Tech in Africa
Digital crypto exchange startup ChainEX offers South Africans an opportunity to buy, sell and trade their cryptocurrencies while using the South African rand as the default currency. As of April 22, South African ChainEX users can now access the DOGE/ZAR markets and acquire the Elon Musk-inspired cryptocurrency with the local Rand.
ChainEX has experienced steady growth recently passing the 30,000 user mark having increased its SA user base 25 times in 12 months. Weekly, the platform records 100 sign-ups on average and is looking to capitalize further on the recent crypto hype by launching a “Road to 200k” looking to enlist a million users by the year’s end. Wilma Burger, the Project Manager shared some of the strategies they will deploy such as offering prizes to “a few of our lucky traders” with every milestone met.
ChainEX stands out as the only digital asset exchange giving South Africans a chance to buy, sell and trade more than 20 digital assets using the Rand as the default fiat currency.
In 2020, ChainEX also partnered with OKEx, a globally recognized crypto exchange to give its users increased liquidity and greater access to a variety of digital assets.
