TY Crypto Capital. This brings me back to my original question, which banks are you working with?
For a real-world example:
I live in US, NY, NYC, which bank would I be dealing with? I'd like to contact that bank and verify your involvement with it.
TY again.
Re. "no need to trust or provide your information to the trading software provider, they are a software company, not a financial one":
An exchange operator is an exchange operator, a software provider is a software provider. If the software provider happens to also be running the exchange, he becomes both. I'm afraid you've been mislead by your legal counsel.
We currently do not work with a Bank in the U.S, but we will provide a funding option directly to US customers in the near future and will update our customers as soon as it is setup.
We act as exchange operators, and the "exchange" companies are software providers to our financial company. If you used trading software, is your agreement with the software company that made the software or the broker that provides the software to you as a client. If you use online banking software provided by your bank to handle your banking needs do you interact directly with the software company that wrote the software for the banking platform? Of course not. We provide exchange software developers to option to engage customers without holding money in their own account, but in an escrow account. An exchange software provider manages the software, they do not need to physically handle your money, they only need to run and manage the matching engine software.
Think about coinfloor, a UK exchange that uses a money transmitter to hold the funds in escrow and receive and send them back and forth on behalf of their customers. We do the same thing, but on a global multi-currency platform.
Thank you for showing an interest in our services.