The first cryptocurrency to ever existed is bitcoin which came out in February 3rd 2009. After the emergence of the first cryptocurrency, its users didnt grow because people where scared of an industry which was untested as at then, I guess those who took the risk of buying then will be forever grateful.
Since the emergence of bitcoin and its success, over a thousand more cryptocurrencies are now in the market. After the success of bitcoin, many individuals didn’t want to make the same mistakes they made by not trusting bitcoin when it first came out. Thus, this made people to troll over other cryptocurrencies which then came after bitcoin and although some were a success which benefitted users, not all did. The cryptocurrency in time then developed its own exchange which currently is driving really fast in catching up with the trading volume of forex (foreign exchange) which currently has the highest trade volume as far as trading goes.
The cheer amount of trades now going on in the crypto trading goes far to show just how large the industry has grown since its inception. The total market cap of cryptocurrencies earlier on this year was well over $400 billion but due to the current downsizing of the industry, it is currently gaining back momentum from around $255 billion.
Despite the advantages various individuals has enjoyed/benefitted from the crypto trading industry, there is currently a lot of worries regarding the securities in various exchanges due to the growing rate of cyber-crime.
There are currently just 212 crypto exchanges in the world today, and with daily trading volume reaching well over $12 billion dollars, it is safe to say that these crypto exchanges are what holds majority of cryptocurrencies out there. This means that is a crypto exchange should face any sort of personal wallet or general platform hack, many traders and the crypto market will suffer a great deal. This challenge was made evident when one of the world’s biggest trading (MT.GOX) platform was hacked. This saw to millions of traders losing their funds and the market suffering from loses of billions of dollars’ which took the crypto market quite some time to recover from. Recent reports have also shown that individual accounts/wallets has been susceptible to hacks and many have suffered that faith. This is as a result of the various existing crypto trading platforms only being concerned about making profits than actually providing a safe trading experience investors would enjoy. All this is coming to an end though, with the help of the newest exchange known as FINANCEX.
FINANCEX is a crypto trading platform which is here to solve various problems being faced in the crypto exchange market. FINANCEX is set to provide the worlds ever first crypto exchange which will allow investors to trade with the fiat of their country as well as provide security which cannot be matched by any cyber-criminal.
The platform with these various features will also be making sure all information on the platform are confidential and that all investors funds will be at all times safe. The platform will be making use of the following in ensuring this safety as well as privacy.
- The platform will be making use of a notification system which will allow investors to be promptly notified on their mail whenever their account is signed in with a new ip address or another device.
- Full log which will be used in tracing any access and audit trial changes to important data
- KYC (know your customer) verification.
- 2 factor authentications will also be used in making sure users are the once actually signing into their accounts.
- A secure web with SSL and DDOS protection will also be used in ensuring maximum protection as well as with the use of
- Cold wallet in storing customer coins.
Other than the security benefits being provided by this world class exchange, among other things the platform will be providing a 24/7 prompt customer care assistance for all of its customers.
WHAT I THINK
I believe FINANCEX is here to change the status quo on the security affairs in various exchanges which has lingered for so long now, and making sure all investors funds are always safe from cyber predators and even from their own clumsiness as security is perhaps one of the most important factors in this digital age we are now in. FINANCEX will keep your funds safe as well as providing you with the best trading experience you will ever get anywhere, so I think the platform is worth giving a try.
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