CRIX Exchange: The Future Of Smart Trading

After the development of Bitcoin (BTC) occurred back in 2009, a new form of business surged right after. Cryptocurrency exchanges began emerging as a new business model to enable cryptocurrency trading. A cryptocurrency exchange could be defined as a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. According to Forbes, there are over 200 cryptocurrency exchanges in existence today.

With more than 1,600 cryptocurrencies in circulation today and with a combined market cap of over $289 billion, traders are becoming aware of the importance of choosing the right cryptocurrency exchange to trade successfully and make profits while at it. CRIX exchange offers a new approach to trading cryptocurrencies, providing the crypto community with a fully regulated exchange that offers significant benefits that are unseen anywhere else within one single crypto trading platform.

CRIX is a cryptocurrency exchange that offers a great set of benefits for its users. With a 0.05% market maker rebate, traders get paid every time they trade (as long as the order goes to the book). This fully compliant exchange offers an easy approach to KYC and AML processes, which are now an obligation. Through a partnership with Yoti, the CRIX exchange has made the ID validation process much easier. The CRIX Exchange is also registered with the Maltese regulator MFSA and is currently seeking regulatory approval as a crypto exchange.

Furthermore, the exchange offers the possibility of creating your own crypto trading algorithm, programming buys and sells signals and allowing you to test it before launching, providing valuable data of potential profits. This unique feature allows crypto traders anywhere to create their own strategy and test it before launch, finding what is profitable before losing money. Smart Trading takes away the emotion of a human being, allowing a single program to control trading without panicking. Although it may sound complicated at first, CRIX has developed a user-friendly interface that allows everybody to program a Smart Trading strategy, without the need of knowing any sort of programming beforehand.

Building your own Smart Trading strategy comes with its own set of advantages. Besides being able to test it before actually applying it, you will also create something new that nobody else will have in the market. In today’s market, trading bots are extremely popular but everybody has access to them, while with CRIX Exchange, users can create a strategy that nobody else has, therefore allowing for greater profits. CRIX Exchange is also constantly working on the improvement of the Smart Trading feature which eventually will combine machine learning and AI to enhance the Smart Trading experience.

Additionally, the CRIX Exchange is also planning on offering a fiat gateway. With a third-party custodian, CRIX users will not have to worry about the safety of their assets either, with cryptocurrencies being stored in secured wallets by a licensed custodian with top-notch security measures in place.

Overall, the CRIX Exchange is working on a long-term strategy, offering many features that are not available elsewhere. Create your own strategy and start Smart Trading. If you wish to know more about the CRIX Exchange, make sure you visit their website.

Important information: please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances.

OKEx, Skew Release 10 New Trading Data Charts as Partnership Evolves

Popular cryptocurrency exchange OKEx and crypto market derivatives data aggregator Skew have unveiled plans for the second phase of their partnership, release 10 new trading data charts as it evolves.

According to a press release published by OKEx the exchanges was the first one to share data from its futures and options markets through its own dashboard on Skew. The second phase of the collaboration between both organizations will add 10 new advanced charts with “even more in-depth metrics available to them.”

The second phase of the partnership between OKEx and Skew is set to bring various new features, among them the new charts. These include charts such as the BTC futures Aggregated Open Interest, the BTC Perpetual Swap Price vs Spot, and the BTC Options Volumes & Open Interest, among others.

chart.pngSource: OKEx

The new charts come shortly after OKEx expanded its derivatives portfolio with the launch of ETH/USD options on its platform, and with the announcement of EOS/USD options. The cryptocurrency exchange has been leading when it comes to derivatives trading volumes, thanks to perpetual swaps for top cryptoassets like BTC, ETH, and others.

In its announcement, OKEx claims the diversity it offers is appealing to institutional and professional traders who can keep their pricing strategies more flexible. Its main goal, it adds, is to make products “accessible to a wider audience of retail – as well as beginner – traders.” To do this, it invests resources in its Academy.

To bolster the partnership, the cryptocurrency exchange prepared a guide to highlight and explain how to read and analyze the new charts. OKEx’s Director of Financial Markets, Lennix Lai, commented:

We hope to provide even greater transparency for users through this second phase with Skew. That also means helping traders understand how to interpret sometimes complex charts and how to use the information to execute better trades.

Lai added that the guide will help users read and interpret the charts, as they can be “daunting at first and are typically left for advanced users.” As CryptoGlobe reported, last month OKEx announced an OKChain hackathon to boost the development of decentralized applications for its blockchain.

Featured image via Pixabay.