Review on Emirex by Pedro O. Alvino M.
Centralized trading of tokens and cryptocurrencies
Developed in 2019, it was induced for the trade of cryptocurrencies and Fiat currency for the Middle East region, although however the services are available to any user, although there will be complications when it comes to KYC verifications for the deposit in Fiat currency.
With more than 100 exchange pairs to trade, the trading commissions are acceptable, where the liquidity that originates in said platform is moderate and it is possible to negotiate without delay given the high handling of transactions that the exchange occupies. Its exchange design is basic given the graph and the list of market orders, however it also contains a Widget with information about the currency that is being exchanged in addition to having a trend analyzer of the currency that is being traded.
Even though the exchange is under development, it has prominent services that other cryptocurrency trading platforms do not offer, but in terms of negative points, there is the withdrawal fee system, which in both the minimum withdrawal amount and the generated fee are very high. which complicates operators who handle a very small volume.
Pros
- It has more than 40 crypto assets and 3 Fiat currencies to trade.
- Offers tokenization service for companies and institutions.
- It has excellent liquidity in most of its exchange pairs.
- Has a list of IEOs with several projects in launch.
- Supports various methods of Fiat currency deposits.
- Stores 99% of crypto assets offline.
Cons
- The exchange is still under development.
- It does not yet have an app for mobile devices.
- Withdrawal fees for crypto assets are excessively high.
