Beta Version of UMX Platform Launched for Trading Cryptocurrency and U.S. Stocks

cryptonews.ruPublicado a 2026-08-10Actualizado a 2026-08-10

Resumen

UMX has launched a beta platform that merges cryptocurrency trading with real US stocks, ETFs, and stock options. It facilitates capital movement between these markets rather than keeping them separate. According to UMX, eligible users can trade spot, margin, futures, and options for cryptocurrencies, alongside US securities. The company stressed that it provides actual US stock positions, not CFDs or price-tracking products, with trading available across pre-market, regular, after-hours, and overnight sessions. While targeting global professional investors, access depends on location, account status, and product eligibility. UMX's materials do not indicate service availability for US residents, noting that offering US-listed assets and serving US clients are separate matters pending further jurisdictional details. Key platform features include the 'Exchange Transfer,' converting stablecoins like USDT to USD for a securities account, and the 'Loan Transfer,' allowing non-stablecoin crypto assets to be used as collateral for buying US stocks, ETFs, and options. Additionally, the 'Stocks to Tokens' feature can convert securities into tokens. These tokens may count toward crypto account margin at applicable discount rates and can later be converted back into securities.

According to PANews, the newly established UMX platform has combined cryptocurrency trading with real U.S. stocks, ETFs, and U.S. stock options.

The beta version of the platform is built on the principle of moving capital between cryptocurrency and securities, rather than separating the two markets. UMX stated that eligible users can trade cryptocurrency on the spot market, with margin, via contracts and options, as well as operate with U.S. securities.

UMX emphasized that its service provides users with positions in real U.S. stocks, not in CFDs or products that only track stock prices. Trading takes place during pre-market, regular, after-hours, and overnight sessions.

The platform targets professional investors worldwide, but the scope of access depends on location, account status, and product eligibility. The company's materials do not indicate that the service is available to U.S. residents. The offering of assets listed on U.S. exchanges and serving clients located in the U.S. are separate matters, so the distinction should remain clear until UMX publishes more detailed information on specific jurisdictions.

The main feature of UMX is the bridge between cryptocurrencies and the securities sector. Using the "Transfer to Exchange" function, users can convert stablecoins, such as USDT, into U.S. dollars and transfer funds to a securities account. The "Transfer to Credit" function allows the use of non-stablecoin crypto assets as collateral for purchasing U.S. stocks, ETFs, and stock options.

Furthermore, securities can be converted using the "Stocks to Tokens" function. The resulting tokens can be accounted for in the crypto account margin at applicable discount rates and can subsequently be converted back into securities.

Preguntas relacionadas

QWhat is the main purpose of the newly launched UMX platform?

AThe main purpose of the UMX platform is to integrate trading of cryptocurrencies with real U.S. stocks, ETFs, and stock options, allowing capital movement between these asset classes instead of keeping them separate.

QAccording to the article, what types of financial instruments can qualified users trade on UMX?

AQualified users on UMX can trade cryptocurrencies on the spot, margin, futures, and options markets, as well as operate with U.S. securities.

QHow does UMX's service differentiate itself from competitors regarding U.S. stock trading?

AUMX differentiates itself by providing users with positions in real U.S. stocks, not just CFDs or price-tracking products, and offers trading across pre-market, regular, post-market, and night sessions.

QWhat is the key feature of UMX that bridges cryptocurrency and securities?

AThe key bridging feature is the 'Exchange Transfer' function, which allows users to convert stablecoins like USDT into USD to fund a securities account, and the 'Collateral Transfer' function, which lets users use non-stablecoin crypto assets as collateral to buy stocks, ETFs, and options.

QIs the UMX platform currently available to residents of the United States?

AThe article does not state that the service is available for U.S. residents. It clarifies that offering assets listed on U.S. exchanges and serving U.S.-based clients are separate matters, and more details on specific jurisdictions are awaited.

Lecturas Relacionadas

OCC report finds debanking efforts tied to crypto activities

A report from the U.S. Office of the Comptroller of the Currency (OCC) identifies digital asset activities as one of the industries leading banks to restrict financial services, a practice known as debanking. The report, mandated by a 2025 executive order from former President Donald Trump, reviewed nine major banks and found they had policies limiting services for sectors including crypto, oil and gas, tobacco, and firearms. The OCC stated banks often cited financial crime risks as a reason for restricting digital asset firms, such as issuers and exchanges, but the report lacked specific examples of such debanking. It also highlighted that decisions to debank industries like coal were driven by reputational concerns rather than financial risk. The findings follow industry allegations of a coordinated "Operation Chokepoint 2.0" effort to cut off crypto firms from banking services.

cointelegraphJusto ahora

OCC report finds debanking efforts tied to crypto activities

cointelegraphJusto ahora

Standard Chartered pushes $2T stablecoin forecast to 2030 as transaction volumes grow

