A common narrative in today’s financial world is that crypto holders are often unable to execute trades without paying large amounts of commissions and fees. Traditional markets are loaded with retail brokerages that bet against their clients with artificially adjusted prices, spreads and unrealistic fees.
Enter Quantfury, an emerging enterprise that’s on an ambitious quest to reshape this landscape for everyday cryptocurrency holders and others who enjoy trading the markets. Founded in April 2017 with offices in Toronto and Singapore, Quantfury offers a state-of-the-art trading app for both iOS and Android that allows traders to utilize their cryptocurrency holdings to trade equities, cryptocurrencies, fiat pairs and commodities, in fiat amounts.
Fueled by the smartphone revolution, cryptocurrency owners now have the ability to trade both traditional financial instruments and cryptocurrencies without commissions or other types of fees.
It’s here where the Quantfury trading app delivers an exquisitely well-designed interface for both platform traders and token holders, all in the palm of their hands, free of fees and through real market prices. Crypto holders can register on the app within minutes, select and post their crypto collateral amount and begin trading.
Through the use of the Quantfury app, all financial instruments are quoted in real time, in their nominal currency and with best bid and ask prices delivered directly from the global exchange.
App users get free, fair and transparent trading on both traditional and cryptocurrency markets, including access to myriad sectors and asset classes.
Cryptocurrencies are used to fund the collateral, giving users the green light to commence trading on the app with fiat funds that are 20-times collateral value and free of any leverage fees. All financial instruments are quoted in real time, and favorable bid and ask prices are delivered directly from the global exchanges, representing the best available spreads.
Over the span of 12 years, the company CEO Gregory Kim, who holds a degree in economics from University College London has held top trading positions in “Tier-1” financial institutions, most recently with Bank of America Merrill Lynch.
“Quantfury was started by a group of traders, quants and machine learning professionals who set out to change the exploitative retail trading industry,” Kim said. “The goal was to make trading financial markets absolutely transparent and fair, with zero commission or leverage fees for people worldwide.”
Kim also has a unique strategic direction for Quantfury.
“We are market-agnostic and focused entirely on our product,” Kim explained. “Quantfury, we believe, is a perfect example of an off-chain financial technology company using crypto to onboard users, as well as offer a token model that’s an industry differentiator.
So why should a trader choose Quantfury versus other trading apps?
“Every Quantfury user has the ability to trade with no commissions, leverage fees or any other type of fees, which is unmatched in the retail trading industry,” Kim explained. “Our users buy and sell equities, cryptocurrencies, fiat pairs and commodities at the best bid and ask prices delivered directly from global exchanges.”
Quantfury has received institutional funding from Invictus Capital and the Hyperion Fund to fuel their ambitious project. Unlike many blockchain and ICO projects, Quantfury offers a practical business application of blockchain technology to deliver integrity and transparency at a time when the future of trading is still finding its way.
“We are a fintech company leveraging blockchain and crypto,” Kim said. “Our app is available globally for crypto holders and retail traders.
Note: Trading and investing in digital assets is speculative and can be high risk. Based on the shifting business and regulatory environment of such a new industry, this content should not be considered as investment or legal advice.