Prandex: The Next in the evolution of Cryptocurrency Exchanges
Cryptocurrency prices had a major bull run towards the end of 2017. This price rise brought an influx of new users and fresh fiat in to the system. For most of them, cryptocurrency exchanges are the first experience in the crypto world.
Exchanges, has been a singular platform until now, allowing only currency exchange transactions. Users approach other service providers for needs such as Automated Trading Bots, Lending and Borrowing, Portfolio management and other tools to do the Technical analysis to help them understand the market.
In addition, most existing exchanges doesn’t have tools to manage the entire trading spectrum, thus allowing users to have accounts in several exchanges; which made it hard for them to manage their portfolio. Another major concern is that since the Crypto markets are open 24/7 through the year, protecting investments using automated tools is critical.
We created Prandex, understanding the current need in the exchange market, and analysing the void that needs to be filled. Prandex is a Multi-Asset digital crypto currency exchange created in early 2018. We aim to make Prandex as a one-stop-shop for all your crypto trading needs. Prandex is a modern exchange, which aims to serve as a place where customers could control their entire portfolio.
Prandex is a fully functioning exchange that is already live (currently in its beta stage). We have 30 major coins/tokens and approximately 60 pairs already listed on the exchange in BTC, ETH and USDT markets. Prandex is also a brokerage which connects with multiple exchanges to provide unparalleled liquidity.
Prandex has four major components which provide a holistic trading experience.
- Exchange and Brokerage
- Advanced Trading Bot
- Portfolio Manager
- Technical Analysis Platform
We plan to have 4 part blog series to explain them in more detail. Until then, enjoy the Uber trading experience in www.prandex.com.
At Prandex, we realise the problems of a centralised exchange. We have started thinking about decentralising Prandex. Stay tuned for more info on this soon.
