UTEX

2021-04-15 19:43:47 Robinhood — a popular U.S. investment app

We have launched trading in Robinhood pre-IPO futures on the UTEX exchange. Founded in 2013, this company swept the brokerage market in a short period of time by offering commission-free trades of stocks via a mobile app which led to a fast-growing customer base.

Robinhood took off after the U.S. authorities rolled out a massive relief program to keep the economy afloat amid the lockdown: many Americans used their stimulus checks to invest in the stock market. As a result, by February 2021, the app had racked up 23 million users.

Robinhood enjoys a great growth potential: only 25% of America’s millenials have Robinhood accounts. The growth is expected not only in the number of new users but also in the amount of capital invested, as net earnings and savings are increasing rapidly at the current stage of life of millenials.

Robinhood is evolving from a discount stockbroker into a complete financial platform that can serve all the financial needs of the customer, including loans, insurance, etc. The company also benefits from diversifying toward more innovative financial areas, like cryptocurrencies.

The company has already filed an S1 registration statement with the SEC, and its listing is expected at the end of 2021.

Robinhood’s common stock (the underlying asset for futures on the UTEX exchange) is traded on the OTC market for nearly $63, which approximates a $47 billion valuation. We estimate that Robinhood’s revenue tripled over the year 2020 and is projected to reach $3-4 billion by the end of 2021. The company’s profitability, steep growth, and strong competitive positioning can drive after its value up to $70-90 billion after the listing.

Robinhood pre-IPO futures here https://bit.ly/3adKdbH Open / Comment

2021-04-15 10:52:19 Tomorrow, April 15, 9 a.m. to 10 a.m. (MSK) the trading exchange's core will undergo an update to improve its fault tolerance. During the update, UTEX's main services (trading, wallets, etc.) will be out of order. We will let you know immediately after the… Open / Comment

2021-04-14 16:08:14 Tomorrow, April 15, 9 a.m. to 10 a.m. (MSK) the trading exchange's core will undergo an update to improve its fault tolerance. During the update, UTEX's main services (trading, wallets, etc.) will be out of order. We will let you know immediately after the update is over and the exchange is fully restored. Open / Comment

2021-04-09 10:03:01 A new trading instrument has appeared on the UTEX exchange — deliverable futures for crypto assets

The underlying asset for the first contract of this kind is the Flow token. The futures is already traded on UTEX, and due to the lock up period, its price is lower than the price of the Flow token itself on the spot market.

The distinct feature of deliverable futures is that at the time of expiration the seller delivers the underlying asset (in this case, tokens) to the contract holder at the transaction price.

Deliverable futures on the UTEX exchange allow the seller to fix the price of the underlying asset, and the buyer — to make money on the temporal risk that the seller wants to avoid. Pay attention that short positions are currently available only to the market maker.

The expiration of deliverable futures occurs gradually, according to the schedule published before the start of trading. At the time coins are in the lockup period.

Today, the first delivery futures — on the Flow token — began trading on UTEX. This is the token of a blockchain developed by Dapper Labs, who created the CryptoKitties game. Flow is a perfect option for large-scale decentralized applications that use collectibles in the form of NFT tokens.

Due to the lock-up period, the initial price of the futures is less than the Flow token's spot price.

The expiration of the Flow futures will be split into 13 stages taking place from November 2021 to November 2022. The trading continues as usual between the expirations.

At the time of expiration, some or all of the positions are closed for futures holders', and in return, the equivalent amount of the Flow tokens is accrued to their UTEX account.

Buy Flow Token Futures https://bit.ly/3fYevD4

Check the article on UT Media for more information, and the expiration schedule is available on the UTEX website. Open / Comment

2021-04-06 19:29:55 Klarna — a new futures on the UTEX exchange

Klarna pre-IPO futures’ trading has started on the UTEX exchange. The futures expire on the 200th day after its IPO or otherwise entering the public market.

This company was founded in 2005 in Sweden and evolved into an alternative to banks for retail consumers. The main service is an app for making purchases on credit, which is integrated into online stores. Today, Klarna is a global payment system used by more than 85 million private customers and 200 thousand major online stores: H&M, IKEA, Samsung, Asos and others.

Klarna is operating in a promising online retail market that, as projected by eMarketer, will grow from $3.4 trillion in 2019 to $5.8 trillion in 2023. Moreover, according to the Worldpay report, customers are increasingly prefer buying goods online based on the principle "buy now, pay later".

Over the years of its operation, Klarna has raised $3.1 billion of investment. The last investment round took place in March 2021: Klarna received $1 billion at a valuation of $31 billion. Currently the company's total valuation on the OTC market is $40 billion, with a single share price of $1606.

Klarna revenue in 2020 was $1.3 billion, and the company grows by an average of 40% annually. The company's gross margin is at a high level of 70%. The main driver of the company is the growth of revenue and margins in new regions (USA, UK and others). The projected equity value of Klarna on the public market will be $65-75 billion provided the current growth trajectory is maintained. The expected date of listing on the exchange is late 2021 - early 2022.

Buy Klarna pre-IPO futures here https://bit.ly/3fMUQ99 Open / Comment