FlashEx is a cryptocurrency exchange that aims to provide a high-quality digital asset platform for users all around the world. The exchange is backed by a fantastic team with immense experience in development and marketing. Not only does FlashEx allow its users to trade crypto-to-crypto, but they can also trade crypto-to-fiat in countries and regions where fiat gateways are legal.
So, before we go any further, let’s understand the role that exchanges play in the ecosystem and how FlashEx can bring in a lot of value to the marketplace.
The role of exchanges and the current landscape
It’s difficult to understate the importance of exchanges in the crypto ecosystem. It doesn’t matter if you are a novice or a seasoned veteran, the easiest way that you can get your hands on cryptocurrencies is via an exchange. While there are some alternative methods with which you can obtain cryptos, such as atomic swaps, the fact is that an exchange offers you a platform that is both familiar and user-friendly.
Keeping their importance in mind, you’d think that the marketplace is flooded with high-quality exchanges, right? Turns out, that’s not really the case. CryptoCompare, a global cryptocurrency market data provider, came up with an “Exchange Benchmark” to grade exchanges based on the following features:
- Data Provision.
- Trade Monitoring.
- Negative Reports.
- Market Quality.
So, as per their research, this is what they came up with:
Of the 159 exchanges they researched, only 13 managed to get a grade of A and above. Of that, only three exchanges — itBit, Gemini, and Coinbase — were graded AA. Worryingly, the overall trading volume is dominated by lower quality exchanges, with D-E graded exchanges accounting for a whopping 64% of the total trading volume.
The importance of FlashEx
There are some important conclusions that we can draw from Cryptocompare’s research:
- There is a severe lack of good quality exchanges in the market.
- As a result, the majority of the users are transacting with exchanges with a less-than-stellar reputation.
This is where an exchange like FlashEx can provide tremendous value to the crypto ecosystem. Backed by solid principles, security, and technology — FlashEx can bring in a high-quality exchange into a marketplace that is starving for one.
Let’s look at some of the key features and properties of FlashEx:
- Global trading markets: To keep pace with the cryptocurrency market, FlashEx is open 24X7, 365 days of the year.
- Reliable security solutions: There are multiple security checkpoints present to protect user privacy. FlashEx provides SMS verification, transaction password, and device management trust system.
- Lower transaction rates: FlashEx supports an independent rate model for Taker and Maker to meet the diversified trading needs of traders.
- Excellent customer service support: FlashEx’s high-quality customer service is available round-the-clock. The exchange has also added self-service services such as intra-station interchangeability and autonomous untethering.
- Platform compatibility: Available for both iOS and Android users.
- Coins and trading pairs available: There are over 20 trading pairs against USDT and BTC on the platform right now. More cryptocurrencies are coming soon.
- OTC feature: FlashEx has an OTC feature with which users can buy and sell USDT, BTC, and Ether from each other.
The FlashEx and TOP connection
TOP Network has long had a working relationship with FlashEx. FlashEx has repeatedly launched several TOP token purchase/lock-up giveaway activities, with the latest one taking place this Friday, March 20. More details about the event will be revealed soon.
TOP Network is proud to call FlashEx a partner. They are continually innovating to provide the best possible service to their users. Presently, they are looking to offer more innovative financial derivative products, including options, perpetual contracts, and more in the future. Want to know more about FlashEx? Click here.