When you want to trade crypto, which exchange will you choose? I think this question is almost obvious: those who have more liquidity. But what if you find a new one with new features? Will you look at it? I found UDAX exchange (s) recently and I have something to say about it. So let’s take a short view on it.
Overview
Simple view — the same as on many other exchanges will not surprise you. There are a lot of similar looking exchanges could be found nowadays. But that’s not so bad because you will not face troubles when trying to find how to do smth on it. Like everywhere it’s all easy: Registration-Verification-Deposit-Trade.By the way, trading here might be disappointing as you can find really low amount of listed tokens/coins. I think it will change in time. Now we can trade: BTC, ETH, TRX, XRP, USDT and several uknown outside of Asia tokens.Trading volume is about $100k+ a day. Really low volumes. But they are progressing and overall market situation don’t allow to attract many new users to crypto and UDAX.
Features
UDAX exchange is not a revolutionary exchange, you will not find there any fantastic features or enormous volumes on trading pairs. But there is something that could make it be in the line of top exchanges.First — is an opportunity to join auto-trading program. It’s like a deposit to exchange’s autotrade bot with predicted annual return of 35%-55% . I didn’t try it so I can’t neither recommend it nor not. It’s risky enough, but if you have free money you may try it )Another one feature pushed me to write this article. It’s a unique franchise system which allows to buy franchise and open your own exchange in your region. More of that, it will have the same liquidity pool as other UDAX exchanges. We can now see opened UDAXes in Hong-Kong, Korea, Indonesia, Malaysia. All of them have their own trading volumes, design and accounts but they have the same liquidity pool! It maybe not important now, but later with higher volumes and more users and trading pairs that could be winning feature comparing to other exchanges! Also all UDAX exchanges list the same tokens and making the same marketing. That means that every listed token will have promotion in all UDAX countries.
Listing and Franchising
To be listed on UDAX or not is a very own decision of every project. I wouldn’t disclose listing fee, but if you want to know just PM me in Telegram. Also I can provide information about Franchising proramme. And of course I can connect you to the right person from UDAX team to discuss all the questions.
Conclusion
Yep, that’s low volume with low amount of listed tokens exchange and you probably didn’t hear about it. But they have high potential in the future if UDAX team will do thir job well. Simple design, mobile app, own token with buy back programme, referral bonuses and their main features of franchise can possibly bring it the top. Let’s see how will it look like in the future.Thanks for your time, good luck!