IX.com Cryptocurrency Exchange Trading Platform Goes Live

IX Launches New Exchange with BTC Platform Token

The cryptocurrency exchange industry has quickly grown from a fringe sector trading Bitcoin against fiat to a massive global industry with hundreds of altcoins to boost interest and market capitalization. And as the industry grew, competition has become fierce. Exchanges like Binance gained notoriety in their corner of the industry by integrating a unique Binance Token to try to incentivize trading on their platform with discounts on trade fees using their coin.

But one exchange has announced its intention to integrate the relatively stable Bitcoin as its platform token, allowing users to capitalize on gains relative to the amount of Bitcoin they likely already hold. IX platform turned heads when they invested a whopping USD $10 million to get the unique domain name IX.com. With an opening investment like that, many in the crypto space have been carefully watching to see what the potential exchange might have in store for their future users.

Just yesterday, speculators were given one of the first hints at what the oddly-named IX Exchange has to offer. The company released an announcement that they intend to launch their exchange, and that they will be using Bitcoin as its key platform token.

IX.Com Exchange

According to the company, the team behind the founding of IX is made up of an interesting set of specialists from a variety of backgrounds. Having come from prestigious schools like Columbia University, Yale University, the Swiss Federal Institute of Technology in Zurich, and Peking University, the team boasts an impressive educational resume.

Additionally, the team is peppered with industry leaders with business experience as executives from major companies including Facebook, Bitmex, BitFlyer, Ford, LinkedIn, and FCoin. With a team like this, it should not be surprising that the company was able to secure the massive capital required to simply gain access to their interesting two-letter domain name.

Impressive Technical Specs

So far, the information released by the team is the cause for significant optimism among members of the cryptocurrency community. To start, they boast potential 100% cold wallet protection, high performance matchmaking through their unique high-powered engine, as well as what they call “extensive trading depth” that could allow them to access unmatched volume and depth for transactions on their growing network.

Unique Operational Characteristics

The company has already come forward with information regarding their operational rules, a hopeful sign for the crypto participants interested in a clear institutionally regulated framework for operation. In particular, the exchange plans to implement 20 second rules for trading, discounts for transaction fees paid for using the platform token (BTC), as well as a very favorable commission system for referrals of friends.

As the exchange continues on its path to a hopeful release later this year, many eyes remain on the exciting IX Exchange project. One of the only platforms currently on the market offering Bitcoin as a Platform Token, IX has the potential to cater to a significant user-base who might already have the coin to use and mitigate transaction fees.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,440FansLike
2,795FollowersFollow
4,189FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Russia to Prohibit Crypto Circulation, Mining, and Ads Under New Draft Law For Digital Assets

Cryptocurrency regulations are quite tricky and up until now, only a few countries can boast of finding the right mix of existing new laws...

China’s Largest Mining Chip Maker, SMIC, Gains Regulator’s Approval On $2.8B IPO

One of China’s biggest semiconductor manufacturer, SMIC, announces plans to raise a $2.8 billion public sale IPO on the Sci-Tech Board of the...

Bitcoin Flash Crashes to $8,600 with BitMEX Shenanigans at Play Again

Bitcoin doing bitcoin things! Today, Bitcoin had yet another moment like March 12, although the price didn’t crash that low. https://twitter.com/100trillionUSD/status/1267835341987340288 Yesterday, Bitcoin jumped as high as...

AVA Labs Integrates Chainlink’s Decentralized Oracles to Improve DeFi Dapps Development

AVA blockchain, becomes the latest platform to add Chainlink, a decentralized oracle system to its platform. The integration of Chainlink to the Dapp blockchain...

Binance Korea to Improve KYC/AML Framework With Coinfirm's Compliance Solution

Binance South Korea unveiled a unique partnership with Blockchain analytics firm, Coinfirm that will help Binance remain compliant with the strict AML framework...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today