Crypto exchange, IronX, will be launched in the fourth quarter, the FX brokerage firm IronFX Group confirmed on August 29. This new trading venue has been created in collaboration with a Hong Kong-based blockchain creator and accelerator of the ADA Coin and the Cardano Blockchain, EmurgoHK Group. The soon-to-be-launched exchanged is pursuing regulation under a Gibraltar’s bespoke license for fintech firms that use blockchain technology.
This new exchange will be operating as a service-focused regulated exchange that facilitates funding via both cryptocurrencies and fiat. The FX brokerage firm IronFX intends to use its accumulated experience in order to move positions from cryptocurrency trading into traditional online trading.
The IronX crypto exchange’s ecosystem will facilitate its customers to use their digital assets and crypto accounts to partially or fully move positions into the IronFX’s platform. In this manner, the firm intends to attract investors who are looking for an easy means of switching between traditional asset classes and crypto.
Additional Benefits For IRX Token Holders
The unified trading platform will consider its IRX token as the primary coin for the exchange platform. IRX coin holders will reap benefits in a variety of ways. They will be entitled to additional incentives and services based on holding levels. Discounts will also be issued on spread paid in IRX tokens to IronX traders. Apart from this, they will also earn trading bonuses, personal customer support service, VIP account status and much more.
The relationship with EmurgoHK Group has been strengthened by IronFX after the multi-regulated foreign exchange trading provider adopted the former’s ADA Coin as a base account currency on its platform, as stated in the Finance Magnates report.
The IronX crypto exchange will facilitate its clients to perform a wide range of functions using the virtual coin and without having to convert to fiat currencies. The ADA account holders will be able to deposit, withdraw balance and assign margin for their trades on traditional assets, including stocks, forex etc. using the cryptocurrency.[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. ]