Trump Crypto Exchange Enters Cryptocurrency Market

The Trump Crypto Exchange is finally making its move into the cryptocurrency market. The exchange is aiming to provide a secure and reliable platform for users to buy, sell, and trade cryptocurrencies.

With a focus on user experience, the Trump Crypto Exchange is designed to be user-friendly and accessible to both beginners and experienced traders. This is evident in its sleek and modern interface.

The exchange will support a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. These popular cryptocurrencies are widely accepted and traded, making the Trump Crypto Exchange a great option for those looking to get started.

The Trump Crypto Exchange is committed to maintaining the highest level of security and transparency, with robust measures in place to protect user funds and personal data.

Donald Trump has formally introduced World Liberty Financial, a crypto venture led by two digital currency entrepreneurs with little experience running high-profile businesses.

The venture has already raised concerns about the former president's conflicts of interest and has alarmed some of his most vocal supporters in the industry.

Trump has promoted the venture since August, but its exact purpose remains unclear.

No official launch date has been set, and Trump did not address the project directly on the livestream.

The two entrepreneurs behind the venture, Chase Herro and Zachary Folkman, have little to no experience running high-profile businesses.

Herro has described himself as "the dirtbag of the internet", while Folkman used to teach classes on how to seduce women.

Trump's involvement in the crypto venture would create serious conflicts of interest if he were elected in November, according to Danielle Brian, executive director of the Project on Government Oversight.

The Securities and Exchange Commission has cracked down on the industry, arguing that nearly all cryptocurrencies are unregistered securities and ought to be regulated like stocks traded on Wall Street.

Trump has been a vocal critic of cryptocurrency in the past, describing it as "not a fan" of cryptocurrency in 2019 and tweeting that it "can facilitate unlawful behavior, including drug trade and other illegal activity."

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The market impact of Trump's involvement in crypto is clear: the total cryptocurrency market value has soared to an all-time high of $3.16 trillion, according to CoinGecko.

Bitcoin has skyrocketed over 32% since Nov. 5 to an all-time high of more than $93,000 as traders bet Trump's promised support for digital assets would lead to a less restrictive regulatory regime.

Shares of Bakkt, backed by NYSE-owner Intercontinental Exchange, were up 162.5% on Monday after the Financial Times reported TMTG's potential purchase, and continued to rise 14.8% in premarket trading Tuesday.

Ethereum has jumped about 32% since the election, while the market value of decentralized finance-focused tokens touched a five-month high of $93 billion.

Open interest on derivatives exchanges is at a record high of over $102 billion, according to Coinglass data.