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Crypto Exchange Apifiny to Launch New Platform in Fourth Quarter
Apifiny said it will give eligible traders perks such as no-fee trading for life on Apifiny HEX order-book trades.
Apifiny, a crypto exchange that plans to go public later this year, is introducing a new “hybrid” digital asset exchange in the fourth quarter.
STORY CONTINUES BELOW
- The crypto exchange said the platform, Apifiny HEX, has launched a VIP early access program that will give eligible traders no-fee trading for life on order-book trades.
- To be eligible, investors must have an approved Apifiny HEX account and meet a minimum trading volume condition through Sept. 30. Investors must also be compliant with the firm’s anti-money laundering policies and procedures.
- Apifiny, which is based in the Greater NYC Area and considers itself an “exchange of exchanges,” said the early access program will give investors the opportunity to experience the service before the official public release later this year.
- Traders can join the program by entering their details through the new platform by Sept. 30. The rules can be found here.
- Apifiny said the HEX platform is designed with “zero taker fees” and predictable automated market makers (AMM) liquidity that can be accessed through a single order book.
- In February, Apifiny announced its intention to go public by the end of 2021.
- More recently the firm hired Erez Simha as chief financial officer and president to lead it through the public listing.
- “As we accelerate toward our public offering, Apifiny HEX is an important milestone toward capturing a huge global, digital asset trading market opportunity,” CEO Haohan Xu said.
Read more: Crypto Exchange Apifiny Hires New President, Inches Towards Public Listing
UPDATE (AUG. 20, 14:56 UTC): Gives more specific location for company headquarters.
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
