Thinkcoin Promises Ease On Financial Assets

Inforexnews

ThinkMarkets, one of the best established and regulated Brokers has launched a blockchain based trading network (Thinkcoin) that allows users to trade any financial assets around the world.

The parent company behind the TradeConnect platform plans to democratize the Industry by enabling a trade that can be completed in seconds. Intellectual property rights, resources and trade infrastructure will be licensed by ThinkMarkets to ThinkCoin.

TradeConnect will initially offer only two trading instruments, namely Forex (FX) and Contracts For Difference (CFD). But in the future, they plan to expand its reach to Futures (Futures), Bonds (Bonds), Commodities, Equity, and Complex Derivatives.

The platform will also be supported by ThinkCoin, with Whitepaper depicting a secure, simple, and easy-to-understand digital commerce token.

End of Domination of Large Banks

thinkcoin

The team behind ThinkCoin and TradeConnect believe that blockchain has the potential to provide the biggest shock to the market once again, since the advent of electronic commerce in the 1980s.

Blockchain can reduce the dependence of merchants on brokers and intermediaries. The global market today is dominated by large banks that typically charge unfair, inadequate transparency, and sometimes have undue influence on asset prices.

Under the TradeConnect platform, trades are automatically run through Smart Contracts based on external sources and impartial information. Individuals will also have the opportunity to trade with each other in a peer-to-peer manner (P2P), and all participants will have full control over their funds.