Multi-regulated brokerage has added support for trading ZRX, the native asset of a decentralized exchange protocol called 0x Project. The ZRX token joins the ranks of other crypto coins traded on Exante’s including Bitcoin, Ethereum, including Binance Coin, Decred, Qtum, Maker and Ravencoin.
Rather than being associated with a base layer protocol like the other coins, ZRX is actually an ERC-20 token built on top of another protocol, Ethereum.
For those who haven’t been kept in the loop, the protocol itself is designed to allow Ethereum tokens to be traded at a low cost directly from your wallet.
The highly experimental token, as described by its co-founder Will Warren, was listed earlier in 2018 by Coinbase. The popular US crypto exchange enabled full support for trading the 0x Protocol token (ZRX) for retail investors through the company’s Android and iOS apps. Prior to that, ZRX was to the exchange’s professional trading platform, Coinbase Pro (formerly GDAX).
More about Exante’s crypto offering
debuted its Bitcoin-only hedge fund back in 2013. At the time, cryptocurrency trading was carried out through EXANTE crypto funds, which allow buying bitcoin and 15 popular altcoins. Exante offered the Bitcoin Fund with an initial minimum subscription of $100,000 and a 0.5% fee for subscriptions and redemptions (1 Bitcoin Fund share = 1 bitcoin). There’s also a commission of a 1.75 percent annual fee (payable in bitcoin to preserve the ratio) for managing the security necessary to safeguard the private keys.
Also in 2017, Exante launched a dedicated altcoin index, XAI, which allows clients to speculate on prices of popular alternative cryptocurrencies. XAI Fund is secured by the real cryptocurrencies included in the index, and it did not include Bitcoin into the list to make the offering more diversified.
Finance Magnates also reported on Exante last year when its new venture capital fund ‘Exantech’ announced its first investment – $10 million in .
Be First to Comment