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As an Investor who shifted from stocks trading to cryptocurrency trading, I have encountered various limitation on my trading experience, which includes exchanges trading pairs; you might have observed situations where entry to a trading must be made through another cryptocurrency which I'm not interested in, this coin trading pairs like LTC/BTC or ETH/BTC which means if I would like to invest in LTC and ETH I must first purchase BTC using my local currency to enter the trade. This creates room for challenges such as time-consuming, costly operations, complex trading systems and more risk when engaging in various trades to enter my favorable trade.

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Cryptocurrency liquidation is complex in the current systems and I would consider the complex process hindering the adoption of cryptocurrency. Based on the fact that fiat is currently more stable than cryptocurrencies I would prefer an exchange that allows me to trade cryptocurrencies using my local fiat currency allowing me to save time, lower the transaction costs and also secure my trade process.

(Video Source: YouTube FinanceX - Exchange made simple)

One of the exchanges that have a focus on this business model is FinanceX, the exchange has a business model that will allow traders to exit and enter a trade with their local currency using various kinds of fiat transfer that they are familiar with such as Bank wire transfer, Electronic wallets such as PayPal and which takes seconds to be available to the exchange wallet for immediate use, unlike Cryptocurrency deposits that have a confirmation period on the networks.

FinanceX Cryptocurrency Exchange.

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FinanceX plans to expand its offerings to countries such as Singapore, Vietnam, Philippines, Indonesia, and Thailand making it easier for the countries native cryptocurrency traders to enter and liquidate their cryptocurrencies with their native currencies, the combines 24 hours trading volume of this countries is $96695. These countries are favorable for this kind of exchange because of their favorable crypto-friendly laws.

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What is the problem with Bad Trading pairs?

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Consider a trading process where you have to buy and Liquidate LTC and BTC and current exchanges have assets listed as LTC/BTC and ETH/BTC, it will mean that you have to buy BTC first in order to execute your trade as an entry and as an exit when you are holding your local currency. This means you will be exposed to a complex process of trading and has many risks in the current volatility of the cryptocurrency market.

This situation exposed trader to high costs of transaction that comes with transactions processing fees, withdrawal, and transfer fees. This process affects the liquidation process to when you have just made a profit and you would like to liquidate the earning but the trading pairs are being affected by the volatility of the market meaning you have to wait for a stable opportunity to exit the trade.

FinanceX Local Fiat-Coin Trading Pairs?

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FinanceX exchange is considerate and focuses on the trading pairs to allow Fiat-Coin trading pairs, the exchange has its leadership and operational strategies developed by a team of experienced financial experts in the financial, technological and the stocks market and are crowdsourced from various countries in the world.

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I do believe FinanceX exchange will also help in the adoption of cryptocurrencies by making it easier for locals to purchase their cryptocurrencies of choice using a medium of exchange they understand which is their local currency and they will be able to save on time and complexity of entering and liquidating their assets.

According to my hypothetical analysis, the complexity of the current trading experience is not favorable to the common citizen and FinanceX has a solution by focusing on local trading pairs that they are familiar with either to enter a trade or liquidate their cryptocurrency assets.

Conclusions.

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As a cryptocurrency trader and a cryptocurrency enthusiast, I’m looking forward to FinanceX to launch their exchange which will allow local trading pairs and knock out the requirements of having to use multiple processes in order to enter and liquidate our cryptocurrency assets.

FinanceX business model has good trading pairs that will improve the trading and liquidation of cryptocurrency assets which I believe will improve the trading volume on the exchange creating a win situation for both traders and investors of FinanceX.

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