This Monday, October 20th, Roxom, a stock exchange that uses Bitcoin (BTC) as its native currency and unit of account, was officially launched worldwide.
Co-founded by Argentinians Borja Martel Seward and Nicolas D’Amico, the platform allows for the first time perpetual futures trading in traditional assets such as the S&P 500 index and gold, settled directly in Bitcoin without using fiat currencies.
In this first phase, Roxom is offering products such as gold and WTI crude oil, as well as perpetual derivatives on the S&P 500 and Nasdaq 100 indexes. This allows investors to take long (buy) or short (sell) positions in these markets using only their Bitcoin holdings.
“By introducing a Bitcoin-denominated benchmark, we are creating a neutral and transparent global standard,” said Borja Martel Seward, co-founder of the company.
The launch materializes a proposal reported by CriptoNoticias in July 2024, when the project was announced with backing from investors including Tim Draper and David Marcus. Roxom’s mission is to build a financial architecture that connects Bitcoin to traditional finance in a marketplace that operates 24/7.
From the perspective of its creators, the development of a Bitcoin-denominated capital market is the next step in the evolution of digital assets, moving from a store of value to an institutional unit of account.
The main milestone of this platform is to facilitate the flow of capital between different asset classes without the friction and intermediation of government-issued currencies.
(Tag Translation) Argentina
