Coinlocally is building a hub for cryptocurrency trading and investing
Coinlocally, a new generation cryptocurrency exchange offering advanced financial services, strives to create a safe, reliable and stable environment for traders worldwide.
The crypto startup is using blockchain technology as the basis for its planned next-generation financial ecosystem, which Coinlocally aims to use to realize its vision of removing financial barriers, advancing the global economy, and ultimately changing the world for the better.
Specifically, Coinlocally offers dynamic, advanced trading services and positions itself as the “home of cryptocurrency trading,” as stated on its official website. Besides the classic cryptocurrency buying and selling services, the hybrid exchange (i.e. CEX & DEX) also offers users the opportunity to explore options for other financial instruments such as spot and futures trading.
Coinlocally boasts the support of the top players in the industry
But that’s not all. The platform can draw on the support of industry frontrunners like Binance and Mercuryo, both committed to enabling secure crypto/fiat transactions while ensuring open and mutual connection across the board.
To elaborate on this further, Coinlocally has entered into the partnerships with the above brands to achieve two main goals on different levels. First, the partnership with Binance allows the crypto platform to leverage its deep spot and futures trading market and instill trust in its global user network.
Currently, users can explore Coinlocally’s future platform and take advantage of the USD-M and BUSD options that offer up to 125x leverage. Essentially, Coinlocally acts as a stockbroker for Binance, allowing them to match future offerings with Binance’s, further implying that users will be able to trade all types of Binance perpetual contracts within the Coinlocally platform.
Coinlocally is also able to take full advantage of Binance’s fiat services side-by-side with Mercuryo’s, bringing a full-fledged fintech API to the table. For its part, Mercuryo provides Coinlocally with a wide range of financial services made accessible through a single API integration.
By partnering with Mercuryo, the hybrid crypto exchange is able to leverage a range of fintech services spanning payment processing, fiat-to-crypto exchange processes, regulation and compliance, fraud protection, server support for processing transactions, and payment security Extend blockchain monitoring.
Interestingly, Coinlocally offers more than a hybrid crypto exchange platform with advanced financial services. Among other features, the platform also facilitates access to instant conversion, yield farming (i.e. staking) and margin trading services and will soon provide users with a dedicated NFT marketplace, which is currently in the development pipeline .
Coinlocally’s NFT marketplace and Native Token will soon go public
Slated to go live before the end of July 2022, the dedicated NFT marketplace promises to deliver an exceptional experience that will surpass anything seen on the market today. According to the project’s whitepaper, Coinlocally’s NFT marketplace will have subcategories for a number of important areas, including artworks, music, memes, photography, and virtual worlds, among others.
Coinlocally has further plans to launch CLYC, a native cryptocurrency token that will be used for a variety of purposes including paying exchange fees, withdrawal fees, listing fees, as well as other related fees. The CLYC token is also used for staking and serves as a native distribution token for Coinlocally’s rewards programs.
Coinlocally is offering up to $0.5 for each referred registration as an affiliate commission
Speaking of rewards programs, Coinlocally has prepared a number of different earning programs to roll out to its worldwide network of users, including an angel program that basically aims to pay its affiliate marketers up to $0.5 for each referral registration.
The affiliate feature, dubbed Angel Program, also allows subscribers to earn up to 50% commission from secondary referrals, which compensates for the affiliate program’s second tier of invitees.
Ultimately, while Coinlocally is still relatively new to the broader crypto market, it has rich features, a realistic vision, solid support, and all sorts of other qualities required to thrive in the highly competitive arena.
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