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February 14 (SeeNews) - Croatian financial services provider Cuprum Coin said on Tuesday it plans to launch its own crypto exchange Cuprum Coin Exchange (CUCeX) in June in Singapore.
“We want to provide investors with everything in one package, so we are moving in that direction. We have secured several million USD of liquidity for the start of the CUCeX, and we will initially offer trading of CUC with 10 to 15 of the world's best cryptocurrencies,” the founder and CEO of Cuprum Coin, Mario Urlic, said in a press release.
In August 2022, Cuprum Coin launched on exchange its commodity-backed cryptocurrency CUC, with an underlying asset in the form of ultrafine copper powder worth over $30 billion (28 billion euro).
Cuprum Coin is an emmy-liquid PoS native blockchain, a commodity coin, built on forked Tezos.
"Given that we have a native blockchain, our own explorer, why not have our own crypto exchange. It was our vision from the very beginning, to create a marketplace, so we are moving forward with that vision towards realization,” Urlic said in the press release.
“We plan to fully regulate the CUC by the end of 2023, so we will implement it as promised,” Urlic added.
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