ChainEX, a cryptocurrency change in South Africa, has launched its fast purchase and promote function for all crypto merchants on their platform.
The startup — which is predicated in Jeffrey’s Bay close to Port Elizabeth and has raised $1.3-million in rounds in 2017 and 2018 — made the announcement in a press release final week.
The startup mentioned the brand new function gives prompt execution. Costs are instantly matched, permitting merchants the prospect to execute orders quicker, it mentioned.
It claims that it has simplified the buying and selling course of, permitting merchants to execute trades even quicker.
SA crypto change ChainEx has raised $1.3-million in rounds in 2017 and 2018
The startup claims that it’s pioneering the business with new options and improvements. These embody a zero-percent maker payment, a data base, devoted ticket-based assist, BTCV markets, and referral packages. Any dealer can start with ZAR after which diversify with hundreds of cryptocurrencies.
In an electronic mail to Ventureburn, the startup mentioned it has over a thousand customers, nearly all of them being South Africans and that it just lately began producing income, however is as but not worthwhile.
The startup was based in 2017 by Ryno Mathee, Otto Lessing (who serves as CEO) and Martin de Bruin.
Mattheee is an entrepreneur with a software program growth background, whereas Lessing was admitted as a lawyer in 2001 and has been concerned in a number of ventures earlier than turning into concerned with ChainEX.
De Bruin is a monetary supervisor at one of many largest dairy farms in South Africa.
Featured picture: ChainEx CEO and co-founder Otto Lessing (LinkedIn)
— to ventureburn.com