Bridging the Gap Between FX and Crypto
Why it’s so important, and how CABLEs are revolutionizing the process.
Crypto keeps growing, but the assumption has remained that it isn’t quite stable enough to be a safe investment. Many conservative investors still see crypto as a novelty that may one day pan out, but currently is too risky, while traditional markets are frequently deemed as more dependable and predictable. As the volatility of traditional markets continues to increase, the middle ground between them and crypto is starting to blur. Alongside this, there is a desperate need for these FX markets to be connected on a more global scale to individuals across the world.
As of now, the majority of the world has no, little, or poor option for converting fiat into crypto. The current financial system is tied to only a few global cities, but moving the FX market on chain would allow for a global reach. This on-chain market would also give access to more individuals and institutions within the space.
CABLEs Forward Thinking
Bringing the world's largest market on-chain is not an easy feat, but one that is inevitable in the future. The added layers and middlemen in FX trading make price discovery and trading complex and should be easier for all fiats. The two targeted aspects of the CABLEs project are how bringing blockchain to FX will impact the global market as well as how bringing FX to the blockchain will impact blockchain as a whole.
Bringing The Blockchain to FX
- Risk management on FX Desks
- Replace archaic FX forwards industry
- Lower friction of global trade
- E-commerce Tools
Bringing FX to The Blockchain
- Fiat to DeFi On-Ramps
- Cross-asset borrowing and lending
- Multi-currency auctions (NFTs)
Follow our journey
We are working hard behind the scenes to bring CABLEs to the market as quickly as possible and will continue to share updates across our social media channels. Follow along with our journey across these outlets, and we look forward to connecting with you more in the near future.
