Key Points
- •Tokenwell launches US retail crypto app, eyes Europe.
- •Leadership includes Dr. Sheldon Levy and Matthew Morgan.
- •App uses Coinbase and Crypto.com; offers crypto baskets.
Tokenwell Platforms Inc. has launched a retail crypto investing app in the US, marking an initial push into Europe, starting with Germany.
The launch is set to enhance retail access to institution-grade crypto products, potentially affecting major cryptocurrencies like Bitcoin and Ethereum.
Tokenwell Platforms Inc. has launched a retail crypto investing app in the US, with plans to expand into Europe next. The company is focused on broadening investor access to crypto baskets.
Leading the initiative is Tokenwell Platforms Inc. Dr. Sheldon Levy joins as strategic advisor supporting innovation goals. Meanwhile, Matthew Morgan is enhancing institutional alliances.
The launch may impact crypto exchanges like Coinbase and Crypto.com as custodial partners. Users can manage crypto baskets, potentially influencing market liquidity. The app introduces professionally curated crypto baskets and anticipates shifts in retail investment, promoting access to index-like products for diversified portfolios.
Impact and Strategy
Structured portfolio platforms liken to Bitwise and Grayscale's income strategies. Tokenwell’s model emphasizes reduced custodial friction through direct exchange custody. The launch might result in higher demand for BTC, ETH, and altcoins, while adhering to regulatory standards. Tokenwell remains compliant with US app requirements, enhancing investor trust.
"Tokenwell launches retail crypto investing app on App Store and Google Play, providing professionally designed crypto baskets to U.S. retail investors. ... Success in the U.S. will pave the way for European expansion, starting with Germany." - Tokenwell Platforms Inc., Official Press Release
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