ITEX: AN INNOVATIVE EXCHANGE FOR TRADING CRYPTOCURRENCIES

3 min readApr 1, 2019

INTRODUCTION

Blockchain technology has really taken the world of modern technology to greater heights. We have seen many innovative ideas built on blockchain technology to assist the industrial revolution in the 21st century. Clearly, blockchain technology has been the power house behind the success of cryptocurrencies.

Ever since cryptocurrencies were introduced, exchanges have played a vital role in the trading of digital assets. Traders in the world of cryptocurrencies devote a lot of time on the various exchanges for their activities. Basically, there are two types of exchanges; centralised and decentralized exchanges. In plain terms, with the centralised exchanges, users of the platform don’t have access to their private keys of their assets on the exchange. On the other hand, users or traders of a decentralized exchange always have access to their private keys. It is not common to see a cryptocurrency exchange that has mixed
features of both a decentralized and centralised exchange. In recent times, many exchanges claim to be a blend of a decentralized and centralised exchange but in reality, it may not be so. Today, I present to you, an innovative exchange known as ITEX exchange that would integrate both decentralized and centralised features of an exchange on one digital platform.

ABOUT ITEX EXCHANGE

ITEX is an incredible exchange platform that seeks to provide a hybrid exchange with features of a decentralized or private exchange and a centralised one. With such an initiative, the ITEX trading platform would allow users or traders to have access to the trading platform which is free and fair from all sort of manipulations.

The team of developers have a transparent plan to achieve a decentralization while ensuring that there is less manipulation on the market. This hybrid exchange comes with many benefits which includes high liquidity, modern system of security, protection of clients and an advanced customer care service.

BENEFITS ASSOCIATED WITH ITEX EXCHANGE
Aside the benefits mentioned earlier in this article, it is worth noting that there would also be incredible benefits which includes free listing of tokens. Thus projects who wish to have their tokens listed on the platform would not pay any listing fees. Digital assets of projects would be accepted on the exchange platform provided the project meets the standards set by team at ITEX. Itex exchange will list tokens based on: a huge community of supporters on popular social media platforms like Twitter, Telegram and also through listing voting of currencies.

√Security of users is important to the team of developers. All secured measures are put in place for protection that involves applicable security for users.
√The exchange has a user friendly interface for the convenience of all traders.

√Deposits and withdrawals are also done with quick speed. This also comes with low fees that are charged as commissions on transactions.

√ Through a KYC verification system , fraudulent activities of users would be curbed hence regulating and limiting the number of transactions per account.

√Users would also have free access to review their transactions on the platform including statistics and history of trading activities.