The exchange has been established in partnership with EmurgoHK Group, the creator of Cardon or the ADA coin. IronX will allow both retail and institutional investors to exchange fiat, cryptocurrencies, commodities, equities and another tradeable asset. Those who have pre-registered with the exchange and done with their KYC approval have the chance to automatically earn 10 IRX.
In January, the exchange has claimed to have raised $26 million from cryptocurrency investors through its IronX token sale. Before this, it has also raised $22.3 million in private fundraising drive from investors. The exchange has secured licenses from the regulators of Estonia to operate in its land and is pursuing a license in Gibraltar too.
The IronX platform will allow clients to partially or fully migrate their positions onto the IronFX platform, in a hope to attract traders looking for an easy way to switch between crypto and traditional asset classes. The unified exchange will transact its IRX token as the main token, and its holder will also get benefitted in a number of ways, such as being entitled to additional services and incentives, discounts on spread paid in IRX tokens to IronX traders, higher leverage, trading bonuses, VIP account status, etc.
IronX CEO commented:
We are delighted with our public launch, which commences today and gives investors access to the IronX platform. As promised, our platform users will be offered a 50% discount for trading fees paid with IRX tokens in frames of the IRX Loyalty Program. They will also have access to cryptocurrency and fiat pairings. We are planning to add more features to our platform in the later stages, together with an increased number of listed cryptocurrencies.
IronFX’s goal is not to only grow the number of cryptocurrencies and fiats available for trade but to also provide high-quality customer support, with security as our core focus. We want everyone looking to trade in cryptocurrencies – from newcomers to experienced traders- to do so with confidence in a safe trading environment.