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ChainEX Launches Digital Asset Exchange with Rand Support, Zero Fees

The crypto revolution has taken the world by storm, changing the way value is stored and exchanged. This multi-billion dollar industry, rapidly approaching the half-a-trillion USD mark, has become the most exciting industry for investors globally.

While countries like Japan, South Korea, and Switzerland continue to break new grounds in this emergent industry, the African continent seems to have been making very little progress in tapping into this vibrant industry. Until now.

Introducing ChainEX

ChainEX is a South Africa-based cryptocurrency exchange platform and the world’s first exchange allowing Africans to trade in over 30 different crypto assets and pairing some to the South African Rand.

“Our mission is to provide a world-class platform that is secure, user-friendly and reliable with a well-tested, highly scalable matching engine to benefit not only South African but also international users – supporting trading in more than 200 countries” says ChainEX’s Director, Ottoman Lessing.

Scheduled to begin operations on June 4th, ChainEX will not only be opening the African continent to the ownership and exchange of decentralized assets, but will also enable all users to trade for the first two weeks at zero fees. This is in line with the company’s mission to meet and service the increasing demand for cryptocurrency consumption, making this innovative backbone of the fourth industrial revolution readily available for all. To further this goal, ChainEX plans to expand its asset base in the near future through the introduction of more crypto assets to the trading platform. The company will also implement scaling fees for its services on the 18th of June, enabling users to enjoy a more robust trading experience and exposure to cryptocurrencies.

About ChainEX

Founded in early 2018 from a long-held passion to create a digital asset platform that will seamlessly cater to the growing, global demand, ChainEX has come a long way from what it was on paper in 2015 to where it stands now. The idea for the platform was born out of a fortunate eavesdropping incident at a breakfast event by one of the executive members of the company. Curious about the way this technology could disintermediate and decentralize the exchange of value, he poured himself into researching the technology thoroughly, shared it with his friends (now shareholders), and together, they laid the foundation for the development of ChainEX.

The team met up with a new friend, a system architect, and an overseas investment partner seeking to launch a digital asset exchange backed by a highly-talented team. This fortunate meeting of visionary minds may be chalked up to coincidence, but the team behind ChainEX does not believe in the random alignment of purpose. It takes dedication, focus, determination, and a strong will to deliver to make possibilities reality. ChainEX is the culmination of that.

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