AlphaEx is a hosted solution which is secure, high-end, multi-tenant transaction processing infrastructure capable of handling several large scale transactions through the cloud platform hosted at secure data center. AlphaEx is a highly versatile, scalable and robust hosted exchange platform that covers all aspects of crypto exchange operations.
This past Thursday, May 17th 2018, AlphaEx launched their new updated website after additional features were added to the platform. This announcement was well received by the investors on the platform as daily traded volumes traded on the exchange has slightly improved in the past week. The exchange was launched in 2017 in collaboration with XinFin Fin Tech in a bid to improve the uptake of the token on the exchange. The maintenance period started at 0600 UTC and completed at 1000 UTC marking the launch of the new AlphaEx cryptocurrency exchange.
One of the major challenges the crypto exchange community is facing is the expensive and difficult methods employed to gain listing to an exchange. The current cryptocurrency exchanges are also heavily controlled with a heap of rules and regulations making it almost impossible for new ICOs to gain listing on them. This will in turn stifle the development progress of these token’s and coin’s adoption. Smaller coins have had it rough in gaining listing on large exchanges due to these rules and regulations.
The other problem heavily crippling the young cryptocurrencies is delisting from the exchanges. The increasing number of coins delisted from exchanges is slowly increasing further crippling the industry. Simply put, the current state of cryptocurrency exchange is benefiting the larger coins while heavily incapacitating the small growing coins. However, AlphaEx is on track to solve these problems allowing users to privately host their exchange platform.
AlphaEx is a white label cryptocurrency exchange that offers a platform to trade exchange markets for the popular currencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and XinFin (XDCE). The main pairs of trade are; XDC/BTC, XDC/ETH and XDC/XRP. The recent addition of Bitcoin Cash (BCH) trading pair with XDC is a sign of the increasing popularity the private exchange is facing. AlphaEx allows the user to have total control over the tokens traded, its volume and price. The exchange also provides an option to investors to trade on the tokens without fear of delisting, giving them confidence in their investment.
AlphaEx collaborated with XinFin Org., ‘eXchange InFinite’, to allow quick privatized exchange of any cryptocurrency on the platform. Some of the projects set by the company is to facilitate fixed rate remittances, digitization of real world assets, improve global trade through the XDC01 protocol and provide settlement for the internet of things (IoT) enabled projects.
XinFin token, XDCE in brief
XinFin (XDCE) is currently the main trading currency on the exchange. The token built to take over the $27 trillion USD global trade industry, is currently trading at $0.004841 USD, a 14% drop in a day. The drop is synonymous with the current market movement with majority of the coins seeing red in the last 24 hours. The XDCE token has however seen an increase in the daily traded volumes as its 24 hour traded volumes crossed the $3 million mark for the first time this week.