Avenir Group-Incubated UMX Launches Beta for Crypto, US Stock Trading

UMX, or The Unified Market Exchange, launched an invitation-only public beta on Monday, the platform announced.

Incubated by Li Lin’s Avenir Group, UMX describes itself as a “crypto-friendly securities platform” and plans to offer cryptocurrency trading alongside real U.S. stocks through a single platform, with a focus on cross-asset capital efficiency. 

Avenir Group is a major institutional holder of Bitcoin exchange-traded funds (ETFs) in Asia and has expanded its investments across traditional finance (TradFi) and digital assets.

Source: The Unified Market Exchange