Australian-Based XS2 Exchange Launches as New Digital Asset Trading Platform
Australian-Based Digital Asset Trading Platform, XS2 Exchange, Has Been Launched!
XS2 Cryptocurrency exchange is the new player in crypto markets launched by an Australian based company in the beginning of the week. The aim of creating this coin exchange was to level up the infrastructure used for developing crypto exchange networks. XS2 is committed to changing the whole approach in the design of these platforms. In doing so, they hope to improve ease of use, transparency & ecosystem security.
This blockchain initiative by XS2 is within the Australian laws where the parent company has been registered as a Cryptocurrency Exchange. In addition, the platform has also acquired the rights to act as a Dealer Independently. XS2 also enjoys Australia’s Digital Commerce Association (ADCA) membership.
Bart Jellema, founder of the XS2 exchange & a long time crypto trader developed this network simply because the existing platforms were not meeting his expected utility.
“Most exchanges were created for tech-savvy hobbyists, early adopters or professional traders. Yet most customers are retail investors, who are hesitant to use many of the current exchanges, and for good reason. So we’ve looked at the requirements and needs of this group, to create an exchange that is easy to use and that you can bank on.”
XS2 Advanced User Interface
This cryptocurrency exchange has listed over 60 crypto coins with popular altcoins like NEO, BTC, ETH, & LTC dominating the volumes. Additionally, the network has integrated a good number of Ethereum built tokens such as Mithril, Golum, Holo, & 0misego. XS2 continues to review new crypto projects in its daily operations in order to list more altcoins.
XS2 is advanced in comparison to existing coin exchanges due to its dashboard display features. Clients can easily access; news in crypto markets, transaction updates, trading options & their wallets within the display window. The platform also uses plain English to communicate to a wider global cryprocurrency market.
XS2 Blockchain Network Security
Hackers have in the past taken advantage of most systems & so far crypto seems not to be an exception. According an XS2 research, most of the blockchain network hacks are related to online wallets used by crypto HODLers today. When they are breached, then cryptocurrency users become highly vulnerable to online theft.
The XS2 solution for such security cases is an off-line storage approach with its coin exchange. Funds will be kept in various bank-like secured commercial vaults. Jellema said that this will not be an easy task but XS2 remains committed,
“adding support for coins is much harder with an offline only solution. But we don’t compromise on security, so we put in the work and already integrated with eight blockchains, including Bitcoin, Ethereum, Ripple, Stellar and NEO.”
The crypto exchange will also integrate a 2FA authentication standard for its users. This will go a long way in preventing crypto fraud attributed to SIM swaps & phishing attacks.
XS2 coin exchange users can easily secure their funds past password hacks. This is because the platform will leverage XS Keys to integrate only devices with the authority to carry out transactions.
In order to develop this idea, XS2 was guided by three observations they had made in the crypto market so far. Clients misplace their devices often, form weak passwords & it would be more effective to develop a secure platform than to teach online safety at the moment. Through this logic, the crypto exchange company was able to develop a useful platform in today’s crypto arena.
Crypto traders using the XS2 Cryptocurrency exchange can also verify their funds status using the Proof of Solvency protocol. Cold wallet addresses are accessible to the network’s clients for independent confirmations,
I’m very excited about the launch, because I believe the industry is missing an exchange where you can put your funds and trade with confidence. And I think we’ve created just that, taking us another step closer to mainstream adoption of cryptocurrencies and the blockchain.” XS2 co-founder Bart Jellema