EMIREX – THE NEXT GENERATION DIGITAL ASSET TRADING PLATFORM
INTRODUCTION
Digital assets had gone through tough times in the year 2009 after the launch of Bitcoin (BTC). It was the launch of Bitcoin (BTC), the first digital asset that ushered in the wave of cryptocurrencies and many other digital assets. With the incessant kicks and antagonisms by the governments and many financial institutions, it became imperative for the assets to find another way to thrive. That way became the trading on digital asset trading platforms. That gave rise to the proliferation of cryptocurrency exchanges, which at the last count, were over 500.
It is one thing to trade the assets on those platforms. It is another to be sure that they are traded rightly. For some factors, it has become a sort of turf of war to trade on digital asset trading platforms. It is on the basis of those issues that the Emirex Exchange was launched to address some of the issues. For the basis of the insights in this article, we will look at some of the challenges tenable in the traditional digital asset trading ecosystem. After that, we’ll look at how the Emirex Exchange is prepared to address those issues, and in real-time too.
CHALLENGES FACING DIGITAL ASSETS TRADING
Indeed, the governments and the banks fought hard to see that cryptocurrencies and many other digital assets do not become as prominent as they are today. It is also true that the devising of digital asset trading platforms came as a reprieve to some extent. It was soon discovered that the platforms have some issues too, especially as it concerned the trading of digital assets.
There is the problem is limited liquidity, which tends to put back the hands of the clock as it reduces the chances of assets being traded. The limited transaction throughput also breeds another problem because traders do not get to enjoy immediate and real-time facilitation of trades. More so, it is threatening to continue trading on the assets, considering that many of the digital asset trading platforms does not have enough security frameworks to back the assets of the users/traders/investors.
IS EMIREX EXCHANGE DIFFERENT?
You want to know if the Emirex Exchange has features that make it different from other digital asset trading platforms. Indeed, it has many features that make it the perfect cryptocurrency and digital asset trading platform. It’s worth mentioning that the Emirex Exchange didn’t come on board a few months ago. Instead, the team behind the platform has been very much around in the digital asset sector for many years. So, it shouldn’t be considered that the Emirex Exchange is one of those digital asset trading platforms that tout to be different only to end up in the same abyss as the others before them.
THE BACKGROUND
The Emirex Exchange didn’t come into being a few months ago. It was launched less than a decade after the debut of Bitcoin (BTC). That was precisely in the year 2014. At the time, the team behind the platform, the Emirex Group of Companies, was founded to function as an advisor for the integration and use of the blockchain technology and Artificial Intelligence (AI) in many established and emerging traditional businesses. That was not all. The company also went on to provide guidelines to many regulators and governments on how to make use of the two disruptive technologies (the blockchain technology and Artificial Intelligence) in many fields of endeavour.
The advisory role continued until the year 2017 when the Emirex Group of Companies went on to identify the nagging gap in the digital asset sector. The gap is not unconnected to the lapses in trading on digital assets. That informed the reason why the company set about the task of creating and delegating a digital asset exchanger platform where all kinds of digital assets (commodity tokens, protocols, and cryptocurrencies) can be traded. The digital asset exchanger became an instant hit within the time because it made it easier for the users to buy and sell digital assets without hassles. With the successful launch of the digital asset exchanger called BitMeEx (Bitcoin Middle East Exchange) in the early months of 2018, the company was able to bolster the trading and use of digital assets in the Middle East.
Haven recorded such a massive success at the time, the Emirex Group of Companies once more went on to create a new platform that would stretch beyond the Middle East. That platform called the Emirex Exchange will create redefining moments in the trading of digital assets. Among the many benefits that come with it are the coverage of more parts of the world (Africa, South America, and Europe), as well as providing a more convenient way of banking for the banked and the unbanked. That and many more are feasible in the new digital economy that interconnects the Middle East with Europe, South America, Asia, and Africa. It is possible via the Emirex Exchange.
WHY SHOULD I USE THE EMIREX EXCHANGE?
It has been said that the Emirex Exchange is one of the budding next generation digital asset trading platforms. That can be possible if only it has the necessary features to bolster that move. Indeed, it has them and is set to push forward until the goal becomes a reality. Once more, what makes the Emirex Exchange one of the best digital asset trading platforms? The features and factors that underscore that move are highlighted below.
? Professional Trading Chat
It is no news that the blind cannot lead the blind. If such were to be the case, then both the blind leader and the blind follower tend to fall into serious trouble and mishap along the way. Therefore, it is imperative that digital asset traders are in the know of the necessary things to do in order to achieve massive success in their trades. That is a feature that is missing in virtually many digital asset trading platforms.
