UMX, or The Unified Market Exchange, said on Aug. 10 that it has started an invite-only public beta. Incubated by Avenir Group under Li Lin, the platform is positioned as a crypto-friendly securities venue for global professional investors. It supports spot, margin, futures and options trading for crypto assets, while also offering access to real U.S. stocks, ETFs and U.S. equity options.
The beta is centered on capital movement between crypto asset accounts and securities accounts. According to the announcement, users can convert and transfer stablecoins, borrow against non-stablecoin collateral, deposit to and withdraw from fiat accounts, and convert between securities holdings and stock tokens. UMX also introduced a cross-asset margin mechanism aimed at improving capital efficiency across different asset classes, with wealth management assets eligible to be used as margin.
During the beta, the platform has also listed BTC and USDT wealth management products, with maximum annualized yields of 2.5% and 5.5%, respectively. The test is currently available by invitation only, while users without a beta access code can register interest for the full release and join an early-bird benefits program.
UMX, short for The Unified Market Exchange, announced on Aug. 10 that it has launched an invite-only public beta.
Incubated by Avenir Group under Li Lin, UMX is positioned as a crypto-friendly securities platform for global professional investors. It supports spot, margin, futures and options trading for crypto assets. The platform also supports trading in real U.S. stocks, exchange-traded funds, and U.S. equity options. Its stated aim is to connect crypto assets and real securities trading on one platform and improve capital efficiency across asset classes.
The public beta is focused on opening capital links between crypto asset accounts and securities accounts. Available functions include stablecoin conversion and transfers, borrowing against non-stablecoin collateral, fiat account deposits and withdrawals, and two-way conversion between securities holdings and stock tokens.
To improve cross-asset capital efficiency, UMX has introduced a cross-asset margin mechanism. Wealth management assets can also be used as margin. During the beta, the platform is also rolling out BTC and USDT wealth management products, with maximum annualized yields of 2.5% and 5.5%, respectively.
The beta is being run on an invitation basis. Users who have not received a beta code can reserve a spot for the full release and take part in the early-bird benefits program.
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