UMX launches beta with crypto and real U.S. stocks

UMX, the Unified Market Exchange incubated by Li Lin’s Avenir Group, launched an invitation only public beta on Aug. 10 for professional investors. Summary UMX launched an invitation-only beta combining crypto trading with real U.S. stocks, ETFs and options. Users can convert USDT into dollars or borrow against crypto to fund securities purchases directly. UMX says securities positions represent actual shares rather than CFDs or purely price-tracking tokenized products. Stock holdings can be converted into tokens and counted toward crypto account margin requirements directly. Avenir held 18.28 million IBIT shares at March 31, retaining Asia’s largest institutional holder ranking. The platform combines crypto trading with access to real U.S. stocks, ETFs and U.S. stock options, according to a PANews report citing official disclosures. The beta is built around moving capital between crypto and securities accounts rather than keeping the two markets separate. UMX says eligible users can trade crypto spot, margin, contracts and options while also accessing U.S. securities through the same broader platform. UMX beta combines crypto and real U.S. securities UMX says its securities servic...