The Lithuanian-based centralized crypto exchange, Venice Swap, announces a new partnership with GEM in the form of a $100 million capital commitment. With this financial set-up, the company continues its mission to address the needs of crypto users who want a one-stop trading experience.
The new partnership comes at an apt time, says Venice Swap. Now, more than ever is there a need for a crypto exchange that centralizes different applications into a powerful and shared experience for its end-users and traders. Through its latest commitment with GEM, the company intends to shape a new way of crypto trading, providing more tools to the global audience.
The company, which owes its name to the extraordinary history of Venice wherein it invented the very concept of a modern stock exchange, is dedicated to becoming an easily understandable and user-friendly centralized crypto exchange for the modern crypto investor.
In line with this, it recently launched its first Crypto Exchange last month with spot, margin, and P2P crypto trading functionalities for the top cryptocurrencies such as Bitcoin and Ethereum. Its simple interface allows users to easily register for an account through the company website and begin trading right away.
The Venice Swap exchange app enables users to trade by swapping ETH and ERC-20 tokens. The platform offers industry-leading security features with most of its cryptocurrency being stored in cold wallets so it cannot be accessed by bad actors. The new exchange maintains full reserves, healthy banking relationships, and high standards of legal compliance to ensure financial stability.
Other features will be released in the next few weeks, says Venice Swap, including the listing of new cryptocurrencies and of new ERC-20 and BSC BEP-20 tokens, IEO features, a referral system, and more. It will also offer its DeFi Swap soon, which is set to be a peer-to-peer system for trading ERC-20 tokens on the Ethereum and other blockchain networks like Polygon.
With the $100 million commitment, it is committed to creating a very safe crypto ecosystem.
Interested parties can find more information by visiting https://finance.yahoo.com/news/crypto-exchange-platform-venice-swap-120000764.html#:~:text=VENICE%2C%20Italy%2C%20April%2021%2C,Facility%20from%20GEM%20Digital%20Limited
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