5 Oct 2020 | Uncategorized
In over a decade, bitcoin has created a market that now consists of more than 5000 cryptocurrencies. Buying or selling cryptocurrencies, using traditional finance tools, has started to gain mainstream adoption. Moreover, the interest in cryptocurrency trading and investments is growing with institutional investors keen on including digital assets as a part of their investment portfolio. Even countries across the globe have started defining legal regulations pertaining to digital assets.
Finxflo has bought an innovative solution to trade cryptocurrency without having to shuffle through multiple cryptocurrency trading websites. In this article, we explore the inefficiencies of trading cryptocurrencies through multiple exchanges and the solutions that Finxflo offers to enable an optimum online trading experience.
With a rise in the activity of cryptocurrency trading, supportive infrastructure in the form of cryptocurrency exchanges and wallets has developed at a rapid rate in recent times. While services to manage and exchange cryptocurrencies have developed at a staggering rate, there is a lack of proper structure to optimize trading in crypto markets. Traders face a number of challenges that cause friction in different aspects of managing cryptocurrencies.
Some of these inefficiencies are:
In order to curb such concerns and optimize a user’s experience in cryptocurrency trading, Finxflo, a Singapore-based cryptocurrency platform has developed a unique solution. Finxflo, designed by a leading and experienced team of experts in fields of finance, law, and tech, is an advanced tool for cryptocurrency markets.
Finxflo is a global brokerage platform designed to aggregate cryptocurrency prices from the world’s leading exchanges. It further offers its users the optimum price to buy and sell any cryptocurrency in the market at any given point in time. It also enables users to build a diversified portfolio and trade and manage their coins under a consolidated platform.
Finxflo eliminates market distortions that exist in the cryptocurrency industry today and provides all the similar tools for retail and institutional investors to trade in all cryptocurrencies.
In addition to all the features discussed above, Finxflo adds many other innovative solutions catering to institutional as well as retail traders. The Finxflo’s smart order routing system innovation enables large orders to be distributed across multiple exchanges simultaneously. This helps institutional investors buy or sell cryptocurrency at the best price available.
Finxflo also caters to retail traders by offering preferential fees, usually available only to institutional traders. By introducing no withdrawal fees and low trading fees, it has managed to create an inclusive solution for all types of traders.
Aggregating multiple exchanges further enables Finxflo to access greater market depth and offer higher liquidity to traders. Through one unitary portal, traders can maintain a consolidated order book instead of navigating between multiple exchanges.
The leading crypto platform also encompasses advanced tools like dark pools that allow traders with bigger positions to move in/out of trades without revealing their interests. Although this function is available at many exchanges, it usually comes with additional fees. At Finxflo, traders can access these innovative tools without any additional fees.
FXF is the native token, the fuel, of the Finxflo ecosystem. It is a utility token that grants access to products and services of the Finxflo trading platform. The token is one of the instruments along with the option of traditional coins to pay fees for cryptocurrency transactions conducted on Finxflo. Post-2021, FXF tokens will be the only option for traders to pay their transaction fees.
Additionally, the FXF token also carries incentives by offering lower fees while performing transactions on the Finxflo crypto platform. Trading fees will further be reduced depending upon the amount of tokens held in a user’s wallet.
FXF tokens are available through public ICO sale commencing on the 15th of July 2020. This will last for a duration of 6 months and will end on 31st December 2020. In this ICO sale, 50% of FXF tokens will be allocated. This enables Finxflo to gain wider community input and further incorporate the feedback into building a stronger user-centric product.