WRIT Media Group, Inc. has announced the beta availability and website for its CrypStock cryptocurrency exchange. CrypStock’s goal to combine the uniqueness of cryptocurrency with the benefits of a user-friendly but sophisticated exchange system. The platform aims to give a good user experience matched with fast support, and will add new digital currencies based on popularity and requests by account holders.
The Company plans to introduce a number of proprietary trading modules, including:
•Binary options on the Bitcoin/USD pair – the simplest type of derivative financial instruments, allowing traders to make potential profit from trend forecasting.
•Futures on the Bitcoin/USD pair – the a popular financial instrument, providing an ability to trade with big leverage and volume.
•Algorithm trading subsystem – traders will benefit from a friendly visual wizard for automatic trading creation, back-testing and real-time execution.
Eric Mitchell, President of WRIT Media Group, remarked: “Although the addition of another crypto-currency exchange may seem trivial, the development creates a potential shift in the cryptocurrency landscape, allowing more users direct access to the Company’s Pelecoin currency. Pelecoin will trade against Bitcoin and other digital currencies, effectively creating a direct path between a non-Bitcoin asset and Bitcoin funding. Having the opportunity to test and plan, with early access by real clients, has been very helpful while preparing for the planned 2017 CrypStock launch,”
WRIT Media Group plans to integrate a full system into the platform to run a digital currency exchange, including a solution for automatic market-making on exchange using third party exchanges. When launched, it will work with Pelecoin, bitcoin and other digital currency exchanges around the world.
New users can sign up online for free and secure their own CrypStock trading account by completing a New Account Application Form. Once registered, users can navigate the beta version of the trading platform to monitor trading prices for various digital currencies, execute sample trades in various currencies, and provide feedback to WRIT Media Group’s active development and support team.
Upon its completion of external user acceptance testing, the exchange intends to register as a Money Service Business with the United States Department of Treasury and other necessary regulatory agencies in the US and abroad. Once registered, Pelecoin may be traded in several states in the US as a digital currency. Pelecoin is also finalizing the technical and regulatory ability to trade in Asia and other continents. Qualifying account holders will then be able to trade Pelecoin, other digital currencies, and derivatives on the Company’s proprietary CrypStock trading platform.