CoinField’s New Groundbreaking Project

CoinField, a cryptocurrency exchange, is on the verge of making stocks available for trading on the XRP ledger. According to an interview with Decrypt, Bob Ras, the CEO of CoinField mentioned that stocks, fiat-supported Stablecoins and ETFs from different exchanges across the globe will be accessible to traders on the XRP ledger from 2020.

He added that this “ecosystem” will merge non-blockchain conventional market assets with cryptocurrency assets. He announced that CoinField gives its patrons the capacity to tokenize any asset at will and that the tokenizing can be selected from a basket of over 30,000 stocks and ETFs.

Ras concluded by saying that this innovation will help foster the adoption of cryptocurrencies even further.

How Solo Will Work
CoinField plans on using their cryptocurrency, Solo (Ƨ) to serve as a connector for cryptocurrency assets and stocks or ETFs. Solo will then be coupled with fiat currency and will be usable in transactions with other brokerage corporations.

An example is this: Apple shares (AAPL) would get transformed into a tokenized Stablecoin edition of the Apple stock which is AAPLƨ, also, USD would become USDƨ.

These newly created “Stablecoins” can then be traded against XRP as well as Solo on Coinfield’s exchange and XRPL DEX.

CoinField’s Timeline
Confield has been developing this program for the past 6 months. They have collaborated with enterprises like Wieste Wind, and Cashaa to make this project a reality.

The product will be released in the first quarter of 2020 through a public IEO. Solo users will have the ability to exchange their tokens for Bitcoin as well as other assets. They will be provided with a “crypto card” to allow them to use cryptocurrency assets as collateral and can use it instantly anywhere on the planet.

In the second quarter, CoinField plans on releasing an exchange, however, patrons will not be able to use the platform until much later in the year. The exchange is expected to acquire a brokerage licensing from Estonia’s authorities in 6 months.

The establishment is presently headquartered in Canada but they have plans on relocating to Spain.

Crypto Additions Such as (ZEC) Zcash, (ALGO) Algorand: For Binance U.S. Clients

Recall that Binance U.S. has formally launched a month before this time, on Sept 24, 2019, to be exact and consistently it has recorded additions of new coins on its platform, anyway execution of trades on its platform began with Ethereum, Ripple, Bitcoin, Bitcoin Cash, Litecoin, etc.

The Binance U.S. has become incredibly quick to grow. As of late, it added two new options to the cryptocurrencies available on its platform to about 17 cryptocurrencies that are matched against the US dollar (USD). Lately the most recent additions are Zcash and Algorand.

Currently in the year 2019, the addition of Ravencoin, Chainlink was simply available on the web station just this early October while it likewise empowered trading for Dash immediately since the prior additions.

The Binance U.S. Rewards Clients
On the crypto exchange, it likewise offers client-friendly rewards as it is at present issuing verified clients the possibility for fiat and centralized crypto trading freely at no cost till November 1. It is additionally giving a $15 reward for each referral made to join.

Zcash, which has a reputation as the privacy-protecting cryptocurrency created in 2016 has been making waves recently with its proposed ZEC token.
Without a doubt, presently Zcash, Algorand are displayed and available on the Binance U.S. web station.

And as covered in the news release on the Binance U.S. blog post, ALGO, ZEC is on its platform. Clients would now be able to deposit these coins on the platform.

At the hour of this report, trading on these cryptographic forms of money as combined versus the U.S. Dollar has started. The cryptocurrency exchange reiterated that ALGO/USD also ZEC/USD trading will begin on October 17 at 9 pm.

Withdrawals can only be done in the time trading begins. This most recent move of the new addition by Binance U.S. is viewed as a positive development because, at its beginning, it had clarified its expectation of growing its arms to Stablecoins like USD Coin (USDC), Paxos Standard (PAX) and TrueUSD (TUSD).

The Introduced Cryptos
Algorand (ALGO) is cryptographic money or a type of advanced resource. It possesses an all-round supply of 447 Million coins and a maximum inventory of 10 Billion coins. The most dynamic exchange that is trading Algorand is Binance. Algorand is an adaptable, secure and decentralized computerized money and transaction platform. It’s present cost show how much the token price has changed compared with the underlying ICO token cost. Its present value today is about $0.222271 or 0.00002806 BTC.

Zcash (ZEC) is right now the number 30 cryptocurrency by market cap at USD 273.4M. The trading volume for Zcash in the course of the most recent 24 hours is USD 149.1M.