Crypto Exchange Powered by FX Broker AAATrade Launches Mobile App

Virtual currency platform CryptoExchange, which has been created by the team behind the CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term-regulated FX broker AAATrade, has launched a beta mobile app with complete trading capabilities for both Android and iOS systems.

Based on the descriptions provided, it appears that the new mobile app revolves around convenience, as crypto investors can pass the KYC procedures and start trading in 10-30 minutes.

The team involved has also instructed users to upload their verification documents such as passport and utility bills. CryptoExchange users can fund their accounts using bank cards, and also via a wide variety of methods including wire transfer and e-wallets.

The CryptoExchange app includes features like mobile trading, real-time ticker updates, charts in different time intervals, options to manage specific coins, and the ability to set alerts for price changes.

The project’s developers added that CryptoExchange provides access to more than 15 digital wallets, which enable users to exchange, withdraw or deposit their preferred cryptocurrency, Euro, or US Dollars.

AAATrade’s leap into the burgeoning cryptocurrency space mirrors similar initiatives by other FX brokers, including IronFX Group which plans to launch its cryptocurrency exchange, dubbed ‘IronX,’ as early as the fourth quarter.

The trend could be seen as an attempt by these brokers to refresh their offerings amid an ever-growing list of industries embracing Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term. From a purely technical standpoint, FX brokers are a great partner for the crypto industry that can help solve several issues while creating a more stable investment ecosystem on the back of their trade-tested infrastructure.

A crossover of team members, technology and revenue from FX brokers enable their powered exchanges to bring industry experience, technology, and proven models into a crypto platform.

However, despite the hype around mixing the crypto and FX experience, the game has seen lagging user interest in recent months against the backdrop of the cryptocurrency bear market.