Introducing ONAM to the ever-changing world of crypto
Cryptocurrency markets pushed towards a one trillion-dollar market cap in early 2018 and this caught most exchanges off guard. Truth be told we are still at the very early stages of mass adoption and there will be greater milestones and challenges to come.
However, in its current state the rigid infrastructures that most exchanges use will not be able to handle true mass adoption in the future, leading to closures to new customers or abandoning projects all-together.
To address this our team at ONAM has built a platform that is compliant with current and future regulations set forth by the SEC and other regulatory bodies.
It is truly scalable, secure, and feature packed and is suited for current and future needs of retail and institutional traders alike.
As compliance is one of our top priorities, we have retained one of the top law firms experienced in dealing with corporate and securities laws to represent us during our dealings with the SEC, FinCEN, and any other regulatory organizations.
Our commitment to staying compliant extends to our Initial Coin Offering (ICO) phase as well. To do so, we will use Reg S, and Reg D Securities Act exemptions set forth by the United States SEC during our ICO. Compliance with the SEC crowdsale regulations will allow us to conduct our ICO in a lawful manner and help us avoid the cease and desist orders and subpoenas that many ICOs are facing as of late.
Our legal team is working diligently on filing necessary documents to obtain licenses and registrations required by the SEC, FinCEN and other regulatory bodies to operate an exchange, such as but limited to;
- Register as Money Transmitter in all 50 U.S. states
- Obtain a Broker/Dealer License
- Register as an Alternative Trading System (ATS)
- Become a member of Self Regulatory Organization (SRO)
Alongside compliance, we place an equal emphasis on security and the safety of the funds that our retail and institutional customers have entrusted us with.
The combination of our proprietary Advanced Threat Prevention, Intrusion Detection, and Trade Surveillance tools along with encrypted databases, guarantees the safety of your funds and fairness of the market within our platform.
ONAM’s system is powered by machine learning to detect and flag any potential market manipulation attempts to ensure the fair growth of crypto assets, similar to Nasdaq’s SMARTS trade surveillance system.
Our attractive modular user interface takes away the guesswork of market data from being displayed to the user by introducing unparalleled market sentiment tools into the industry to preserve profits and ease the user’s transition into a successful trading experience.
Here at ONAM we are committed to meeting all Roadmap goals we have set and will bring truly scalable, compliant, and secure crypto exchange of the future to the masses.
By placing an emphasis on adhering to compliance, security, and usability ONAM is ushering in a new era of standardization in digital asset trading
