Avenir Groupโs UMX launches an invite-only closed beta, connecting crypto assets with real U.S. stocks.
This beta offers a fairly complete product lineup: spot, margin, futures, and options are all available, along with support for trading real U.S. stocks, ETFs, and U.S. stock options. In simple terms, with one account you can trade both crypto and U.S. stock assets.
The platform has put a lot of thought into cross-asset capital efficiency. A few key points:
1. ใExchange & Transferใ: Stablecoins like USDT can be converted to USD with one click, then directly transferred into your securities account to buy U.S. stocks.
2. ใLending & Transferใ: Use non-stablecoin assets like BTC and ETH as collateral to gain purchasing power for trading U.S. stocks, without having to sell your coins in advance.
3. ใStock-to-Coinใ: Your securities holdings can be converted into corresponding stock tokens. They are added to your crypto account margin based on a discount rate, and you can also convert them back into real securities.
4. Cross-asset margin mechanism: Eligible wealth-management assets can also be used as margin.
During the beta period, BTC and USDT wealth-management products were also launched, with annualized yields up to 2.5% and 5.5%, respectively.
On the compliance side, the platform supports fiat account verification. After opening a fiat account in your own name, you can perform deposits and withdrawals.
UMX is positioned as a crypto-friendly securities platform for global professional investors. Its core selling point is โone platform, cross-asset, and seamless capital interoperability,โ eliminating the friction of frequent transfers across multiple accounts and platforms in traditional setups.
Itโs currently invite-only. Users with a beta code can register for an experience via the UMX official website; those who havenโt received a code can pre-register for the official version and join the early-bird benefits program.
For users who hold both crypto and U.S. stocks, this kind of โintegratedโ product experience is definitely worth watching.
#UMX #AvenirGroup #Crypto and U.S. Stocks