Exohood creates an all-in-one financial services app
exohood, a decentralized autonomous organization, is building a new online financial platform by the end of the year. “Exo Arato » is the name of the application, which will support payments and access to savings accounts, cryptocurrency, shares of ETF securities listed on the NYSE and Nasdaq. Exohood will establish the base of operations in Estonia and register a license for financial operations in Europe and the United States. Exohood offers exchange, tokenization, NFT market services and will soon expand the ExoUniverse into the metaverse.
As part of the next generation of digital finance, Exohood will combine decentralization with regulated centralization and operate primarily online without physical branches to optimize operating costs and invest in technology and customer support.
exohood hopes to compete with upstarts like Robinhood and Webull or stalwarts like Fidelity, Charles Schwab and TD Ameritrade during this development. Yet the difference between Exohood and Robinhood is that we have Mars and the galaxy, which will be on our side every step of the way.
“We believe that people getting into decentralized finance deserve the same protection as investors in traditional markets, adhering to the same standards, practices, regulations and compliance protocols.”
However, local companies like Robinhood Markets Inc. and Charles Schwab Corp. have a generous head start and millions of additional funded customer accounts. Robinhood’s monthly active users hit 19 million in its most recent quarter, up from 11 million users in the same period of 2020, according to research by Axios.
The stock trading platform developed by Exohood will provide access to real-time stock charts, price alerts, charts, performance data and global market news. Clients will trade whole and fractional stocks directly on the app and place orders after hours. Although they do not trade on margin, a riskier decision is to borrow money to buy and sell securities.
exohood could become one of the most advanced and complete digital financial platforms on the market compared to its European competitors since, among its services, it will offer the possibility of transferring cryptocurrencies to an external wallet. This service is currently not allowed in companies like Revolut. This makes Exohood extraordinary since you can transfer cryptocurrency between Exohood customers without commissions, and you won’t need to place a QR or wallet address with the phone number or email. You can send the parts without commissions instantly.
Through its application, Exohood will offer payment accounts for individuals (business services), debit cards, loyalty plans, discounts on online purchases, Junior accounts, among other benefits.
The project is in the financing phase and has already been offered several investment funds worth $8 million. Our team hopes to close the financing round before the first quarter.
Company Name: exohood
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