IronX Adds Tal Cohen And Paolo Tasca To Its Advisory Board

Cyprus based brokerage IronFX has established a new cryptocurrency exchange called IronX to cater to cryptocurrency traders locally and internationally. This exchange recently added two new prominent and highly qualified individuals to its advisory board.

This was stated in a newly published press release issued by the company. The two new members include Sirin Labs co-founder and former CEO, Tal Cohen, and former blockchain adviser to the UN and EU Parliament, Paolo Tasca.

IronX, a new cryptocurrency exchange, is a product of a venture partnership between IronFX and Hong Kong based EmurgoHK Group, the company backing the Cardano blockchain.

To successfully launch this new platform, both companies had to do raise $22.3 million privately, before it went public, with its IRX tokens. To company is still raising funds through its ICO, which will be active till the middle of January, 2019.

IronX exchange platform will be using Cardano as its native token on the exchange, in a manner similar to Binance Coin or KuCoin.

Both new hires are coming on board as advisors because of their wealth of experience and knowledge of the industry. Paolo Tasca is a well known digital economist with an impressive CV in blockchain and distributed ledger technology.

While Tal Cohen led the Sirin Labs company for 4 years as its CEO up till 2016. His era was responsible for the $17k Solarin mobile device. The mobile phone’s price, which was considered outrageously expensive, justified its price with its security features.

Of course, it wasn’t meant for the regular average income individual. It was targeted at the super rich who could afford it and needed their phones to have a certain degree of military grade encryption.

The launch of the phone in London had A-list actors like Tom hardy and Leonardo Di Caprio as guests for the event. While there are no exact numbers, Sirin Labs actually claims that the phone became Harrods’ best selling phone at the time of its launch.

Sirin Labs also had a successful initial coin offering where it raised $157.8 million.

Dimirtis Hatzis, IronX’s CEO, who also doubles as IronFX Group’s COO, stated the firm’s reasons for hiring both individuals. According to him,

“Paolo’s first-hand experience with P2P financial systems and blockchain technologies, both from an academic and practitioner point of view, will be of tremendous value to IronX…and Tal brings a range of knowledge and experience from his past blockchain ventures and is highly regarded in the cryptocurrency community.”

IronX will be open for business this month, and has acquired a license from Estonia towards that. They’re currently trying to become licensed in Gibraltar and Malta too –a process that will help make it easy for the company to do business in both countries.