CrossTower Launches ‘G-Coin Digital Gold’
CrossTower Inc — a crypto and digital asset exchange which has offices in the US, Bermuda, and India — has introduced the G-Coin digital gold token for its U.S. customers.
A spokesperson said, ” Unlike cryptocurrencies, the G-Coin token is a digital title of ownership to 99.99% pure physical gold that is stored in secured vaults. All tokens thus give buyers ownership of the underlying physical gold, rather than exposure to gold’s price.
“Tokens combine the best qualities of traditional gold – stability, security, and value – with the benefits of digital innovation. Following its launch in the U.S. in 2019 through G-Coin’s proprietary G-Wallet, GCOIN is now available for trade on the CrossTower platform in the United States, along with cryptocurrencies such as Bitcoin, Ethereum and USD Coin.”
Kapil Rathi, Chief Executive Officer and Co-Founder of CrossTower said, “Millennials and youth are tapping into the crypto sector and demand, education, and interest in this sector is on the rise. To boost this, CrossTower is adding this unique option to buy and trade GCOIN.
“In addition, G-Coin provides transparent information to the buyer on where the underlying gold is mined, its ESG principles, and where GCOIN is stored. CrossTower is proud to take on the opportunity to enable every individual to own this popular, traditional asset in a new digital and ESG compliant form.”
“To own GCOIN is to own gold,” said Brent de Jong, Chairman and Founder of G-Coin. “Our partnership with CrossTower, a global leader in digital asset trading, will enable traders keen to manage cryptocurrency volatility and avoid the burden of physical storage, to purchase GCOIN as a natural hedge for their portfolios.
“Blending asset classes to maximize return and minimize volatility is critical and GCOIN provides an alternative to enhance portfolio performance through stability, liquidity, and effective diversification. We see gold as a powerful wealth protector and creator, and we’ve made it our mission to make it accessible as a savings tool and also to give it additional utility as a medium of exchange.”
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