IronX: Cryptocurrency Trading Platform

The IronX exchange is a new crypto exchange opened by the trading company. The exchange has recently completed private sales of its IRX token worth USD 22.3 million. With public sale to start in November, the exchange hopes to hit USD 50 million.

The exchange is expected to launch in December and is in development in collaboration with Emurgo HK Group.

The IronX Exchange intends to allow clients to use their existing IronX Exchange crypto accounts and cryptocurrencies to seamlessly migrate or move (partially or fully) positions/exposure into the IronFX Group online trading platform in an efficient, quick and costless way, via the use of common back office backbone and best-of-class banking and payment methods available by the IronFX Group. In addition, the existing accumulated experience regarding Risk Management, Account Management, and Compliance Management will be used as a seamless bridge facilitating this process of moving exposure/positions from cryptocurrencies trading into traditional online trading.

Our vision is to create a crypto exchange that is created with the traditional trader in mind. This is why we have merged the best in traditional trading from IronFX, with the best in crypto EmurgoHK, to create a world-class crypto exchange. We want our exchange to offer the services that traders are used to, and combine them with the benefits of trading in the crypto currency market. We also want to introduce crypto traders to the benefits that traditional trading offers.

We want our exchange to offer the services that traders are used to, and combine them with the benefits of trading in the crypto currency market. We also want to introduce crypto traders to the benefits that traditional trading offers.The IronX Exchange intends to allow clients to use their existing IronX Exchange crypto accounts and cryptocurrencies to seamlessly migrate or move (partially or fully) positions/exposure into the IronFX Group online trading platform in an efficient, quick and costless way, via the use of common back office backbone and best-of-class banking and payment methods available by the IronFX Group. In addition, the existing accumulated experience regarding Risk Management, Account Management, and Compliance Management will be used as a seamless bridge facilitating this process of moving exposure/positions from cryptocurrencies trading into traditional online trading.

The IronX team comes from IronFX management and assisted by EmurgoHK advisors. Thus, this JV project is very likely to be materialized because it is an expansion of an established company. Of course, its members are the people who have experience in the development of a trading platform. By the way, for readers who are doubtful about the authenticity of the IronFX team profile.

Exchange Ecosystem

The IronX Exchange ecosystem aims to foster a community of users and traders supported by a specialised team of customer service representatives. Users will interact on an advanced site designed to deliver specialised customer service in parallel to its regular platform use, thus creating an optimal exchange with ease of operation for new and experienced traders alike.

Customer service will include a myriad of client-oriented features such as hotline support and live chat options, with multilingual support in over 30 languages, in addition to a uniquely easy-to-use and straightforward trading software. Users will experience an efficient platform devoid of costly slippages, with maximized page load speeds and rapid server responses to site activity.

IronFX & EmurgoHK New Crypto Trading Platform

The IronFX Group and EmurgoHK Group, will be joining forces so as to create a crypto exchange that will operate as a regulated, service-focused, exchange. IronFX is a global multi-regulated foreign-exchange trading provider and EmurgoHK is a Hong Kong company that accelerates different blockchain projects and has created the Cardano Blockchain.

The new platform will be known as IronX Exchange and will be operating as a regulated company that will provide funding via fiat and cryptocurrencies. The information has been released by Finance Magnates, which had privileged access to this information.

Both firms will combine EmurgoHK’s blockchain experience with the IronFX’s existing regulatory and operational practices, processes and solutions. Additionally, the exchange will allow the FX broker to provide risk management, back-office, account management, payment, and banking solutions.

Some of the benefits of this platform will be related to facilitate to move positions from cryptocurrency trading into traditional online trading. Additionally, it will be possible for clients to use their crypto accounts and digital assets to migrate, or partially move positions into the IronFX’s platform.

The Problem Faced

Lack of regulation: Lack of regulation is a barrier faced by existing cryptocurrency exchanges. There are several exchanges that are unregulated thus creating forced and false transaction without being secured. Unregulated exchanges are prone to security breaches and fraudulent activities.
Poor liquidity: Lack of good order book causes stagnation in the activities of users within an exchange. A non-dynamic order book is likely to cause less activities thereby causing poor liquidity.
Issue of FIAT funding: Existing exchanges do not allow users to purchase cryptocurrency with FIAT money.
Lack of customer support: Most of existing cryptocurrency exchanges lack proper customer care service system. They also lack the human capital infrastructure necessary to support the high number of customers and transactions.
Online security: This is the most critical aspect of an exchange. Many investors fund have being stolen and hacked due to security breaches by cyber criminals.
Technical and transaction issue: Many existing exchanges possess high transaction fee with delay in the execution of trades, deposit and withdrawals.

The IRONX Exchange Solution

The ironX Exchange aims to provide a safe, seamless and effective cryptocurrency exchange that will provide crypto asset investors who wish to diversify their investments direct access to the low-correlation asset classes that are offered on the IronFX Group trading platform (such as spot FX, CFDs, shares, futures, commodities, indices) including the ability to utilize higher leverage when trading on the IronFX Group trading platform.

