What is the Digital Financial Exchange?
Digital Financial Exchange known as DIFX, is a fully insured Cross-Asset trading platform that bridges the gap between traditional and crypto trading.
Launched in September 2021, DIFX has gained immense popularity over its span of operations, with multiple new feature launches and the acquisition of various crypto licenses. In fact, in the 2 weeks of its CMC listing, the exchange steadily climbed the ranks of the top spot exchanges and even received a grade A security rating, thereby solidifying users’ trust and adoption of the exchange.
Its unique ecosystem allows users to trade and invest across multiple asset classes that range from Forex, Indices, Metals, Crypto etc, all under one trading platform. DIFX has created its very own custom MT5 platform to allow traders to trade with several exotic instruments like BTC & Gold, ETH & Crude oil, BTC & Silver, and many more.
DIFX also boasts a fully-insured wallet owing to its partnership with premier digital asset custodians, Fireblocks, to ensure users’ funds are secure against hacks, bugs, and even internal fraud.
Journey So Far:
The DIFX exchange was created by a team of passionate venture capitalists and crypto traders who wanted a trading platform where all types of asset classes were able to be traded regardless of the trading pairs. An exchange that supported their diverse portfolios under one fully secured roof and helped bridge the gap between traditional and crypto trading. Thus in late 2019, they set out to create an ecosystem that was set out to create a new financial order.
As the development was completed, the exchange officially launched in September 2021. Through the course of a year in operations, DIFX subsequently went on to launch various new features and win awards from the traditional and crypto industries alike. Some of the key accolades have been winning the award for Most Trusted Cross-Asset Trading Platform 2022 and Best New Trading Platform 2021 from acclaimed finance summits. Some key features include,
Fully Insured Platform
With DIFX, users have access to a fully-insured wallet owing to its partnership with premier digital asset custodians, Fireblocks. Fireblocks unique MPC wallet technology allows DIFX to ensure users’ funds are secure against hacks, bugs, and even internal fraud.
Additionally, the partnership has successfully resulted in DIFX growing its assets under management from $5 Million to $550 Million in the span of a year of operations.
The DIFX Token
The exchange also has a native cryptocurrency named DIFX that acts as a utility token. It was launched alongside the exchange in September 2021, with a total supply of 550,000,000. It is based on both the Ethereum/Binance Smart Chain making it ERC-20/BEP-20 compliant along with being decentralized. The token’s utility mainly includes a 50% reduction on trading fees incurred within the exchange.
Another feature that sets DIFX apart is its one-of-a-kind blockchain-based inheritance scheme called the Nomination Program.
With this program, users’ hard-earned digital assets can now be passed on to their relatives and loved ones or virtually anyone they want to nominate in completely anonymous amounts.
The latest feature DIFX released, is its buy crypto feature which enables users to buy crypto with their debit or credit card. Users can now buy Bitcoin, Ethereum, Litecoin and USDT with just a tap.
Digital Financial Exchange (DIFX) is a centralized cross-asset crypto exchange that allows users to trade between multiple asset classes that include indices, forex, crypto, metals, and commodities, just to name a few. The DIFX fully-insured crypto wallet comes from a partnership with Fireblocks, one of the leading crypto custodians in the world.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Michigan Journal USA journalist was involved in the writing and production of this article.