Forex in crypto for everyone
Cryptocurrency as a financial instrument today enjoy a great interest of the public. Capitalization of the cryptocurrency market from the January of 2017 has risen more than 10 times. Users of cryptocurrency, who’s number become higher every day usually are attracted to the field of Internet trading. However, nowadays there is no mechanism which would incorporate these two areas into a single eco-system with convenient and understandable to the holders of the cryptocurrency functions.
Today, the vast majority of brokers on the stock exchanges open accounts of their users in fiat currencies – US dollars, Euros and others. Which means that all transactions within the exchange are carried out in these currencies. Such an approach prevents interested users from a number of countries with rigid exchange restrictions from joining the trading market – most of the Arab countries and Asia. The need to license the work in the field of trading complicates the activities of the companies and significantly increases their costs.
Another problem with the trading market is different commission fees for banking services and the losses due to unfavorable exchange rates. Nowadays, while effecting any transactions within the exchange, the broker is obliged to use the services of third parties, that is why he loses 5-6% on each trade. And unfavorable terms of exchange of cryptocurrency for fiat currency with the aim to participate in trading scare away most members of the cryptocurrency community from the participation in the market.
Larson & Holz is led by John Larson (Main Investor and Founder), Georgy Pavloff (Chief Operation Officer), and Alexandr Smirnoff (Chief Audit Executive). The company is based in Hong Kong.
LH Crypto, or LH Coin, is a new crypto initiative launched by Larson & Holz forex brokers. The initiative seeks to create a new crypto called LH Coin that can be used for all forex and binary trading services on the Larson & Holz platform. Investors can use this currency to make a deposit or withdraw on the platform.
Overall, the goal is to create crypto that can be used to circumvent financial regulation in certain countries. Certain countries prohibit online gambling, binary option trading, and other activities that use the national currency, but the same restrictions do not always apply to crypto.
With that in mind, Larson & Holz want to create tokens that can be used as utility tokens on the platform, while tokens can also be used as an investment: token holders receive revenue as part of a cashback program, for example, and Larson & Holz has a system that guarantees returns % for investors – that’s what Larson & Holz believes about their success rate.
What is LH Crypto?
LH Coin, found online at LH-Crypto.io, is a crypto that will be used to pay for trading activity on a binary / forex trading platform. As the holders of the LH Coin token, you receive a monthly income from operational activities on the platform.
The platform behind LH Crypto or LH Coin is called Larson & Holz. This is a forex broker and binary option trading platform that has been in the market since 2004. Currently, the company has offices in Asia, Europe and Latin America.
With their ICO Crypto LH, companies are trying to raise funds to create crypto versions of their brokers, where all operations are processed exclusively in crypto. They do this because they want to avoid strict rules about binary options and national currency. Companies believe they can avoid this problem by using crypto.Larson & Holz is the company behind LH Crypto and LH Coin. The company has been in operation since 2004.
Currently, Larson & Holz continues to offer forex trading and binary options trading. With their ICO Coin LH, the company is trying to raise money for a transition service to crypto. The results from ICO will be invested into separate brokerage branches, where all operations are processed exclusively in crypto. That means deposits, withdrawals, and other operations occur in crypto.
“In the final stages of the project this transaction will be processed in the token broker. This little modernization will radically change the brokerage economy, “the official website explained.
The ultimate goal is to give Larson & Holz access to new markets for its services. It will also allow companies to operate in countries that have hard currency regulations (LH Coin whitepaper labels identify, China, Arab countries, and some Latin American countries).
LH-CRYPTO offer :
- Wide range of cryptocurrencies and other instruments – Forex on fiat currencies, precious metals, major companies’ shares and commodities
- All the settlements with traders are done in cryptocurrencies. We accept and open trading accounts in BITCOIN, ETHEREUM, LITECOIN, etc.
- You can make deals with sums 100 times larger than your account balance. This way your profits for trading operations grow proportionally
- You can earn on both growth and fall of cryptocurrencies rates by selling CFDs for the trading asset in question
Source for more information:
Website : /https://www.lh-crypto.com/
Whitepaper : https://lh-crypto.io/static/WhitePaper_en.pdf
Twitter : https://twitter.com/LHCrypto
Linkendin : http://www.linkedin.com/company/larson-and-holz
Medium : https://medium.com/@lhcrypto
Telegram : https://t.me/LHCrypto
Slack : https://larsonholz.slack.com/