Blockchain entrepreneur Mykola Udianskyi, who is the creator and ex-co-owner of the TOP cryptocurrency exchange Coinsbit, announced his intentions to buy out the old trading platform LocalTrade, which belongs to localtrade.pro LLP.
SEC License, Futures & OTC Trading
Negotiations to buy the company are in the final stages. In addition, it became known that Mykola Udianskyi’s lawyers practically agreed with the financial regulator of Montenegro on obtaining a license for the exchange. In this regard, the main audience of the trading platform will be citizens of the EU and the countries of the Balkan Peninsula. LocalTrade‘s licensing activities will resume in the spring of 2021 with a new office in Podgorica, the capital of Montenegro.
According to the plans of the future owner, the exchange will be significantly updated technically. Many upgrades are planned, such as: margin trading, futures, stop-loss orders, OTC trading and much more. Thus, the exchange will have a complete set of trading tools that fully meet the needs of the market. In addition, the developers are already in the process of creating a platform for conducting regulated STOs based on LocalTrade.
More Information about LocalTrade
Since 2016, the cryptocurrency trading platform has been featured in the Coinmarketcap ranking. Almost all trading volume is made up of three main pairs: ETH/USDT, BTC/USDT, and ETH/BTC.
LocalTrade platform has been translated into 7 languages, including:
What Is Mykola Udianskyi Famous For?
Recall that Mykola Udianskyi has extensive experience in doing business in the blockchain industry, and became the “Blockchain Entrepreneur of the Year in the CIS” according to the Hackernoon.
In November 2019, he sold his holdings at Coinsbit and invested in the marketing company Prmr.com. Mykola is also the CEO of the bitcoin fork project Bitcoin Ultimatum (BTCU) and the founder of a number of other large projects.