Coinlocally, a flagship ecosystem for cross-asset and crypto-to-fiat conversion, shares the details of a new partnership and unveils plans for technical progress and massive adoption.
Coinlocally, a cryptocurrency conversion and trading service, expands its services toolkit due to an array of amazing partnerships scored. Namely, Coinlocally inked partnerships with Binance, a world-leading crypto ecosystem by trading volume, and Mercuryo, a B2B-focused digital payments processor.
Within the framework of the partnership, Binance has been providing Coinlocally with the infrastructure required to support up to 125x futures trading. Also, Coinlocally obtains the status of Binance Exchange Broker.
In additon, Mercuryo & Binance, Both are boosting the crypto-to-fiat module of Coinlocally: it will add the ability to accept multiple fiat currencies. Global currencies, including the likes of USD, GBR, RUB, EUR and others will be available on the platform.
New services as Savings and Staking platfroms are set to allow a better investing experience ,Coinlocally clients, therefore, will have one more passive income stream without leaving the platform.
NFTs and Coinlocally Coin release are in the cards
Besides new services, Coinlocally unveils the details of the next phases of its product development and promotion. In the coming weeks, Coinlocally is set to release its own marketplace for non-fungible tokens in Q3, 2022. It will introduce the segment of non-fungible tokens to crypto newbies and offer a low-fee seamless trading experience to professionals.
Also, to make the cryptocurrency trading experience more profitable and seamless for all users, Coinlocally is going to launch its utility token in the next quarter. Not unlike Binance’s BNB, Coinlocally’s upcoming token will be integrated into the platform's sustainable economic design.
By the end of 2022, the platform is also going to smash through a crucial decentralization accomplish meant, i.e., its own decentralized cryptocurrency exchange (DEX) launch. Coinlocally’s DEX will move all exchange operations to smart contracts architecture, eliminating the need for middlemen and third parties. This noncustodial trading service will also allow reduced fees and super-low transactional latency.
To sum up, with Binance and Mercuryo partnership, an upcoming DEX and NFT marketplace and its own token launch, Coinlocally is evolving into a full-stack digital bank for the DeFi and Web3 era.
Updated Coinlocally applications have already been deployed on digital marketplaces for iOS and Android smartphones.