CPDAX, also known as Coinplug Digital Assets Exchange, is the latest digital currency trading platform venture by highly acclaimed South Korean company Coinplug. This firm is best known for its outstanding Bitcoin brokerage and service provider services in the given country.
Why Are CPDAX Services Needed?
Coinplug is a leader in the digital currency services industry. So, it definitely intends to make CPDAX a specialized platform that facilitates trading of digital assets and funds. As such, this exchange was specifically created by leveraging on numerous years of experience in the blockchain technology field. It will also draw on the extensive expertise of Coinplug’s other internet currencies trading markets. In essence, CPDAX has been designed to be a ‘differentiated’ platform, which can effectively promote a significant growth of the whole digital assets and funds trading industry while, at the same time, going a long way in helping to reduce the inconveniences and the inherent risks users of domestic exchanges are routinely exposed to.
What Are The Benefits Of CPDAX?
Coinplug is highly noted for being composed of a team of very skilled researchers on blockchain technology. More to the point, this South Korean company is firmly devoted to make sure that it can uphold maximum security for users’ various transactions in this exchange. This is brought about through its exceptional cryptographic algorithms, along with a number of its fail safe security systems. To this end, CPDAX has the prerequisite potential to be always a step ahead of its competition. This is particularly the case when it comes to its remarkably top notch security technology.
Digital Currencies That Can Be Traded In CPDAX
On the other hand, this digital currency trading platform deals in some of the most popular cryptocurrencies which are currently made available in the market. Some of the most prominent of these are Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. Coinplug has also stated that it plans to increase the number of internet currencies listed on CPDAX in the foreseeable future. At this juncture, it is extremely important to note that CPDAX is the very first Coinplug platform to start trading in Bitcoin Cash. This particular cryptocurrency has never been credited to pre-existing Coinplug clients before, nor was it supported on all the other Coinplug ventures. Finally, all digital assets and funds on CPDAX will be traded against the South Korean currency, the Won.
Are There Any Risks?
Because of security issues and legal technicalities, pre-existing Coinplug clients will not be able to automatically transfer to CPDAX. So, if you fall under this category, you will have to create a new account with this Coinplug digital currency trading platform and then transfer your funds in a manual manner.
CPDAX is certainly poised to be a leading cryptocurrency exchange market. This is not only so in South Korea, but the entire world as well. Therefore, making the smart choice to start having your digital assets or funds traded on it may be a decision worth mulling over.