The Qtum Foundation announced today that users can now leverage QTUM to invest in stocks, cryptocurrencies, commodities, ETFs, and other financial instruments on Quantfury, a trading app available for users outside the U.S and Canada. Quantfury users can now deposit up to $1,000 USD in Qtum and trade or invest in more than 700 financial assets, including QTUM/USD.
With this collaboration, QTUM holders the option to buy stocks or any of the other assets available on Quantfury instantly with dollar funds, using their Qtum tokens as collateral, without having to pay any commission or maker/taker fees.
[perfectpullquote align=”right” bordertop=”false” cite=”Miguel Palencia, Chief Information Officer of the Qtum Foundation ” link=”” color=”” class=”” size=””]“We’re thrilled to offer Qtum holders more frictionless ways to use their tokens. From investments to payments, our users have access to a number of powerful and cutting-edge financial tools.”[/perfectpullquote]
Quantfury offers real-time back-to-back bid and ask prices from key global exchanges, such as NASDAQ and Bitfinex, with zero fees or commissions of any kind. Instead, Quantfury makes money by investing with its own trading strategies, by machine learning of user trading data. Its easy-to-use platform and transparency provide users with access to global markets without having to sell their crypto.
The Qauntfury app now accepts six different cryptocurrencies including Bitcoin, Ethereum, Litecoin, Dai, and Tether.
Qtum is the world’s first digital currency that can execute a smart contract as part of an Unspent Transaction Output, using a Proof-of-Stake model.