The crypto boom that is currently sweeping the globe has now begun to seep into countries such as the UAE, Iran etc.
According to statistical data collected from financial institutions within the middle east, blockchain ventures have amassed more than $156 bn within the the arab world in just the past year alone. As a direct consequence of this, there are now many crypto services being launched into the Arab crypto market on a regular basis.
In its core essence, Palmex is one of the “first digital asset exchanges in the MENA region” that is aimed at offering crypto investors with a wide array of features such as:
- Advance trading tools: users can avail of investment bots and other services that have been designed to make the trading and exchange of fiat/ crypto currencies seamless and less cumbersome.
- Multiple cryptocurrency pairs: this exchange allows customers to deal with a wide array of altcoins, as well as fiat currencies. To check out the entire list of assets that are supported by the platform, users can visit the official company website.
- Tight Security measures: in order to ensure that all of the funds being stored and transferred on the native network are safe, the company makes use of various security protocols such as 2FA, Password encryption etc.
- Low trading fees: since Palmex is a decentralised/ blockchain based currency exchange, it is able to charge very little processing fee (when compared to regular banks and financial institutions).
According to our research, we have found that Palmex has been created/ developed by a company called “Arabianchain Technology FZCO”. It is a UAE based crypto firm that is aimed at bringing innovation to the blockchain from the context of the Middle Eastern market. Additionally, since Arabchain is one of the first major crypto players within the MENA (Middle East and North Africa) region, it has a market edge over other smaller startups that have come up in recent months.
At this point it is also important to mention that ArabianChain Technology is the developer of the first “public and decentralized blockchain in the region”, and has even developed a currency of its own called the DubaiCoin DBIX. DIBX is the first decentralized minable and tradable Crypto Currency in the whole of Arabia.
Why Choose Palmex?
Some of the key aspects of this technology that make it stand out include:
(i) Trading Opportunities:
As mentioned earlier, this platform is built to suit the needs of novice/ advanced traders alike. Not only is the interface user friendly, but it also comes with a lot of powerful trading tools that can help in the implementation of advanced trading strategies which can maximize our profits.
Another key aspect of Palmex is the fact that it supports “Multiple trading pairs”. Some of the supported assets include
- Emirati Dirham (AED)
- DubaiCoin DBIX
In addition to this, the platform also makes use of an “internal payment feature” that can help in the seamless transfer of funds all across the globe. Lastly, the fee structure being offered by the company is highly competitive, and allows users to save on unwanted costs.
(iii) Technically Bolstered:
Thought the use of a solid API, this platform promises to deliver a seamless trading experience for both individuals and businesses. Not only that, Palmex also has the ability to allow for ‘flexible trading’, all the while keeping close tabs on transactional security (via the use of a decentralized security system that employs private keys and cold wallet management techniques).
(iv) Seamless Support:
Another great feature of this platform is its technical support availability. According to the official company website, the technical support team is available for assistance “24/7”.
(v) Completely Legitimate:
to instill maximum user confidence, the company has obtained all of the required AML/KYC certifications that are necessary for the trade of digital assets these days. As a result of these legal certifications, users can make voluminous transactions without any worry or doubts.
How Do I Get on Board?
To sign up for Palmex all one has to do is visit the official company website, and complete the outlined registration process. There are certain document checks that need to be completed, but the process should be done within 5-10 minutes max. For any other assistance, an email can be sent to [email protected]