According to Coindirect’s website on Friday, the exchange will enables investors to trade with most cryptocurrencies.
The South African-based crypto firm said through the exchange traders will be able to buy cryptocurrencies online and pay in their local currencies from anywhere in the world in your local currency, so you can buy or sell globally. All with 24/7 access.
Through the Coindirect exchange you can now buy and sell ETH, USDT, XRP, LTC, DASH, BCH & BTC directly from local buyers/sellers using local payment methods in 25 countries at 0% fees.
The crypto company said in its website that the new exchange features real-time order book, trade history and advanced charts. With a fully featured API and comprehensive documentation, building your own automated trading strategies through Coindirect exchange is easy.
Stephen Young, co-founder of Coindirect, recently told Forbes that it is time for Africans to take control.
“If Africans are to benefit from the cryptocurrency revolution we need make it easier to buy, store and trade cryptocurrencies. As Africans, it is our responsibility to help build the infrastructure and we need to be a part of the revolution.”
Coindirect has a three-pronged approach to accelerate the adoption of crypto in Africa. It says it has the potential to address the systemic volatility, insecurity and lack of governance that dominates most African fiat currencies.
Coindirect entered the crypto market through an online platform for local currency trading.
In January 2018, the Coindirect.com cryptocurrency marketplace was designed to make trading in digital currencies simple, and is now live in the United Kingdom, South Africa, Nigeria and Kenya.
Coindirect.com is backed by a consortium of some of the leading technology investors, based in the UK and South Africa.
It has offices in London and the Isle of Man, and is registered with the Isle of Man Financial Services Authority.
Coindirect believes that there is exponential opportunities for cryptocurrency to revolutionise the financial sector in Africa and that it is up to those within the region to drive this forward.
“We’ve seen the continent essentially leapfrog traditional banking through newer mobile technologies, making it well placed for widespread adoption of blockchain and cryptocurrency technology,” Young recently told Mondo Visione.
“There’s an exciting opportunity to put an open access, secure and private decentralised financial system in the hands of emerging African economies.”