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SA Crypto exchange ChainEX releases instant automatic trade-on deposit feature


SA cryptocurrency exchange ChainEX has officially released an instant trade-on deposit feature allowing traders using the exchange to automatically offer trades executed once deposits clear. This helps one repeatedly buy assets and set up a schedule where an automatically chosen cryptocurrency is purchased at regular intervals. ChainEx also made a decision to allow traders and residents from countries to access ZAR markets on their exchange.

The cryptocurrency exchange offers South Africans a chance to buy, sell, and trade different cryptocurrencies in exchange for the rand to remain as the default currency. ChainEx also partnered with OKEx in 2020 announcing that the official opening of the DOGE/ZAR markets.

The move follows a rise in numbers where residents of other countries are allowed to make ZAR deposits and withdrawals including the trading in SA markets in BTC/ZAR. ChainEX also listed SUSHI, Cardano (ADA), and Polkadot coins. This exchange is the only one in South Africa which has listed Yearn Finance, Uni, and 1inch.


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