Now, the Emirex Exchange makes it possible for the traders and users to interact in a dedicate ecosystem called the Professional Trading Chat. The platform creates a medium for real-time communication among the traders. Just as the traders are allowed to share ideas on the best steps to take ahead of the next trades, they are also offered timely updates on new developments in the digital economy. From the provision of new services, announcements of new digital asset listings to the updates about fees and new events, the Professional Trading Chat makes it easier for digital asset traders to be abreast with the current updates in the sector.
? Fiat Interoperability
It has been a long time coming since digital assets sought to have some interoperability and union with their fiat and physical asset counterparts. Even in the midst of the heavy sanctions and regulations by the banks and the governments, the assets have continually pushed for that. Things are now working out as planned because the much needed interoperability between digital assets and fiat currencies is about to become reality. The Emirex Exchange has provided many medium for that to be possible.
The first medium for the crypto-to-fiat and vice versa interoperability is the support for crediting digital asset wallets direct from bank accounts. The fiat payment channel also makes it possible for the users and traders to make use of debit and credit cards for payments.
On the other hand, the fiat payment gateway introduced by the Emirex Exchange also supports deposits and withdrawals. The exciting thing there is that the users and traders can facilitate such payments using many payment methods, such as credit cards, debit cards, and bank accounts.
? Social Trading
Indeed, the Emirex Exchange created the Professional Trading Chat to be an avenue and a rallying point for traders to communicate among themselves. It is one thing to share ideas, and another for the ideas to be fruitful. In the instance that the traders brainstorm to come up with ideas only for the same t fail in the end, it could become the breaking point for some traders who would want to quit trading.
Understanding the plight of digital asset traders in such a circumstance, the Emirex Exchange once more went on to crate the Copy and Social Trading Functionality. It is to be a medium for amateur and near-professional traders to join the digital asset trading industry without breaking a sweat. The idea is simplified and each party is expected to play the roles to the latter.
On the one hand, there are the professional traders who have the wherewithal to break even in the market. It is the duty of the professional traders to create mark-ups that show the accurate pattern of trades. They would then proceed to test the mark-ups they created to be sure they are accurate. If that happens to be the case, then the tide turns to the other up and coming traders to take the same steps.
On the other hand, the amateur and near-professional traders would be relying on the professional traders, who they regard as masters in digital asset trading. The focus is to look out for the mark-ups created by the professional traders and wait for the signal to trade. They only need to copy the positions opened and managed by the professional traders. You will agree that this is no herculean task, just as it is a faster way of investing on digital assets.
? Professional Trading Interface
You want an interface that doesn’t confuse you the more. The Emirex Exchange has an intuitive and professional interface that makes digital asset trading easier for the users. In this case, you will not only be getting access to the professional and advanced trading interface. You will also be getting access to a simplified interface.
? Cross-Border Remittance of Digital Assets
There are no hassles this time in sending digital assets of all kinds across the borders. Moreover, the aim behind the first of these assets, Bitcoin (BTC), was to create a peer-to-peer medium for transferring wealth. Therefore, the subsequent digital assets should tow the same line.
The Emirex Exchange did a marvelous job by creating an order book that is capable of handling up to 1 million transactions/orders every second. More so, that ensures scalability in terms of remitting the assets to the beneficiaries/recipients across the borders.
? Digital Asset Custody
It’s been a long time coming since the security of digital assets became a source of worry. You don’t have to bother about the fate of your assets provided you are trading via the Emirex Exchange. The platform has dedicated digital asset custody where the funds of the users are securely stored.
? The Inclusive Digital Wallet
Digital wallets provide a medium for investors to store their funds. The primary downside to using them is the limited assets they can contain. That is why you need to get your hands on the Emirex Wallet. The wallet, which is interoperable with the Emirex Exchange, allows you to store many digital assets. Ideally, it supports all the digital assets that are listed and traded on the Emirex Exchange.
It’s worth mentioning that the Emirex Wallet is interoperable with the Android and the iOS smartphones. More so, users are allowed to enjoy seamless and secure sending, receiving and storage of digital assets. For additional functionalities, you may want to upgrade to the professional version where you get to enjoy management of many private keys at a go.
? Access to Middle-Eastern Wealth
The Middle East is one part of the world that literally flows with milk and honey. It has continually been the home of thriving economies, because of the viable policies put in place by the government. With thousands of people unbanked in the Middle East, using the Emirex Exchange could be the game-changer for many people that intend gaining access to the abundant wealth that flows in the Middle East.
FINAL WORDS
The Emirex Exchange is a remarkable project and it is hoped that investors from the Middle East, Africa, Asia, Europe, and South America would realize the massive potentials it has and follow it up by making use of the platform soon.
USEFUL LINKS
Website: https://emirex.com/
Whitepaper: https://emirex.com/whitepaper
Register on Emirex: https://emirex.com/referral?refid=ID3F3FA4D7AB
Telegram: https://t.me/joinchat/DqGU61OCcKlwpg073YO0fA
Twitter: https://twitter.com/EMIREX_OFFICIAL