Coindirect, a South Africa-based crypto exchange expands its offering to include an integrated trading exchange for over 40 altcoins. This development takes place just a week after the BitFund exchange entered the South African market.
Altcoins are alternative cryptocurrencies that have been launched post the success of Bitcoin. There are presently hundreds of altcoins available in the market. A lot of altcoins are coming up with newer versions offering competitive advantages.
Experts are of the opinion that the overall cryptocurrency market value is likely to reach around $1 trillion by the end of 2018. Hence, cryptocurrencies are considered as a lucrative alternative investment option by a lot of people these days.
Balfour Investments founded the crypto exchange, Coindirect in 2017. Presently, the exchange has over 5,000 active traders and over 25,000 registrations. The ING International survey revealed that 25 percent of 14,825 participants intend to invest in cryptocurrencies and the remaining 35 percent are of the opinion that Bitcoin is the future of online trading. Thus, it is anticipated that cryptocurrency ownership will double in the U.S. and Europe.
The free wallet feature is a convenient and quick coin conversion option offered by Coindirect, while the marketplace offers a zero percent fee on selling or buying Bitcoin.
As reported by iTWeb, Coindirect’s newly launched exchange will feature an advanced charting functionality, trade history, and a real-time order booking option. The exchange platform offers its users the best possible price. It aggregates the optimal price for the same coin off multiple exchanges.
The exchange offers a streamlined user experience for mobile and desktop users thereby simplifying the process. The exchange also comes with an application programming interface. Stephen Young, chief product officer, Coindirect said that the exchange has undergone a complete re-branding and the launch of the exchange is the first of the many updates that are line up in the near future.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]