Crypto coin

Buy IDEX (IDEX)

$0.08597 AUD

 -1.92% ()

loading

What is IDEX (IDEX)?

IDEX is a decentralized exchange that incorporates components of centralized exchanges to speed up the network while preserving the environment's decentralized nature. Both Binance Smart Chain and Ethereum are used to host the platform. The automated market maker concept is used by the majority of initiatives of a similar nature to execute trades on a DEX, while IDEX takes a different tack.

To start and complete cryptocurrency exchanges, IDEX uses order books. Since customers must complete know your customer verification and give their email address, it is questionable whether IDEX can be categorized as a decentralized exchange or a non-custodial exchange. Features like the stop-loss mechanism, which is frequently found on centralized exchanges, are available on IDEX on BSC. As of late, IDEX is also accessible on Polkadot as a component of the IDEX Multichain project.

Cryptocurrencies supported by Ethereum, Polkadot, and Binance Smart Chain can be exchanged by users. The project's major objective is to make it possible to perform and process thousands of transactions in a matter of seconds. The utility token for the exchange is called IDEX, and nodes can stake it to ratify transactions on the off-chain ledger.

The History of IDEX

In 2017, IDEX was initially conceived and created under the name Aurora. Alex Wearn and Philip Wearn, who is also the co-founder of EtherEx, co-founded the project. In order to build and create the first real-time non-custodial exchange that combines a centralized system for matching orders and decentralization, Aurora changed its name to IDEX in 2019.

The CEO of IDEX, Alex Wearn, has a diverse history in software development, having held senior positions at companies including Amazon, IBM, and Adobe. The project's goal is to give users access to banking and financial tools and services for real-time crypto exchanges on a variety of platforms, including Ethereum, Binance Smart Chain, Polkadot, and others that will be included in the future.

The Use Case of IDEX

IDEX provides minimal latency and guaranteed trade execution, and the software is a special fusion of the system's centralized and decentralized components. IDEX is the first decentralized exchange of its kind and offers consumers full custody of their assets thanks to its innovative method to sourcing exchange services. IDEX is a special and valuable project in the DeFi sector and the larger market since it offers advanced order types, staking with an automatic incentive system, and an intuitive user interface.

communityWebsiteidex.io
websiteCommunityTwitter

IDEX Price Statistics

coingecko
IDEX Price
$0.08597
24H Low/24H High
$0.08223/$0.088161
7D Low/7D High
$0.05501597/$0.06392868
Trading Volume
$8,754,653.00
Market Cap Rank
#706
Market Cap
$69,993,370.00
Volume/Market Cap
$0.125078
All-Time High
$1.27 -93.26%
08 Sep 2021 (over 2 years)
All-Time Low
$0.00984358 772.11%
23 Mar 2020 (about 4 years)
Trade 300+ Supported Coins

How to buy Bitcoin and build your crypto portfolio

Trade over 300+ Supported Coins with AUD

Block earner
How to buy
  • 1.

    Sign Up

    Open your account

  • 2.

    Get Verified

    Verify your identity

  • 3.

    Move Your Money

    Get started in minutes

Get Started
Arrow

Newsroom

Stay updated

Supported Coins

Trade 300+ Cryptocurrencies

Get in touch

Contact us