Due to the popularity for trading on exchanges, there are several services that allow centralizing operationsas is the case of Cresio. It is possible to obtain information on the status of all the markets where you operate in real time as well as operate simultaneously on multiple exchanges and decentralized platforms (DeFi). These services are especially useful in the context of the regularization of taxes on crypto assets in Spain, since it is possible to obtain a unified history of operations using a multiexchange service.
What advantages does a Multiexchange have?
Multiexchanges allow unifying operations that a crypto user can perform on a daily basis. It is easier to operate through a single panel that provides all the functions you need than using different platforms of all the exchanges you use. What’s more, security is configured through the use of API keys who are allowed a some level of interaction with account funds. For example, it is possible to allow an exchange to trade futures but not spot, and vice versa, among many other possibilities..
In case of misplaced operations or suspicious activity, the connection can be immediately deactivated either through predefined rules or by deleting the key created from the exchange. The use of multiexchange services usually has a very low cost for the user and provides several advantages. Thanks to the unification of accounts it is possible to request a single activity report from the multiexchange that can be attached to the tax return making these steps much easier.
Marketplace NFT
In order to increase the possibilities of operations for users, Cresio has just launched a own market for NFTs with interesting features: auctions, raffles, publication of works, mining of NFTs, etc. This step supports the expansion of the blockchain sector that continues to grow by leaps and bounds. Therefore, so that the users of the platform are up to date on the possibilities of operations, they will now be able to exchange NFTs without leaving their panel. As well it will be possible to move the NFTs that they already own to a wallet that they can manage from the platform to have more security in these assets.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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Investments in crypto assets are not regulated. They may not be suitable for retail investors and the full amount invested may be lost. The services or products offered are not aimed at or accessible to investors in Spain.