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BTC $43876.45 (4.19%)
ETH $3109.51 (8.13%)
USDT $1.00 (0.03%)
BCH $542.17 (5.10%)
BSV $146.04 (-0.8%)
LTC $159.79 (5.34%)
BNB $379.01 (6.88%)
ADA $2.25 (9.72%)
DOGE $0.22 (7.32%)

South African Crypto Exchange ChainEX’s User Base Reached Over 30K

SA-crypto-exchange-surpasses-over-30-000-users
  • South African crypto exchange ChainEX gains more than 30k new user base.
  • The exchange’s user base has increased by 25 times in 12-months.
  • The surge in user base came after the partnership with OKEX.

ChainEX, a South African cryptocurrency exchange platform gains more than 30,000 new user base. However, its user base has increased by 25 times in 12-months. The surge in user base came after the exchange’s partnership with globally well-versed exchange OKEX in 2020, however enabling users to trade with DOGE/ZAR markets.

Moreover, the entry to the Dogecoin (DOGE) market allows users to purchase and sell Elon-Musk-supported coins with South African rands. More so, the collaboration provides a huge number of users as the platform reports that it has 1000 users as an average weekly sign-up rate.

Wilma Burger who is the Project manager for ChainEx responds to the exponential growth of users for the platform.

Wilma added,

Our goal as ChainEX is to reach 200,000 users as soon as possible and 1 million by year-end. Why 200,000? We believe it’s possible seeing as we’re already growing exponentially. With the help of our traders, their network & the demand for crypto in 2021, it’s an achievable goal.

Even more, like Elon Musk and his rocket actually making their path to Mars, it is a mystery. However, each milestone has a giveaway that will only be revealed once we reach that milestone. For instance, every milestone reached will result in a few of our lucky traders winning a prize, as an added bonus.

Moreover, ChainEx was founded in 2017. This platform provides a service that allows locals to buy, sell, and trade various crypto in exchange for the default currency, South African rands.

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Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.