ChainEx, a South African Cryptocurrency exchange start-up, has partnered with OKEx, one of the world’s leading Crypto exchange.
SA Crypto startup ChainEX partners with OKEx. Currently, ChainEX is the only digital asset exchange providing a platform for South Africans to buy, sell, or trade more than 20 different digital assets using the South African rand as the default fiat-buying currency. Ryno Mathee, Otto Lessing, and Martin de Bruin founded the company in 2017. ChainEX has raised US$1.3 million to date. Even though the start-up has over a thousand users, it recently started generating revenue and is as yet not profitable.
OKEx is a secure crypto exchange platform based in Malta. It provides traders with advanced financial services using blockchain technology. Also, It claims to achieve a regular trading volume of up to $1.5billion with over 20 million users in over 100 countries.
In addition, the new partnership will allow more cash flow for crypto traders and a chance to access a global exchange. It aims to remove transaction barriers and increase transaction efficiency. With this new venture, ChainEX will be able to expand its footprint internationally.
Ryno Mathee, Chief Technology Officer, “ChainEX’s acknowledged that the new alliance will provide African’s access to a Top Tier Global Cryptocurrency Exchange. He added that it will also bring new liquidity and volume to ChainEX.
van Chen, Business Manager of OKEx Africa
Ivan Chen, Business Manager of OKEx Africa provided insights on the benefits of the partnership for both parties and its users.
“OKEx respects partnership as the key steps to develop and provide local services to users. In the meanwhile, building win-win cooperation with ChainEX will lead us to a better future.”
Currently, ChainEx is pioneering the industry with new features and innovations that include:
- 0% maker fee
- BTCV markets
- Referral programs
- Ability to purchase any crypto with South African Rand (ZAR)
Recently, ChainEx also announced the launch of a quick buy and sell feature for all crypto traders on their platform. The start-up said the new feature will provide instant execution. The prices are immediately matched, allowing traders the chance to execute orders faster.
In addition, it claimed that by allowing traders to execute trades even faster, it has simplified the trading process.
