Asian University Challenge By Digifinex And Coindesk Signal Crypto Mainstream Adoption’s Closer Than You Think

It’s one of the top 10 trading platforms in terms of both liquidity and trading volumes and offers all the leading coins. Ethereum CookieDurationDescriptioncookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin.

• The Phoenix DeFi Oracle will allow users to also utilize the PHB token on the Horizon ecosystem.
• If you’ve lost the DigiFinex current PIN code you entered, you can reinstall your app and recover your wallet using the recovery phrase.
• TheCoinRepublic is a leading Bitcoin, blockchain, Cryptocurrency, and altcoin News Provider.
• In the app, you can find the customer service by clicking on the “Head Icon” in the top left corner and selecting “Customer Support”, which will initiate a live chat with the customer service team.
• Moreover, DigiFinex has also launched three events, worth $2,00,000 rewards in YNI.
• Not everyone in the cryptocurrency ecosystem agrees with these numbers, however.

DigiFinex has been in the market for less than two years but has already managed to become one of the most promising cryptocurrency exchanges in the world, with a recent 24-hour volume of over $1.5 billion according to CoinMarketCap. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. While trading on the DigiFinex, you need to choose the “Exchange” section which features the candlesticks model of technical analysis powered by TradingView team which can help you in monitoring the trading pairs. You might find difficulty in reading the charts as they signify all the positive changes in red colour and they show the reduction in volume in green colour . On the single dashboard, you can find the list of all trading pairs available and on the other side, your order book can be seen. Whether you are a beginner or an advanced trader, you can easily gel up with the platform to utilise the options offered by the DigiFinex as per the DigiFinex review.

It’s not the best though but still crypto enthusiasts love it as far as their need is fulfilling. Users on the HZN ecosystem will also be able to access traditional financial markets, including equities, corporate assets, market indices, and commodities. Horizon Protocol is a decentralized finance platform that was forked from Synthetix, a derivatives liquidity protocol.

DigiFinex offers zero trading commissions for any exchanges involving natively supported cryptocurrencies and any equity. All the members of the EmiDAO alliance are exposed to the ecosystem projects, launching with the first project EmiSwap, the members of EMIDAO will vote on what new initiatives and projects to launch in the future. Dubai, UAE, March 08, — EmiSwapis the first product in the ecosystem of EmiDAO, a truly autonomous DAO designed with new ideas and advancements in DeFi. With theESWgovernance token at the heart of the ecosystem, EmiDAO enables 100% of projects’ profit distribution among ESW token holders. We are still in the early stages of the NFTs therefore a lot of projects might die soon a bit like the ICO madness in 2017. For the moment, NFTs are a way to support artists again and to perpetuate the digital crypto trend.

Recent News About Digifinex

However, unlike mainstream DeFi platforms, Horizon Protocol facilitates on-chain trading of synthetic assets and derivatives markets via smart contracts. The Blockchain Transparency Institute revealed in 2018 that most cryptocurrency exchanges use fake trading volumes to impress users and boost their relevance artificially. Currently, DigiFinex is the fourth-largest global cryptocurrency exchange by adjusted volume and seventh-largest by reported volume, according to CoinMarketCap. According to DigiFinex developers, the platform also enables real-time accounting and transaction processing. This means that every time a user performs a transaction, the data is instantly available. This is possible thanks to a mechanism which allows the exchange to carry out continued backups and perform constant updates for the cache.

Users of the platform are able to digitally verify their identity for public services and other operations. The platform is constructed the way that people actually own and control their information. Besides, all data is shared selectively and is resilient against attacks. One such endeavour into the NFT space recently has been made by EmiSwap, an automated market maker exchange with its ESW voting token as well as yield-increasing NFT Magic Cards mechanics. EmiSwap is the first project in the EmiDAO ecosystem which aims to create an ecosystem of community-governed projects operating and meeting the emerging users’ needs. That’s why for the safekeeping you can move your crypto to a cold storage solution like a hardware wallet.

Bitcoin Cash sports betting is slowly getting traction in the market. Sportsbetter.io has created a website explaining the benefits, is using BCH to make bets. The advantage is that you do not have to deal with finance entities. We recommend going through their site and reading the pros and cons of the BCH betting market. Alternatively, you can diversify your crypto assets in different wallets.

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DigiFinex is a mobile app designed especially for inexperienced traders and has a simple interface that’s easy to navigate. It isn’t the cheapest exchange as trading fees are fixed at 1% and there are many, varied deposit and withdrawal fees, but DigiFinex’s main advantage is the more than 100 cryptocurrencies and 70 fiat currencies it makes available. Only three years after it made its debut on the market, DigiFinex has already become the preferred crypto trading platform for over 4 million traders. It’s easy-to-use interface combined with a simple, user-friendly app no doubt helped in this respect. DigiFinex makes money from widening the spread between cryptocurrencies and fiat currencies. The broker doesn’t currently charge fees on currency exchanges, but it does generate an income on the spread between different currencies, which goes to cover some of the app’s costs.

