Overview
A crypto exchange is an online website that provides a platform for the buying, selling, or exchange of cryptocurrencies like bitcoin, ether, and litecoin for fiat money like USD, EUR, GBP, etc. The website are marketplace where potential buyers and sellers of cryptocurrency can place “buy” or “sell” orders. The buyers and sellers do not interact with each other. Each person only interacts with the platform. The service charges fees upon the conclusion of every transaction.
The Emirex Exchange is a UAE-based cryptocurrency exchange built to help consumers and institutions in UAE and across the Middle East to join the digital economy revolution. Its services are reliable, safe and simple, and are accessible through the web app. Emirex mission is to: “ to build the infrastructure for the adoption and use of digital assets, that is easy to use, secure, compliant and localised for the local markets, focusing on the Middle East, interconnecting it with Africa, Asia and Europe."
Emirex Exchange Services
Emirex is a cryptocurrency exchange with the vision to become the easiest gateway to acquire and spend digital assets, Emirex aims to make digital coins accessible to everyone. The team is dedicated to enhancing the trading experience with quick trade executions, great customer service, fair pricing, endless improvements, and limitless creativity.
The Emirex Exchange currently supports market trades of 12 cryptocurrencies, including BTC, ETH, USDT, LTC, and Emirex native currency EMRX. Emirex also support 2 kinds of fiat currencies, USD and EUR. Emirex Exchange restricts crypto-to-crypto to base markets in BTC and USDT.
The Exchange lists 12 cryptocurrencies:
- Bitcoin (BTC)
- Litecoin (LTC)
- Ethereum (ETH)
- Bitcoin Cash (BCH)
- Tether (USDT)
- Emirex token (EMRX)
- Datecoin (DTC)
- EURON token (ERN)
- NIWIX token (NWX)
- Zulu Republic token (ZTX)
- Bolton token (BFCL)
- NIWIX Certificate (NCER)
Emirex Exchange will utilize an engine that is capable to handle 1,000,000 orders/second. It will offer spot trading with professional order types as well as margin and futures trading. The exchange also provides advanced security measures compliant with the international standards of IT security in the banking industry, per ISO 27001.
In term of transaction fees, there are no fees for depositing crypto or fiat into Emirex users' account. Cryptocurrency withdrawals are likewise free, save for a small fee to cover network mining fees.
Emirex Native Currency (EMRX)
As the native token of the Emirex Ecosystem, EMRX has multiple use cases: listing fees for placement of tokenised assets, transactional fees from buy/sell transactions, custody and servicing fees, commission and partner incentive schemes, and others as the offering develops.
The EMRX is powered by the Ethereum blockchain for the transparency and efficiency. It has been designed to incentivize the traders, investors, issuers and partners within the Emirex ecosystem.
The EMRX token detail is described below:
Emirex Team
Emirex is founded by Grigory Rybalchenko (C0-Founder/CEO) and Irina Heaver (Co-Founder & Chief Strategy Officer). Grigory has vast experience in technology along with comprehensive management consultancy background. He has advised multinationals on strategy, digitalisation and implementation of emerging technology, operational performance and efficiency. While, Irina is an expert in leadership and law. She has experienced working across the Middle East, Africa, Asia Pacific, CIS countries, Europe and North America. Irina has advised on over USD500 billion worth of projects and transactions in the oil and gas, mining, construction, maritime and technology sectors.
Conclusion
The Emirex exchange is unique and beneficial to everyone interested in digital economy trading. The platform allows digital asset trades to take place in an easy, fast, compliant and secure way. The exchange has two key functions. Primarily it offers an easy to use interface that lets non-professional traders buy and sell digital assets easily. For more information about Emirex, you can visit online today on their Website, Whitepaper, or gain information on their Telegram Group.
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