Who Can Benefit from the IronX Ecosystem?

The IronX Exchange aims at solving some of the key challenges or deficiencies in today’s crypto trading activities. Keeping in mind the traditional trader, who doesn’t have crypto tokens in their wallet while entering the digital currency market, IronX combines the best technologies of the IronFX Group and EmurgoHK to provide increased ease of entry, lower costs and greater efficiency.

Here is how different market players will be able to leverage on this unique ecosystem.

New Entrants in the Crypto Market

New crypto traders will be able to use fiat currencies to place orders for various coins. This will allow millions of first-time traders to seamlessly add crypto trading activities to their portfolios, apart from trading in traditional financial instruments. By allowing novice traders easy entry into the digital currency space, the IronX Exchange aims to enhance the liquidity in the crypto markets.

Although blockchain technology holds a lot of promise, people are still skeptical about contributing in the virtual asset class, mainly due to lack of knowledge, regulatory complexities and barriers to entry. A majority of crypto exchanges do not allow people to exchange fiat money for digital currencies, making the process tedious.

IronX will not only remove that hurdle but will also allow faster withdrawals by connections to top-rated crypto-friendly banking institutions. Through mass adoption, the virtual asset class will slowly cease to be just an exotic investment option; the market will grow.

Existing Cryptocurrency Traders

Ease of trading will encourage high trade volumes, which will benefit existing traders. Slippage and slow processing times will decrease. The IronX Exchange will offer access to low-correlation asset classes that are available on the IronFX trading platform, along with opportunities for higher-than-usual leveraged trading.

Existing traders will be able to diversify their portfolio. As both the IronX Exchange and IronFX Group are working towards using the same back-office and funding sources, the time-consuming tasks of separate KYC/AML operations will be avoided. A highly experienced customer service team, well-versed in over 30 languages, will be available 24/7 through live chat options or hotline support. High-grade security features and frequent audits by third-party security audit consultants will bring peace of mind to traders.

ICO Companies

ICO companies will be able to file listing requests to include their platform coins on the IronX Exchange. A specially designated advisory board will look into these requests. They will do extensive research on the companies’ business models, their token utilities, profitability and other factors to decide on these requests, through a voting process. Successful companies that meet the required due-diligence criteria can pay the listing fees through IRX tokens.

The fees paid in the form of IRX tokens will carry a discount on the exchange. Also, holders of these tokens will have additional advantages, such as market updates, personal account management and marketing bonuses.

IronX is regulated by the Estonian Financial Intelligence Unit and is targeting to be regulated in Gibraltar and Malta too. It aims to make crypto trading a safe and convenient process for all market participants.