The authorities are knowledgable and ready to capitalise on blockchain technology at a time when Hong Kong and China are clamping down on cryptocurrency exchanges. DigiFinex or Digital Asset Financial Exchange was by Ned Kee in 2017, especially for Asian crypto enthusiasts. Based in Singapore, the exchange grabs the position among the top 10 crypto exchanges of the world by trading volume.

All Cryptos In One Place At Sesocio

If you’ve lost the DigiFinex current PIN code you entered, you can reinstall your app and recover your wallet using the recovery phrase. If you haven’t saved your recovery phrase, do not delete and reinstall your app.

Cryptocurrencies are gaining traction in financial space after the price of Bitcoins skyrocketed to $20,000 in a few of the exchanges, an all-time high after it was founded in 2009. Several crypto exchanges, asset management companies, portfolio managers, technical tools, cryptocurrencies, etc are launching regularly to captivate the interest of the community towards the digital assets.

The HZN community can create synthetic assets that are tradeable across various blockchains thanks to the platform’s collateralization ratio feature. The zAsset prices are defined by price feeds from real-world DeFi oracles such as Phoenix DeFi Oracle, Chainlink, and Band Protocol. HZN holders can stake their tokens in liquidity pools and get staking rewards generated from exchange fees and Horizon Protocol’s inflationary monetary policy. 60% was reserved for supporting the Horizon what is cryptocurrency Protocol ecosystem and community through synthetic asset stabilization and community incentives. The HZN token serves as the collateral in the synthesis of tradable assets and derivatives markets on the protocol. This allows it to drive the reward system, which is vital to making Horizon Protocol a Decentralized Autonomous Organization . Launched in 2017, the exchange has grown to support over 200 coins, matched in more than 300 pairs on the platform ever since then.

What You Need To Know When Trading Stablecoins

Users with a top 30 trading volume and greater than 2,000 USDT will get a share of 70 million DCN based on their trading volume . DigiFinex, a world-leading digital assets trading platform, has joined the Sygna Alliance as the 25th member and completed the integration of CoolBitX’s market-ready compliance solution, Sygna Bridge. The Sygna Alliance consists of a consortium of Virtual Asset Service Providers across the APAC region, most of which have commenced internal testing and implementation of the Sygna Bridge solution. DigiFinex was started by technical and financial teams with professional backgrounds in tech giants like Baidu, Tencent, and Xunlei. With a solid experience in blockchain technology, the founders insist on investing in continued cybersecurity to gain user trust.

They charge their users with no more or less than 0.20% which is slightly low from the other trading platforms which have competitive trading fees of 0.25%. Although the exchange is specifically designed for Asians with the Chinese language but there are no language barriers as the platform also offers the English language for its international users. They are quietly active on their social media platforms to make the users more aware of what’s happening.

It is the preferred cryptocurrency trading platform of more than two million users around the world. Follow the DigiFinex Facebook and blog for updates on this event. DigiFinex, a global cryptocurrency exchange, is adding Horizon Protocol’s token HZN to its ever-increasing list of tradeable altcoins. This news comes a few days after Horizon Protocol announced the upcoming launch of their Horizon Genesis project on BSC. The project will provide Horizon Protocol’s community with better ways of managing their synthetic assets on the platform, including pooling HZN tokens to mint zUSD, burning zUSD, and earning new HZN. As per the DigiFinex review, DigiFinex exchange has included over 100 cryptocurrency trading pairs on their exchange, which are traded actively on the platform. By deploying the various techniques, exchange assures the transparent network with the quick transaction and competitive fees while depositing and withdrawal of cryptocurrency.

digifinex, like other exchanges, counts on high liquidity to gain trust. In 2018, the platform launched DFT, an ERC-20 Ethereum-based token with total liquidity of 130 million DFT. However, it doesn’t seem enough for the Western markets to make DigiFinex their first choice for trading digital assets. According to the BTI’s report, the real trading volume of DigiFinex barely reaches 1% of the reported volume. This was before the Bitwise report came out with damning data concluding that 95% of cryptocurrency trading volume was fake. DigiFinex allows users to deposit or withdraw funds via various sources, including credit cards, cryptocurrencies, and even cash. However, some of the fees it charges are rather high, as opposed to other similar exchange platforms.

The platform is safe, reliable, secure, and providing efficient services and protection to its users. The main feature that users look into while considering any exchange is how many coins and tokens the exchange manages to support as well as trading pairs.

High-level security is maintained by platform by keeping the deposits of customers in scalable HDM wallets which can be offline/cold or multilayered hot wallet protected with the special solutions. No, DigiFinex is a non-custodial wallet and does not have access to user funds or recovery phrases. Yes, DigiFinex does offer the ability to pay in supported crypto coins. DigiFinex only works as a mobile app so you need to have a strong Internet connection before trading or exchanging your funds on it. If the app crashes, all you have to do is close it and open it again. DigiFinex provides 24/7 in-app customer support as well as email support. There is also a QR code that can be scanned which links you directly to a WeChat customer service page.

Автор: Felipe Erazo