IRONFX Launches Its Crypocurrency-Exchange

FX brokerage firm IronFX Group today confirmed that its crypto-exchange, called “IronX”, will be launched in the fourth quarter of 2018. A new trading platform, which is being created in cooperation with EmurgoHK Group, the Hong Kong blockchain accelerator and the creator of the blockchain Cardano and the ADA coin, carries out regulation in accordance with a customized license of Gibraltar for Fintech firms that use blockchain.

In anticipation of consideration and approval of a new direction by regulators, IronX will operate as an adjustable, service-oriented exchange, which facilitates financing both through fiat and cryptocurrency transactions.

Gibraltar became the first jurisdiction in the world to offer a fully regulated structure for companies working with cryptographic technologies.

IronFX recently strengthened its relationship with EmurgoHK Group after the multiregulated foreign exchange provider took ADA Coin as the base account currency on the IRONFX MT4 platform.

The new feature will allow customers to perform a wide range of functions using a virtual coin without the need to convert it into a fiat currency. In particular, account holders with a predominance of ADA can remove the balance, make deposits and use the margin for their transactions using the cryptocurrency.