UMX, short for The Unified Market Exchange, has officially launched, according to a BlockBeats report published on Oct. 16. The crypto-friendly securities platform was incubated by Avenir Group under Li Lin.
The company said that since opening its public beta on Aug. 10, UMX has received 788 pieces of product feedback. Of those, 89 requests were incorporated into the newly released official version.
UMX is positioned as a crypto-friendly securities platform for professional investors worldwide. Its core offering covers trading in real Hong Kong and U.S. stocks, ETFs, U.S. stock options, and crypto assets. The platform said it is designed to address issues tied to separate account systems for digital assets and securities, complex cross-market allocation processes, and fragmented purchasing power.
Under UMX’s structure, users can trade real securities and crypto assets within a unified account system, move funds flexibly among securities, crypto assets, and fiat, and access a unified margin framework across asset classes.
UMX, or The Unified Market Exchange, has officially launched, according to BlockBeats on Oct. 16. The crypto-friendly securities platform was incubated by Avenir Group under Li Lin.
UMX said it has received 788 pieces of product feedback since its public beta began on Aug. 10. The company added that 89 of those requests were implemented in the official release.
A platform aimed at professional investors
According to the introduction provided by the platform, UMX is positioned as a crypto-friendly securities venue for professional investors worldwide. Its core products include trading in real Hong Kong and U.S. stocks, ETFs, U.S. stock options, and crypto assets.
The platform said it is intended to address several frictions in multi-asset investing, including digital assets and securities being held in separate account systems, the complexity of cross-market allocation, and fragmented purchasing power.
Unified account and cross-asset margin
Under the unified account structure, users can trade real securities and crypto assets in one account. They can also transfer funds among securities, crypto assets, and fiat, while using a unified margin system across asset classes.
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