Standard Chartered now projects the stablecoin market will reach a $2 trillion market capitalization by 2030, a delay of two years from its earlier forecast. This revision follows a market plateau at around $309 billion this year. The bank's research highlights that transaction volumes continue to grow despite the stalled overall value, indicating existing stablecoins are circulating more frequently as their use cases diversify. Analyst Geoffrey Kendrick outlines four distinct market segments: Tether's USDT leads in emerging-market savings, Circle's USDC is ahead in developed-market payments and AI agent transactions, while both USDC and Ethena's USDe are strong in crypto trading. Intense competition is expected in developed-market payments from new challengers, with the division of reserve yields being a key factor for gaining market share. The forecast comes alongside U.S. regulatory developments following the 2025 GENIUS Act, including proposed rules on issuance and reserve requirements, and potential accounting changes that could encourage broader business adoption for payments and settlements.

cointelegraphHace 28 min(s)

Standard Chartered pushes $2T stablecoin forecast to 2030 as transaction volumes grow

cointelegraphHace 28 min(s)

Fed Governor Bowman: No Urgent Need to Raise Interest Rates, Can Watch Economic Trends

Federal Reserve Governor and Vice Chair for Supervision Michelle Bowman stated that the Federal Reserve is in no immediate hurry to raise interest rates further. Speaking at the International Institute of Finance annual membership summit in Bangkok on October 14, Bowman emphasized the need to take time to assess the impact of the September rate hike and observe how economic and financial conditions evolve before making further policy decisions. While acknowledging inflation remains above target, she stressed a comprehensive, data-dependent approach. Her comments align with recent cautious tones from several Fed officials but highlight an ongoing internal debate. Other officials, including New York Fed President John Williams and Boston Fed President Susan Collins, have indicated openness to one more rate hike this year to combat persistent inflation. Market expectations now lean toward the Fed holding steady at its upcoming meeting, with future policy moves heavily dependent on incoming inflation data, particularly the upcoming September CPI report. Beyond monetary policy, Bowman addressed financial regulation. She critiqued some post-2008 crisis rules for pushing activity outside the formal banking system and called for a "comprehensive reorganization" of the Fed's internal supervisory structure following the Silicon Valley Bank collapse. On technology, she expressed concern about cybersecurity risks from advanced AI models and the capital demands of data center expansion, while also acknowledging the importance of allowing banks to innovate and exploring AI's potential applications in areas like fraud detection.

marsbitHace 31 min(s)

Fed Governor Bowman: No Urgent Need to Raise Interest Rates, Can Watch Economic Trends

marsbitHace 31 min(s)

Rethinking Neobanks

"Rethinking Neobanks" discusses how blockchain and AI are fundamentally reshaping the concept of neobanks. It highlights how platforms like Stripe are modularizing banking functions into APIs, enabling anyone to assemble banking services using components like stablecoins for global accounts, thereby drastically lowering the entry barrier. The article introduces a three-layer framework: the **bottom layer** controls the balance sheet (licenses, deposits, stablecoin issuance); the **middle layer** manages the global account and payment orchestration; and the **top layer** focuses on customer acquisition and embedding finance into specific user scenarios or products. It argues that while assembling a neobank is easier, the core challenge shifts to sustainable profitability and risk management. Companies should start by renting capabilities, then reclaim control over profit-critical areas like low-cost funding or underwriting as they scale. The emergence of AI agents adds a new competitive dimension: control over user authorization and the translation of intent into secure, executable financial transactions. Ultimately, "neobank" may cease to describe a specific industry. Instead, banking is becoming a ubiquitous capability that can be embedded into any product with a user base.

marsbitHace 36 min(s)

The Scene From 1999 Is Repeating Itself

The article draws a stark parallel between the current U.S. stock market and the period leading up to the 2000 dot-com crash. While the S&P 500 hovers near record highs, this strength is deceptive. Beneath the surface, 60% of its components are already in a technical bear market. The index is being propped up almost entirely by the "Magnificent Seven" tech giants, reminiscent of the narrow leadership seen in 1999. Prominent figures like Paul Tudor Jones of Tudor Investment are issuing strong warnings, comparing the present market structure to 1999 and predicting 2027 could be the worst year for stocks since 2002, citing massive upcoming equity supply from IPOs (e.g., Anthropic, OpenAI) and lock-up expirations. Analysts from Goldman Sachs, Morgan Stanley, and BTIG echo concerns about extreme concentration and deteriorating market breadth. Key risks identified include an over-reliance on a few AI-related stocks for index returns and earnings growth, signs of peaking profit cycles, and a potential shift in market leadership from semiconductors to software. The upcoming earnings season for cloud giants, particularly their capital expenditure guidance, is seen as a critical near-term catalyst. Furthermore, rising bond yields (10-year Treasury above 5%) and soaring corporate debt issuance costs add to the pressure. The summary concludes by noting a profound disconnect: despite a 16-fold total return in the S&P 500 since 2009, consumer sentiment is at near-record lows, highlighting the unequal distribution of gains and rising cost-of-living pressures—a social tension that mirrors the speculative excesses of the late 1990s.

marsbitHace 38 min(s)

marsbitHace 38 min(s)

Trading

Spot