An initial coin offering (ICO) is an event where a company sells a new cryptocurrency to raise money. Investors receive cryptocurrency in exchange for their financial contributions.

In an increasingly global economy, financial institutions are more vulnerable to illicit criminal activities. Know Your Customer (KYC) standards are designed to protect financial institutions against fraud, corruption, money laundering and terrorist financing.

Effective KYC processes are the backbone of any successful compliance and risk management programme, and the demands of meeting KYC obligations are intensifying. With anti-money laundering (AML) and KYC compliance growing in importance as more stringent regulatory requirements come into force, banks and corporates are dedicating significant resources and time to KYC compliance processes. Our CLEPX also complies with KYC, and token buyers should proceed with KYC.

Derivatives are financial contracts set between multiple parties that ‘derive’ their value from an underlying asset or benchmark. The contract is signed between two or more parties that want to buy or sell a particular asset for a specific price in the future. The value of the contract is therefore determined by fluctuations in the price of the benchmark it derives its value from. Often these underlying assets used in derivatives are currencies (or cryptocurrencies), commodities, bonds, stocks, market indexes and interest rates. 

Derivatives are often used when investors want to protect themselves from price fluctuations. With this in mind, you can see how signing a contract to buy an asset for a fixed price in future helps mitigate risks. Another way some investors make use of derivative trading is speculation, whereby traders are trying to predict how the asset’s price might change over time.

The clepx exchange is a derivative exchange, and the country is Brazil. We have a variety of customized derivative idea plans for the best service.