IronFX to Launch its Cryptocurrency Exchange in Q4 2018
- The new destination will operate as a regulated exchange that facilitates funding via both fiat and cryptocurrencies.

FX brokerage firm IronFX Group today confirmed that its cryptocurrency exchange, dubbed ‘IronX’, is set to launch as early as the fourth quarter.
The new destination. which is pending approval, will operate as a regulated, service-focused exchange that facilitates funding via both fiat and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities. By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities. Read this Term, as Finance Magnates exclusively reported in June.
Gibraltar has become the first jurisdiction in the world to offer a fully regulated framework for firms working with crypto-related technologies. All Gibraltar-based firms vying for commercial blockchain business now have to be licensed by its financial watchdog, the GFSC, in much the same way that banks are supervised.
According to IronFX, its experience will be used as a bridge to facilitate the process of moving positions from cryptocurrency to traditional online trading.
The IronX exchange’s ecosystem will allow 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.
IRX token holders to explore additional benefits
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 a higher leverage, trading bonuses, VIP account status, personal customer support service and more.
IronFX has recently strengthened its relationship with EmurgoHK Group after the multi-regulated foreign-exchange trading provider adopted EmurgoHK’s ADA Coin as a base account currency on IronFX MT4 platform.
The new opportunity will see clients able to perform a wide range of functions using the virtual coin without the need to convert to fiat currencies. Specifically, the holders of ADA-dominated accounts can withdraw balance, deposit and assign margin for their trades on traditional assets, including forex, stocks, etc., using the cryptocurrency.
FX brokerage firm IronFX Group today confirmed that its cryptocurrency exchange, dubbed ‘IronX’, is set to launch as early as the fourth quarter.
The new destination. which is pending approval, will operate as a regulated, service-focused exchange that facilitates funding via both fiat and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities. By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities. Read this Term, as Finance Magnates exclusively reported in June.
Gibraltar has become the first jurisdiction in the world to offer a fully regulated framework for firms working with crypto-related technologies. All Gibraltar-based firms vying for commercial blockchain business now have to be licensed by its financial watchdog, the GFSC, in much the same way that banks are supervised.
According to IronFX, its experience will be used as a bridge to facilitate the process of moving positions from cryptocurrency to traditional online trading.
The IronX exchange’s ecosystem will allow 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.
IRX token holders to explore additional benefits
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 a higher leverage, trading bonuses, VIP account status, personal customer support service and more.
IronFX has recently strengthened its relationship with EmurgoHK Group after the multi-regulated foreign-exchange trading provider adopted EmurgoHK’s ADA Coin as a base account currency on IronFX MT4 platform.
The new opportunity will see clients able to perform a wide range of functions using the virtual coin without the need to convert to fiat currencies. Specifically, the holders of ADA-dominated accounts can withdraw balance, deposit and assign margin for their trades on traditional assets, including forex, stocks, etc., using the cryptocurrency.