Crypto.com is one of the most established centralized cryptocurrency exchanges. However, several limitations have been attributed to this exchange due to its centralization. Pullix (PLX) has launched a new hybrid exchange with solutions to these problems.
The exchange also leverages an Ethereum scaling solution to offer higher transaction speeds. Let’s explore the strategies that have propelled Pullix to the forefront in the world of cryptocurrency trading.
Solve problems with centralized exchanges
Although centralized exchanges (CEXs) have contributed to the growth of the cryptocurrency industry, they are not without limitations. Exchanges like Crypto.com offer limited access to tradable assets, charge high transaction fees, and are relatively slower.
However, the most notable challenge lies in users’ lack of control over their digital assets. Although they offer access to some of the best cryptos, users are limited in the options they have. Additionally, registration often comes with strict KYC procedures. These challenges were identified and solved by Crypto.com’s new challenger, Pullix.
Pullix (PLX): the next big thing in cryptocurrency trading
Pullix has introduced a new hybrid exchange aimed at bridging the gap between decentralized and centralized exchanges. The exchange is designed to give users the best of both worlds. Pullix solved the problem of limitations by integrating other markets into its platform.
In doing so, Pullix has provided users with access to thousands of top altcoins and assets across the commodity, ETF, and Forex markets. To address security challenges, users will have the ability to store their own private keys and guard their own assets.
Another area where Pullix has outperformed CEXs is in providing user privacy. The exchange has eliminated the need for strict KYC. A user’s email address is enough to register on Pullix. This will allow users to trade anonymously on the exchange.
More Advanced Features Introduced By Pullix
In addition to regular features, Pullix will integrate features that are lacking on exchanges like Crypto.com (CRO) and Coinbase. Pullix has outlined plans to implement automated solutions, including AI trading tools. The aim is to help users further enhance their trading strategies and potential profits.
Another feature that has caught the attention of the crypto community is Trade-to-Earn. This new concept is designed to instantly reward users for trading on the platform and completing trading challenges. This is achieved using the PLX token, a utility that the CRO token lacks.
Another exciting feature is the provision of liquidity. Users of the platform can earn fixed interest rates algorithmically determined (between 8-18%) by providing liquidity to the exchange platform. This has made the utility token PLX one of the best cryptos for investors.
Closing Thoughts
The exciting features displayed by Pullix is the reason it has been hyped as the next big crypto exchange. In addition, the wide range of PLX’s utility gives it the potential to become one of the top altcoins in the market.
At the moment, the token is traded at $0.042. However, analysts have projected a potential rise of up to 40x for when the exchange is launched in January. This means you still have an opportunity to join the next big thing in crypto.
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Disclaimer: This article is promotional content and does not constitute investment advice. Do your own research and only invest money you can afford to lose.