Founded in 2018, SA’s ChainEX, has doubled its users from 10,000 in October 2020 to 20,000 in February – a span of 4 months. As the first South African Cryptocurrency exchange, ChainEX gives traders a platform to buy, sell and trade their cryptocurrencies. The exchange is among the first in South Africa to list SUSHI, UNI, YFI, Bitcoin Vault, and ELCASH.
Michael Bernardt, Head of Community & Director at ChainEX commented on the new listings, pointing out the huge demand for Defi since it took off. ChainEx was quick to adapt and now ranks as the first South African exchange to onboard users into these exciting markets.
There are more than 20 tradeable assets at ChainEx – the addition of UNI, DeFi coins LINK, SUSHI, and YFI also give the platform a competitive edge. Users are opting for the platform given the wide array of coins listed. ChainEx has also partnered with IntoTheBlock (an international data company) and BlockTrading (a signal providing company).
Find out more on the ChainEx blog.