The open-source platform that enables users to earn coins for renting their computers as servers, Substratum (SUB), has announced the launch of a cryptocurrency exchange. Known as Amplify Exchange, it is a hybrid which means that it is a decentralized and distributed exchange. When it launches, Amplify Exchange will be providing crypto-fiat gateways for over 100 cryptocurrency exchanges.
In the statement, Substratum pointed out that the exchange would be user-friendly, allowing all crypto-asset traders of varying levels of expertise to buy and sell cryptocurrencies. Notably, the statement further said that Amplify Exchange would support the purchases and sales of digital assets from bank and credit accounts. In addition to these services, Amplify Exchange would empower customers to use various cryptocurrencies to pay for goods and services directly from merchants.
A Wide Spectrum of Services
Amplify Exchange allows interested persons to enjoy the services it has in store for them. Indeed, traders looking for an exchange that enables fast cryptocurrency purchases are welcome to join. Besides the fast purchase support, Amplify Exchange is also promising a rich range of innovative services. These services include tools for technical analysis, portfolio management tools, investment reports, tax reporting and trading, account alerts, and many others.
Furthermore, these services will be available to everyone in every nook and cranny of the world. Chiefly, this is possible due to SubstratumNode and the Amplify Bridgechain. With the features, users can enjoy reduced transaction fees, altcoin trading pairs, and no time delays.
Basic Workings of Amplify Exchange
With SubstratumNode and CryptoPay already launched, Amplify Exchange will make it the third product from Substratum. Furthermore, Substratum nodes will be verifying all the transactions on the exchange. This will, in turn, allow users who run SubstratumNode to earn AMPX tokens as well as SUB tokens. According to Substratum, when a user purchases a virtual currency, it would appear in his CryptoPay account in a flash. When this happens, they can now use the cryptocoins to pay for goods and services, as well as donate to charity.
Official Remark
The Founder and CEO of Substratum, Justin Tabb, made the announcement. Tabb noted that building such an exchange has always been his dream right from the day that they launched Substratum. He pointed out that, through Amplify Exchange, they would give everyone a chance to explore the cryptocurrency space.
Speaking further, Tabb asserted that the exchange was the first of its kind. He added that SubstratumNode hosts and CryptoPay users can also benefit from the exchange.
Risk Disclosure
This article should not be taken as, and is not intended to provide, investment advice. Users are ultimately responsible for the investment decisions he/she/it makes based on this information. It is your responsibility to review, analyze and verify any content/information before relying on them. Trading is a highly risky activity. Do consult your financial adviser before making any decision. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.
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