ExMarkets is a cryptocurrency exchange that was established in September 2018, in Vilnius, Latvia. The platform offers ERC20/777 utility tokens that meet its listing prerequisites and policies. At the time of writing, its customers can trade up to 12 most popular cryptocurrency pairs. The platform can boast of high liquidity as it relies on a framework provided by Coinstruction, a back-end crypto liquidity layer employed for the effective work of ExMarkets. This aggregating service gathers data from several leading exchanges and runs order book clearance to present unbiased information and improve trading efficiency for the members of the community.
It took a year and a half for the team to develop the backend of the service and complete bug fixing before launching a stable platform with secure and convenient functionality. The platform was fully deployed after the developers confirmed its proper connectivity.
ExMarkets offers a variety of tools to facilitate the process of asset management to its users. When the exchange only started its activities, it established zero fees to attract new users with BAT/BTC being the first trading pair. Early adopters could enjoy free service until November 2018. At the time of writing, trading is available to users round-the-clock with low transaction fees (0.12%), guaranteed liquidity, performance monitoring, and support. The community includes over 160K active traders and continues to grow. The team behind the exchange focuses on improving the efficiency of the service trying to make it a fairground for all parties.
The platform is not just an exchange as it presents a whole plethora of tools introduced to make trading convenient for different categories of customers from cryptocurrency enthusiasts to professional institutional traders. The most popular trading pairs include BTC/ETH and BTC/USDT. Besides, the platform provides liquidity and order books for trading. At the same time, the website offers a backend framework, which aggregates data from different exchanges.
Users can hold their deposits in a cold wallet CoinAM, also developed by the in-house team and connected to the platform. The assets are safely kept in it until users decide to withdraw them. The liquidity is delivered by internal orders being supported by 8 major exchanges. These exchanges were aggregated and adjusted by the Liquidity Framework of the service, thus providing constant thickness to order books.
The platform also comes with customizable order books to make them tailor-made for different categories of customers depending on conditions, goals, and sizes of collateral allocated for market making.
ExMarkets IEO Launchpad
ExMarkets also presents a state-of-art launchpad where different projects can distribute their tokens via IEOs. The facility offers help in boosting promising blockchain projects since many investors are on the lookout for good investment opportunities. At the time of writing, over 60 IEOs have already performed on the platform. The list includes different companies including startups that seek to increase brand awareness and adoption, as well as established firms that want to raise their companies to a higher level.
Startups can issue tokens and deploy their contracts on the ExMarkets platform that supports their marketing campaigns. Established companies can benefit from cross-marketing support, fundraising, and access to an extensive pool of Private Equity and Venture Capital contacts. Even blue-chip enterprises can use the facility for efficient token listing and DeFi-inspired staking opportunities.
The cooperation with ExMarkets provides projects with access to unique financial opportunities as the team with a high level of expertise is ready to render assistance in pursuing their goals.
ExMarkets IEO launchpad offers a secure and smooth fundraising experience to companies, thus enabling a cost-effective solution that helps retain equity ownership. The official website states that this is the largest crowdfunding platform. Having gathered a solid community of investors, it belongs to one of the fastest-growing organizations of this kind.
The official website also lists success stories highlighting what can be achieved with the help of the ExMarkets offering. For instance, such projects as Makes and PayAccept have managed to raise 1,4M USD and 485K USD correspondingly during their IEOs on the platform. Another successful example is the CATX token that has raised 455K USD.
ExMarkets financial details
ExMarkets introduced staking pools after the platform had completed the final stage of tests in July 2020. Now ExMarkets offers a possibility to open staking pools and earn passive income in this way. Thanks to blockchain, all yields are transparent and there are no hidden fees embedded into infrastructure, which is a regular case on other platforms. The assets work for their owners as they move through 7-day staking epochs that don’t lock their funds. The rewards are comparatively generous and are paid out on Mondays.
The platform has established a minimum contribution threshold that varies from one pool to another while the maximum staking amount has no limit. The platform operates on a first-in-first-served basis. Since tokens are not locked as mentioned earlier, users can withdraw their funds when they wish even having put their coins at stake.
In addition, ExMarkets offer quite affordable prices for IEOs and token listings. There are three plans (Bronze, Solver, Gold) that cater to the needs of different projects depending on their requirements.
The exchange is powered by an in-house team that continues to bring new features and functionalities to the exchange, thus improving its efficiency and user experience. ExMarkets has been granted 2 operational licenses for crypto-fiat gateway and custodian service provision by the Estonian regulator, therefore, the facility is one of the few certified players in the market.
The founder of the exchange is Tadas Kasputis who graduated from Kaunas University of Technology, Lithuania, Previously, he founded Besk, a globally operating IT software development and consulting company, and Coinstruction, a cryptocurrency-based ecosystem that provides aggregated market data for better transparency of the ecosystem.
In an interview that Tadas Kasputis gave to Cointelegraph, he mentioned that he was kidnapped in 2015 in his hometown. The kidnappers wanted to know the passwords to his Bitcoin wallets but their plan didn’t work and, eventually, the criminals faced charges in Lithuanian court. Since then he has been using the services of personal bodyguards.