Business Description
"Crickto provides a one-stop solution for all types of traders on one platform through a community-driven organization. By providing our users with a platform with all the benefits of a centralized exchange and more, we aim to empower them with a comprehensive solution. A comprehensive solution is offered by Crickto to suit the needs of all traders, no matter their level of experience. At the moment, upcoming users are forced to use centralized exchanges because it is easier to do so. However, with the Crickto wallet, upcoming users will be able to enjoy all of the benefits of centralized exchanges while using a decentralized solution.Crickto enables the creation of entirely novel asset classes whose value is derived from blockchain-based assets. Financial products such as derivatives and margin trades would allow investors to achieve superior portfolio risk management and open up more speculation avenues. Moreover, they facilitate price discovery for the underlying asset, increasing market efficiency. In addition, they permit individuals to express more nuanced opinions about prices and volatility.
Crickto offers advantages over conventional financial products by eliminating the need for a regulated central clearing house. It provides global and equal access and grants users permanent control over their funds. The derivatives market on existing investment infrastructure is vastly larger than any other market for investment assets. It is estimated to be over $1.2 quadrillion, or more than 10 times the global GDP. We believe that as decentralized platforms mature and offer substantial advantages over traditional financial systems, a growing number of traditional assets will be listed on the blockchain. Crickto will provide decentralized protocols that implement crypto-asset-based financial products."
