The cryptocurrency market boomed in 2017-2018; the total market cap of cryptocurrencies reached $700 Billion USD last year. With the immense market potential offered by cryptocurrencies, digital currency trade is flourishing and several crypto-exchanges were launched within the span of an year and still more are under development. Crypto-exchanges are platforms where traders can exchange cryptocurrencies for other cryptocurrencies or fiat money.
Panaesha Capital Exchange (PCEX) is a cryptocurrency trading platform set to be launched in Quarter 3 of 2018. PCEX is secure, fast, provides high liquidity and employs a broker channel for extra security. The platform is a one-stop trading solution; offering both cryptocurrency to cryptocurrency exchange and cryptocurrency to fiat currency trades.
Benefits of PCEX
Multi-functional Exchange Platform
Many crypto-exchanges, even prominent platforms, support just crypto-to-crypto trades, forcing traders to conduct their activities on multiple exchanges. Crypto-traders first buy cryptocurrencies for fiat money on a particular platform and then distribute the currencies over several trading platforms to ensure liquidity and profit. In order to convert the digital currencies to fiat, the traders have the choice of just a handful of platforms. PCEX is a comprehensive solution offering high liquidity; the crypto-traders can conduct all their trades on a single platform and will also be ensured of significant returns.
To promote the liquidity of digital assets on PCEX, the platform embodies all the key attributes for a fast-moving exchange;
An easy user interface to simplify the transaction process. PCEX is built similar to the National Stock Exchange format for familiarity.
Low transaction fees (PCEX insists on very few fees for trading on the platform).
A sophisticated buy-sell procedure through a superior matching engine. Trade orders will be matched fast on the platform.
High-Caliber Order Matching
Users on PCEX are offered the limit trading procedure so that they can buy or sell assets at a price they set; the matching engine will try to enhance the sale by matching the users’ trade with a better price in a limited time. The limit time will be set by the traders after which the trade order will be removed from the platform. PCEX has the ability to match orders fast through a superior order-matching engine.
To conduct trade on PCEX, crypto-traders will incur just two fees: transaction fees and withdrawal fees. The transaction fee on PCEX is much lower than the fees on other platforms offering similar services. A significant portion of the transaction fees go to brokers and sub-brokers of PCEX; the platform will receive a smaller portion of the cut.
Broker and Sub-Broker Channels
Brokers and sub-brokers for crypto-trade is a unique feature of the PCEX trading platform. Traders on crypto-exchange platforms usually face poor customer support and slow reaction time. PCEX remedies this drawback by employing a fleet of brokers and sub-brokers to assist traders personally on each trade. A single point of contact will be assigned to traders on PCEX whom they can contact at any time for assistance. No dark period of unresponsiveness will ever be associated with PCEX.
Through the broker channel and exceptional services, PCEX aims to build long-term relationships with users. The broker channel also adds a layer of security to the platform.
Incidentally, PCEX has several layers of security. The platform has a Clark-Wilson Model of security architecture to ensure data integrity. The security system will verify the acceptance of information on PCEX so that data breaches can be prevented all together. Secure operations on the platform require the auditors to collaborate; devices and identities are in place to protect the website. PCEX provides crypto-traders a level of security that is impenetrable and keeps the traders’ identity and digital assets safe from hackers and accidental loss.
All users, brokers and sub-brokers on PCEX have to complete a KYC/AML protocol; PCEX is preparing ahead for any regulations that may arise in future. Traders can also be assured of legal conduct on the platform.