- IronX says it will provide users with easy fiat-to-crypto conversion, security and competitive exchange rates.
- Holders of the exchange’s native crypto, IRX will get 50% discount on trading fees
- New users who complete their KYCs will receive 10 IRX
IronX, a cryptocurrency exchange backed by IronFX foreign exchange platform and EmurgoHK, the parent company of the Cardano (ADA) project, has announced the limited public launch of it crypto trading services.
IronX, the brainchild of EmurgoHK and IronFX has now opened its doors to the public following a hitch free beta testing period.
The exchange promises to offer traders a vast array of benefits including competitive exchange rates, frictionless fiat-to-crypto conversion, funds security and data protection. It currently supports fiat and crypto trading, including USD, EUR, JPY, BTC, ETH, ADA, IRX, and several others.
Accordingly, traders who upload the necessary verification documents and complete their know-your-customer (KYC) processes will receive 10 IRX, the exchange’s native token.
Additionally, IronX traders will be able to choose from the numerous order types supported by the platform, including market, limit and stop orders.
The exchange also claims that users will benefit from its comprehensive customer coverage, exclusive service offerings, plus a 50 percent discount on trading fees paid with its IRX token.
Commenting on the matter, IronX CEO, Dimitris Hatzis expressed his excitement over the successful public launch of IronX. In his words:
“As promised, traders on our exchange will be offered a 50 percent discount on trading fees paid with IRX tokens, in line with the IronX Loyalty Program. They will also have access to cryptocurrency and fiat pairings. In the near future, we plan to add more features to our exchange, as well as support for more virtual currencies.”
IronX has also created a referral program that enables traders to get exciting referral bonuses according to their IRX holdings.
Per the team, users with less than 12,500 IRX ($5,000) are entitled to a 20% referral bonus while those with up to 12,500 IRX will get 40 percent referral bonuses and 50 percent referral bonus will go to those with up 25,000 IRX ($10,000) in their wallets.
At the same time Cardano (ADA) has been making significant progress in the cryptospace.
As reported by Blockchain Reporter on March 20, 2019, the Cardano team announced the launch of the Canada 1.5 update on Mainnet.
In related news, on March 27, Ledger, the makers of the Ledger Nano S hardware wallet added support for Cardano (ADA).
At press time, Cardano (ADA) is the 9th largest cryptocurrency in existence, with a price and market cap of $0.09 and $2.35 billion respectively.