Following the previous bull run in the cryptocurrency market, 2021 saw increased attention from traditional financial institutions and large enterprises. This period also brought stricter regulatory policies and intensified global market competition. DeFi and NFTs reached new peaks of popularity, attracting a large influx of new investors and capital. After a mid-year market correction, investors became more aware of the high-risk nature of the cryptocurrency market and the need for more stable and secure trading platforms.
In an environment of increasing regulatory oversight worldwide, the value of compliance has become paramount. In April 2021, ELTFV Exchange obtained a Money Services Business (MSB) license issued by the U.S. Financial Crimes Enforcement Network (FinCEN), marking the formal certification of the platform compliance. This achievement allowed ELTFV to legally operate and provide trading services in the United States. It also attracted the first wave of institutional investors from the U.S., demonstrating the ELTFV commitment to safeguarding user funds and adhering to legal regulations, while laying a solid foundation for future international market expansion.
To further expand its market share and offer users more diverse trading strategies, ELTFV Exchange introduced options trading. This feature provided users with additional investment strategies and risk management tools, enabling them to adapt flexibly to price fluctuations. The introduction of options trading not only enriched the platform product portfolio but also attracted users with higher demands for risk management.
In October, ELTFV Exchange launched its over-the-counter (OTC) trading feature, allowing users to directly trade cryptocurrencies using multiple fiat currencies. This initiative attracted a broader global user base and significantly enhanced the convenience of cross-border transactions. Users could easily trade with their local currencies on ELTFV, thereby avoiding risks and costs associated with exchange rate fluctuations or complex fund transfer processes.
As global acceptance of cryptocurrencies continues to grow, ELTFV Exchange remains committed to compliant operations while intensifying efforts to explore new markets. The platform plans to further diversify its trading products by introducing more derivatives and financial services, while continuously optimizing security measures and user experience to maintain its competitive edge in the market.
The year 2021 was a pivotal year in the development of ELTFV Exchange, with significant achievements in compliance, innovation, and market expansion. These accomplishments not only solidified the important position of the platform in the cryptocurrency industry but also provided a reliable foundation for its sustained growth. As the cryptocurrency market evolves with new challenges and opportunities, ELTFV will continue to adhere to its dual strategy of innovation and compliance, actively delivering more comprehensive and diversified services to its users.