Diversify and hedge your cryptos with commodities instantly. Virtuse brings users new possibilities to invest in commodities and major financial assets with an easiness of blockchain using the cryptos as a reserve currency. This is arguably a huge step forward for 4.5 billion users who have no means to access traditional markets, and could also be assisting the adoption of cryptocurrencies.
The ability to buy commodities with cryptocurrency via the Virtuse platform is very new, only being launched in May 2019.
Virtuse Exchange currently offers cryptocurrency trading and exposure to various commodities like gold silver, oil, carbon emissions, coffee, and platinum. Soon we’ll add indices, like S&P 500 and Nasdaq 100, as well as a selection of ETFs. The plan is to continue to expand what is being offered over time.
It is no surprise that the Virtuse platform is very popular among the crypto & financial industry as its services are the first to be of its kind. The platform opens ways for users that have USD Tether (USDT) to purchase traditional assets like Gold, Silver or Oil, and soon many others.
We are building a crypto-commodities exchange platform because, for the first time, we can truly democratize access to investment opportunities on a global scale. You don’t have to be an accredited investor to be able to participate in capital markets. We’re excited to allow anyone to start investing in commodities and take control over their financial future.
Investors are flocking to bitcoin as uncertainty looms on global financial markets. The cryptocurrency’s meteoric bounce this year could be a sign that it’s becoming somewhat of a safe haven amid another global financial crisis.
Traditional safe havens like gold have been for many decades preferred safety play, but many other commodities are also gaining momentum. The benchmark Bloomberg Commodity Index has fallen more than 50% from its 2011 peak even after the recent upturn as investors have been avoiding the asset class.
Bitcoin is still in its infancy, and its volatility is high. Therefore, investors are seeking a safe haven for cryptocurrencies too. Commodities have the inverse correlation to the most assets and the best play for hedging the risks. All that can be seamlessly achieve in our platform.
Virtuse bridges crypto with trillions of dollars of commodities and physical assets, old with then new.
For that to happen we leverage Digital Asset Collateralized Contracts (DACCs), a model that allows an investor to convert their cryptocurrencies into commodities, without having to move money from one wallet to another. The DACCs act rather like a stablecoin whose value can be pegged with a reliable price feed to the value of USD.
DACC is made available for everyone who is making use of USDT or other major stable coins. This contract takes stable coins and pegs it to the value of any investment that the investor might want exposure to. This can be gold, oil or silver.
This just means that when you are buying $1,000 worth in gold, you are making use of cryptos actually to create the contract. In cases where the price of gold is going up, then you will be getting more of USDT. If the price of gold is going to go down, then you will end up with less of USDT.
As the old saying goes, people don’t buy drills, they buy holes. Consumers do not need to know the concept of the creation of synthetic assets. They what the result the tool can get them. They need to buy and sell gold or oil seamlessly and hold in on their private keys. The fact that there are complex market-making operations and the creation of synthetic contracts behind the scenes, doesn’t concern them.
There is no tokenization involved in the process of creating a bridge between the old and new financial markets. And, therefore DACCs are not tokenized commodities. Customers are getting investment exposure to commodities and soon to almost any kind of asset type. The Virtuse’s platform builds a lot of synthetic contract by making use of the DACCs. The investors are experiencing the actual losses and profits of the actual asset type.
Virtuse Exchange allows customers to buy traditional commodities like gold, oil, silver, coffee, platinum or carbon emissions with USDT making Virtuse the first platform of its kind in the world to support crypto for buying commodities. Virtuse will soon offer ETFs as well as indices like the S&P 500 and Nasdaq 100.
Connect crypto with the Virtuse Wallet and our top-tier fiat gateway. VirtuseX is a one-stop-shop where you can onboard, trade, and withdraw with ease. Virtuse will also be adding more fiat currencies in the new future.
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