Reading Time: 3 minutes

Press Release: Tuesday, October 27, 19:00 CAT | Source: Centralex

The cryptocurrency markets have been generating interest in recent weeks, with the overall market capitalisation of crypto investments crossing the $400 billion threshold for the first time since May 2018. Market speculators are feeling bullish, and there is an air of anticipation among those within the industry.

Among those excited are a team of developers based in Hong Kong who have spent the last two years building what they’re calling “the next generation of crypto exchanges”. Named Centralex, the exchange has ambitious goals, but the founders are confident they’re within the realms of their abilities.

“It won’t be easy, in fact, it hasn’t been easy!” says CEO Tristan Roozendaal, “But we’ve built, we’ve tweaked, we’ve learnt, and we’re almost ready to show the world our creation.”

Roozendaal and his team say they built the exchange because they saw the opportunity for something new and fresh, and that regular crypto enthusiasts had become frustrated by how difficult mainstream exchanges were to use.

He argues that some of the major differentiators include Centralex’s clean, holistic User Interface and Experience, their unique two-level referral strategy, their superfast matching engine, their distributed liquidity system, their unique fee structure, and their swift customer service.

Headquartered in Hong Kong with an office in Johannesburg, South Africa, the exchange will cater for the Asian, African, Oceanic, and European markets for now, and will be live toward the end of November. 

From launch, users will be able to trade from anywhere in the world with the exchange’s native CenX token, giving them rebates on fees and allowing for “staking rewards”. Staking is a form of “interest bearing”, whereby users are rewarded for holding a certain amount of tokens in their digital wallets.

Centralex will offer trading in over 12 different markets, including Bitcoin, Ether, Litecoin, USD Tether, EOS, Tron, and numerous others. Users will be able to deposit fiat currency using their credit cards at negligible fees, and will be able to trade within minutes thanks to their artificially intelligent KYC technology.

“We’ve thought long and hard about the kind of company we want to build,” CEO Roozendaal explains. “We designed the platform from the ground up, using our own experience as traders, miners and software developers, to build something that we would want to use day in and day out.”

“We have done everything to ensure that our users are well looked after, with a core focus being on customer service. We plan on having 24/7 personal contact with our customers at any given time, prioritising their needs and overcoming their pain points,” Roozendaal continued.

The exchange will be live for new users toward the end of November, and on 2 November the team go live with their ILO (Initial Launch Offering). The company are giving crypto enthusiasts the opportunity to invest in their product and be part of their launch, and with a unique tokenomics model it looks set to be a worthwhile partnership for those getting involved.

The exchange plans on running its native CenX token on its very own blockchain by late 2021, and will be able to offer distributed application (Dapp) development in addition to utilising the chain for their unique distributed liquidity product. The blockchain currently used for the CenX token and distributed liquidity is the popular Dapp platform Ethereum.

With a myriad of crypto exchanges already on offer in the market to date, it won’t be an easy task to gain the traction required to make a dent, but this team (and their elaborate white papers) look like Centralex means business. Cryptocurrency enthusiasts can read more about Centralex by reading their CenX Token whitepaper, or their Exchange whitepaper at these links.The Centralex ILO goes live just after midnight on Monday morning 2 November 2020, and crypto enthusiasts can partake using regular bank cards issued anywhere in the world via secure payment processors on the Centralex website.

— – – – – – – – – – – – – – – – – – –

This article is a Press Release received from Centralex. Global Crypto did not receive any form of compensation for its publication, and as this material is deemed newsworthy for the international blockchain industry, it was thus published accordingly.

Kratika is Global Crypto's Admin Assistant. She has extensive experience working for top tech firms from around the world, and has a wealth of knowledge in the FinTech industry.