SA Crypto Startup ChainEX Partners with Leading Global Exchange, OKEx
- ChainEx, an indigenous South African Cryptocurrency exchange, has partnered with one of the world’s leading exchanges, OKEx.
- OKEx is a secure crypto exchange based in Malta that provides traders with advanced financial services, using blockchain technology.
- ChainEx’s CTO, Ryno Mathee acknowledged that the partnership will give Africans access to Top Tier Global Cryptocurrency Exchange, as well as bring new liquidity and volume to ChainEx.
ChainEx, an indigenous South African Cryptocurrency exchange, has partnered with one of the world’s leading exchanges, OKEx. The new partnership will allow more cash flow for crypto traders and a chance to access a global exchange.
Ryno Mathee, ChainEX’s Chief Technology Officer commented on the new partnership and what it meant for traders.
“This collaboration will give many South Africans and Africans access to a Top Tier, Global Cryptocurrency Exchange, as well as bring new liquidity and volume to ChainEX.”
OKEx is a secure crypto exchange based in Malta that provides traders with advanced financial services, using blockchain technology. It claims to achieve a regular trading volume up to $1.5billion with hundreds of trading pairs to help traders maximize their strategy.
The new alliance between the crypto exchanges is aimed at removing transaction barriers and increasing the transaction efficiency. With this new venture, ChainEX will have access to the market to build an international footprint.
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Ivan Chen, Business Manager of OKEx Africa provides insights on the benefits that the partnership holds for both parties and its users.
“OKEx respects partnership as the key steps to develop and provide local services to users. In the meanwhile, building a win-win cooperation with ChainEX will lead us to a better future.”
This new partnership comes after the disclosure that the Jefferey’s Bay-based startup introduced a quick buy and sell feature.
The new partnership signifies a breakthrough for the crypto startup in South Africa, which claims it is spearheading new features and innovations in the industry.
These include a maker fee of zero per cent, a knowledge base, ticket-based dedicated support, BTCV markets, and referral programs. Any trader can start from ZAR and then diversify through thousands of cryptocurrencies.
Ryno Mathee, Otto Lessing – who acts as the CEO, and Martin de Bruin formed the company in 2017.
Matthee is an entrepreneur with a background in software development, while Lessing was admitted as a lawyer in 2001, and was active in several projects before joining ChainEX.
De Bruin is a Finance Director at one of South Africa’s biggest dairy farms.
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