Exohood, a Decentralized Autonomous Organization, is building a new online financial platform by the end of the year. ExoArato is the application’s name, which will support payments and access to savings accounts, cryptocurrency, stocks in ETF securities listed on the NYSE and Nasdaq. Exohood will establish the base of operations in Estonia and registered license for financial operations in Europe and the U.S. Exohood offers Exchange services, token creation, NFT market and will soon develop the ExoUniverse in the metaverse.
As part of the new generation of digital finance, Exohood will combine decentralization and regulated centralization and conduct its business primarily online without physical branches to optimize operating costs and invest in technology and customer support.
Exohood hopes to compete with upstarts such as 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 people coming forward into decentralized finance deserve the same protection as investors in traditional markets, adhering the same standards, practices, regulations, and compliance protocols.”
However, local firms like Robinhood Markets Inc. and Charles Schwab Corp. have a generous head start and millions more funded client accounts. Robinhood’s monthly active users reached 19 million in its most recent quarter, up from 11 million users in the same period in 2020, according to research from Axios.
The stock trading platform developed by Exohood will feature access to real-time stock charts, price alerts, charts, performance data, and global market news. Clients will trade whole and fractional shares directly on the app and place orders after closing hours. Although they will not trade on margin, a riskier move involves borrowing 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 cryptocurrencies between Exohood clients without commissions, and you will not need to place a QR or wallet address with the phone number or email. You can send the coins without commissions instantly.
Through its application, Exohood will offer payment accounts for individuals (services for companies), Debit cards, loyalty plans, discounts on online purchases, Junior accounts, among other advantages.
The project is in the financing phase and is already is offered several investment funds worth 8 million dollars. Our team is hoping to close the financing round before the first quarter.