Digital platform to trade cryptos in LatAm launched

Dubai / Emirates Business

Zurich Capital Fund in partnership with Ayarezq Ayasoft announces the launch of (Exor), the first high-end digital platform in Latin America and the Caribbean to trade crypto currency linked and connected to banks in Latam where it started with five million user.
It is integrated with digital banks and is the first in the world with multiple uses in the Latin American region in terms of its services such as providing a comprehensive digital platform, including providing banking services and areas of trade finance to expand in the areas of digital commerce in partnership with Solomon Capital, which will be in partnership with linking 14 international, Arab, African and Asian banks with lenders from Latin America and Brazil.
The platform contributes to reducing fraud risks resulting from the current paper-based system in the field of trade finance, and reflects the commitment of the banking sector towards the process of comprehensive digital transformation.
HE Fahed Merehbi, founder and CEO of the Exor exchange, said that his company officially launched the “Exor” platform for trading digital assets that is highly efficient and easy to use, which makes it easy for investors to buy, sell and trade crypto currencies safely.
HE Merehbi said that “Exor”, which will be launched online on November 30, 2021, is one of the first digital asset exchanges to be launched in the region of Latin America and the Caribbean and will be connected between Middle East, Africa, North Africa, Asia and Europe.
It puts within the reach of informed and novice investors an automated user experience through its advanced trading tools and multiple options of crypto currencies.
He referred to strict security measures and token trading fees, stressing that the demand for trading and issuing digital assets is witnessing a steady growth in conjunction with the huge demand for valuing digital currencies such as “Bitcoin”
and the rapid development of “Block-chain” technology.
“Blockchain operates as an electronic transaction log and transaction processing system that allows all parties to trace information over a secure network that does not require third party verification.”
HE Merehbi expressed his belief that the regional market has reached a reasonable level of maturity, but in fact it lacks easy-to-use platforms that allow and facilitate the activities of buying and selling crypto currencies within a safe trading environment, noting that the “exor” platform is in a position to play an increasingly vital role, especially since digital currencies still shake up traditional financial systems.
The Exor platform allows registered users to start depositing and then trading about 10 crypto currencies directly through different currency pairs such as USDT, Bitcoin (BTC), Ethereum Tezos, Ripple (XRP) and others, declaring that there are no fees for registering with “exor”, while competitive fees are charged for deposits, withdrawals and trading of .0.2%.
He explained that the company aims, through the new platform, to provide an easy and secure way for actual investors to trade comfortably using cash directly.
With regard to the limits of dealing via the “exor” platform, Al-Marabi replied, that there is no minimum purchase limit, as it is possible to purchase less units of a single crypto currency “breaking the currency”, but there are maximum limits for withdrawal and deposit.
He stated that with regard to concerns about the increased targeting of crypto currency platforms and wallets to steal the balances of these currencies after the record hikes in their prices, the company is following new mechanisms to provide a safe trading environment and face the possibilities of penetration of the system through the new platform, as it maintains only 5% of its assets of currencies via the internet, while maintaining 95% as cold assets offline, which means that it is completely isolated even if the system is hacked.
As Baligh Sheikh said in turn He stressed that the platform will expand during the coming period, to include more banks, calling on all banks to join it, and work together to combat fraud and the risks of dual financing, in addition to many other challenges related to trade financing.
Emilio Hernandez revealed that there are a large number of other banks on the way to join the platform, which he said will transform in a short period into a complete national digital platform, characterized by ease and ease of joining at any time in the future. He stressed that the company aims to lead the digital transformation of trade in the world by enabling banks, institutions and government agencies to collectively benefit from future technologies, stressing that the platform will provide various technological solutions for business development in accordance with the requirements and needs of the future market.