Throughout the evolution of cryptocurrency, partnership with roleplayers in the industry has proven an integral tool to furthering the adoption of crypto throughout the world. Hence, this partnership with ChainEX is but another step to strengthen our ties with the national crypto community at large.
ChainEX is a centralized cryptocurrency exchange firmly rooted on South African shores. There are currently 20 coins and 38 trading pairs on the exchange, and while relatively small, the ChainEX volume in the last 24 hours is reported to be at ₿2.26, with the most active trading pair on ChainEX exchange BTC/ZAR. ChainEX’s Twitter community is also rapidly expanding as the exchange grows in popularity.
Established in 2018, ChainEX is a South African exchange, and much like SAFCOIN, has a grassroots approach; moving step-by-step in constructing the local landscape around cryptocurrency. While we value the exercise of breaking into the international sphere to realise our aspirations for liquidity and decentralization to situate ourselves as a force to be reckoned with, SAFCOIN also recognises how vitally important it is to cultivate relationships with our partners here on home turf.
One such feat is our upcoming listing on ChainEX. A first for SAFCOIN as we list on our first ever South African exchange, the listing on the ChainEX platform will facilitate the trading of $SAF in South African Rand (ZAR), and also FIAT deposits and withdrawals.
SAFCOIN, together with ChainEX, will work hand-in-hand to secure and expand to attain much desired liquidity and volume for SAF. With both projects having started out as meagre digital pipedreams, they have seen exponential growth since their inception in 2018. This partnership is a concerted effort to support and grow the local crypto economy, encouraging crypto adoption on the home front and ultimately maximizing our reach.
If ever there was an opportunity to support local, this is it. With both platforms unique in their own African identity, we will look to situate a distinctive South African brand in the ever-evolving crypto landscape.