UMX launches beta with crypto and real U.S. stocks

UMX, the Unified Market Exchange incubated by Li Lin’s Avenir Group, launched an invitation-only public beta on Aug. 10 for professional investors, combining crypto trading with access to real U.S. stocks, ETFs, and U.S. stock options. According to PANews and disclosures reviewed, the platform moves capital between crypto and securities accounts rather than running them separately. Eligible users in the beta can trade crypto spot, margin, contracts, and options alongside U.S. securities within the same platform. UMX says its securities service represents actual U.S. share positions rather than CFDs that track prices. It also offers cross-asset tools: “Exchange Transfer” converts stablecoins like USDT into U.S. dollars, while “Loan Transfer” can use other crypto as collateral for stock and ETF buying power. The materials don’t confirm availability for U.S. residents, and details on blockchain, issuers, and custody for converted positions were not identified. Avenir is also testing cross-asset margin treatment and advertising maximum annualized yields of up to 2.5% for BTC and up to 5.5% for USDT, noting these are not guaranteed.