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.
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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 is that it allows companies to take cryptocurrency payments 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.”