies will combine their knowledgeable skillsets to create the ZuluTrade – US Subsidiary. It should be noted that this expansion announcement follows months after they released the Marcaso Platform in Japan, which acts as a functional cryptocurrency exchange. This was possible because of their partnership with Excite One from Japan, which indicates a consistent strategy to partner with a local company before launching the new ZuluTrade product.
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Trading spot currencies involves substantial risk and there is always the potential for loss.