IronX Crypto Exchange Finally Opens to the Public

Nearly three months after its initial beta launch in December 2018, the IronX Exchange finally sees its public launch today.

The new venue, which was created by Cyprus-based broker IronFX in partnership with EmurgoHK Group (the creator of Cardano, aka ADA coin), allows retail and institutional investors to exchange traditional fiat, cryptocurrencies, forex, commodities, equities, and other tradable assets. Open to everyone, those who pre-register and receive KYC approval will automatically earn 10 IRX.

The limited public launch follows IronX’s token sale, which raised $26.0 million from crypto investors. It has also raised $22.3 million in a private fundraising drive before opening by selling its IRX tokens.

In September 2018, the budding exchange was granted a license to operate in Estonia and is currently pursuing a license in Gibraltar too.

IRX token holders to explore additional benefits

The IronX exchange’s ecosystem enables its clients to use ‎their crypto accounts and digital assets to partially or fully migrate positions onto the ‎IronFX platform. That way, the company hopes to attract traders looking for an easy way to switch between crypto and traditional asset classes.

Additionally, the unified trading platform will transact its IRX token as the main coin for the platform. Holders of IRX coins will also benefit in a variety of ways. Based on holding ‎levels, they will be entitled to additional services and incentives. Another ‎benefit is the issuance of discounts on spread paid in IRX tokens ‎to IronX traders, together with higher leverage, trading bonuses, VIP account status, personal customer support service and more.‎

IronX also announced the addition of PumaPay Token to its cryptocurrency platform. PumaPay, or PMA, has a market capitalization of $11.6 million, according to coinmarketcap.com. The key characteristic of its Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term is that it allows companies to take cryptocurrency Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term from the wallets of customers, something that was hitherto not possible.

Commenting on the public launch, IronX CEO Dimitris Hatzis said: “We are delighted with our public launch, which commences today and gives investors access to the IronX platform. As promised, our platform users will be offered a 50% discount for trading fees paid with IRX tokens in frames of the IRX Loyalty Program. They will also have access to cryptocurrency and fiat pairings. We are planning to add more features to our platform on the later stages, together with an increased number of listed cryptocurrencies.”