The IronEx Exchange also aims to solve the issue faced in crypto market by leveraging the highest technology ro provide a secured connection to curtail liquidity problem.
The IronX exchange also aims to provide users KYC and AML features so as to be fully regulated and to be able to curtail any form of issues.
The IronX Exchange also aims to link with other prominent exchange to boost volume and increase liquidity and trading activities.
IronX Exchange aims to provide users with dedicated customer support team with over 30 languages to help fasten and handle queries from users within and outside the platform.
The IronX Exchange also aims to undertake audits from international reputable specialist third-party audit consultants on its platform. Also aim to provide a user friendly interface platform.
The IronX Exchange is also offering fiat deposits and withdrawals.

Advantages of the IronX

Diversifying investments

The IronX Exchange aims at offering crypto investors who are looking to diversify their investments by giving direct access to the low-correlation asset classes that are available on the IronFX Group trading platform. This includes the ability to use higher than the normal leverage when trading on the IronFX Group trading platform. Through using potential seamless together with the traditional online trading, the IronX Exchange is able to provide an overall increase in adaption as well as awareness of cryptocurrencies and crypto trading. This will lead to greater use of the ecosystem increasing the number of users.

Increase volume

The cutting-edge leveraging system will help to facilitate increased volume via multi-party interaction as well as combining traditional online trading. This will be addressed by solving the existing crypto industry issues and optimizing the crypto exchange experience intended for the novice as well as experienced traders alike.

Addressing the existing crypto industry challenges

The ironX Exchange is looking to solve the existing crypto market problems by introducing a market-leading technology platform which has a multitude of high-grade features. Also, it aims at providing a highly secured connection between exchanges and third-party institutions. This will decrease problems while increasing the trading volume which is the major challenge for the new exchanges. In addition, it will create high level and easy to use for all crypto trades to buy currency.

Seamless connectivity

The IronX Exchange is looking a way to offer seamless connectivity with the IronFX Group traditional online trading platform that will be able to leverage the IronFX Group’s long-standing, global operational excellence as well as a multi-regulatory presence by introducing a new standard of customer support in combination a strong regulatory framework. The seamless connectivity will be designed and implemented carefully and will involve business process, strict policies as well as technology solution which are all designed and managed using the highest level of legal, regulatory and compliance standards.

IronX Features

Fully regulated: the Group actively seeks to obtain a license and be properly regulated. Currently he is licensed by the FIU in Estonia, but will actively implement licenses in other key jurisdictions. In this regard, the group is considering Gibraltar and Malta.
Existing customer base: IronX builds on our 1.2 million existing IronFX Group retail customers and 150,000 Cardano followers, giving us access to a huge liquidity pool
FIAT and CRYPTO Financing: our platform will provide a full range of traditional financing options for FIAT and CRYPTO wallets.
24/7 Support: IronX will be the first exchange that offers not only 24/7 support, but also the language that our users speak, satisfying their needs.

Key Features
We mean to construct the IronX Exchange platform in light of AlphaPoint's technology. It will use ground-up execution to convey next-level answers for current industry issues. In view of a similar high-review design utilized by real trading frameworks, the IronX Exchange will provide the following framework highlights:

Ultra-high performance architecture for handling global scale industries
Accelerated performance; 1 million trades per second
Intuitive, easy-to-use interface
High-grade security and data protection
Simple systems management
Constant, top-of-the-line system performance
Error detection codes on all records
Always active, dynamic database
Comprehensive customer coverage and service offerings
Quick failover support
Simple systems management
HFT capable systems
Monitoring and alert
Seamless fail-safe modes
Easy FIAT-to-CRYPTO purchasing capabilities

About the token

The IRX ERC-20 Utility Token will act as the primary token in IronX Exchange, backing up system usage. Charges for IRX payments will be discounted, encouraging regular traders to use the IRX for all fees and transactions.

People with IRX cards will also benefit in a variety of ways. Based on their level of holding, they will receive additional services and incentives on the IronX - IronFX Group ecosystem.

Public token sales will be open to all potential contributors, except for citizens of the following countries: United States, Cyprus, Burma, Cuba, Iran, North Korea, Syria, Crimea , Bangladesh, Bolivia, Sudan, Ecuador, Egypt, Kyrgyzstan, Morocco and Namibia.

Details ICO

Token: IRX

Price: 1 IRX = 0.42 USD

Bonus: Available

Bounty: Available

Platform: Ethereum

Payment accepted in: ETH, BTC, Fiat

Minimum investment: 100 USD

Hard Cap: 50,000,000 USD

Country: Estonia Country residents who can not participate in the ICO: USA, Cyprus, Burma, Cote d’Ivoire, Cuba, Iran, Syria, Sudan, North Korea.