Through this article we will take a look to the world of cryptocurrency and blockchain technology and we will explain why the traditional financial systems are no be longer attracting investors. we will also take an overview about the cryptocurrency exchange. then we will take a look to the IronX exchange and why its different than the others exchanges and how it will help the community of the cryptocurreny.
You’ve probably heard quite a lot lately about cryptocurrency. If you’re like most people, it’s also not something you’re terribly familiar with. The technologies of cryptocurrency and blockchain are still in their infancies, and just like with any brand-new innovation that has the potential to drastically change how we live our lives.
Over the last couple of years the term cryptocurrency has been rapidly gaining the public eye. While cryptocurrency as an accepted payment method is still in its infancy, businesses around the world are getting on board. Cryptocurrencies or they have become commonly known “digital money” are based on the blockchain technology. This technology in simple terms creates a digital ledger of all assets, whether money, tangible properties, vehicles or stocks. The Bitcoin is the most widely used cryptocurrency but is one of many others currencies and trade is made on various digital platforms.
Over the last couple of years the term cryptocurrency has been rapidly gaining the public eye. While cryptocurrency as an accepted payment method is still in its infancy, businesses around the world are getting on board. Cryptocurrencies or they have become commonly known “digital money” are based on the blockchain technology. This technology in simple terms creates a digital ledger of all assets, whether money, tangible properties, vehicles or stocks. The Bitcoin is the most widely used cryptocurrency but is one of many others currencies and trade is made on various digital platforms.
Why traditional financial systems not attracting the investors?
A large number of intermediaries such as primary banks, brokerage firms and intermediary banks are usually involved in trading and financing activities, which means that high fees are being deducted from investors on multiple stages. Excessive bank and brokerage fees can be unattractive and debilitating for investors looking to access different markets.
Also the time is of extremely high value for people who engage in trading or seek financing. Unfortunately, due to having a highly centralized data processing structure in the financial world, a great deal of time will be lost, leading to loss in lead and edge. Additionally, local compliance standards such as KYC and AML are in some cases irrelevant or outdated when trying to comply with international compliance standards. Thus, causing significant complications for foreign investors who are looking for exposure to the local markets.
Also the time is of extremely high value for people who engage in trading or seek financing. Unfortunately, due to having a highly centralized data processing structure in the financial world, a great deal of time will be lost, leading to loss in lead and edge. Additionally, local compliance standards such as KYC and AML are in some cases irrelevant or outdated when trying to comply with international compliance standards. Thus, causing significant complications for foreign investors who are looking for exposure to the local markets.
Introduction to the cryptocurrency exchange
A cryptocurrency exchange is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. A cryptocurrency exchange can be a market maker that typically takes the bid-ask spreads as a transaction commission for is service or, as a matching platform, simply charges fees.
Why IronX is different than any other exchange?
IronX will provide the market with its platform which allows for in-depth and custom market analytics of all the major digital to fiat and digital-to-digital currency pairs by:-
- Providing safe and easy access to the mass retail market into the crypto market.
- Enhancing deep liquidity via its existing, wide customer database.
- Leveraging existing practices, process, solutions, and real operating company functions such as back-office, risk management, account management, payment and banking solutions.
- Inviting crypto investors who wish to diversify and add low-correlation asset classes offered on the IronX group trading platform to their investment portfolios.
Using the IronX Exchange
By using the IronX Exchange for exploring the possibility to bridge the gap between traditional finance and the world of crypto trading by addressing the following challenges with effectiveness and experience.
- Lack of regulation
- Poor liquidity
- FIAT funding
- Customer support and quality of service
- Technical architecture and transactional experience
- Online security
How the IronX Exchange will help
- It will facilitate the entrance of new users to crypto trading with increased ease of entry on the right basis, higher efficiency, and lower costs.
- It will enable a safe and easy transition from the mass retail market into the crypto market.
- It will enable direct access to the low-correlation asset classes that are offered on the IronFX Group trading platform.
- It will provide an overall increase in adoption and awareness of cryptocurrencies and crypto trading which will lead to greater use of infrastructure.
Finally
Building a cryptocurrency exchange is not an easy task. Building an exchange that provides a complete set of tools and features is an even more challenging ambition. The IronX Exchange ecosystem aims to foster a community of users and traders supported by a specialized team of customer service representatives. Users will interact on an advanced site designed to deliver specialized customer service in parallel to its regular platform use, thus creating an optimal exchange with ease of operation for new and experienced traders alike.
✅Website: https://www.ironx.com/
✅Whitepaper: https://ironx.io/IronX_WP_Version_1.2.pdf
✅Twitter: https://twitter.com/IronXExchange
✅Facebook: https://www.facebook.com/IronXExchange/
✅Reddit: https://www.reddit.com/r/IronX_Exchange/
✅Telegram Group: https://t.me/IronX_exchange
✅Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5059654
✅Whitepaper: https://ironx.io/IronX_WP_Version_1.2.pdf
✅Twitter: https://twitter.com/IronXExchange
✅Facebook: https://www.facebook.com/IronXExchange/
✅Reddit: https://www.reddit.com/r/IronX_Exchange/
✅Telegram Group: https://t.me/IronX_exchange
✅Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5059654
Author of the article:
✅Bitcointalk username: Erik_Smuel
✅Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2020517
✅My Ethereum Address: 0xA009D96EFB69bC8e328d43c4d18dd9B6d7422BC8
✅Bitcointalk username: Erik_Smuel
✅Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2020517
✅My Ethereum Address: 0xA009D96EFB69bC8e328d43c4d18dd9B6d7422BC8
