Cryptocurrency exchanges are sites where one can buy, sell or exchange cryptocurrencies for other digital currency or traditional fiat currencies like Euro, Pound Sterling or US Dollar. A cryptocurrency exchange can be a market maker that typically takes the bid-ask spreads as a transaction commission for is service or, as a matching platform, simply charges fees.
Cryptocurrency exchanges can be segregated by
Modus Operandi
Degree of Decentralization
Modus Operandi
It exists in many types and shapes. There are 3 main forms. The Cryptocurrency Brokers, The Direct Trading Platforms, and of course, The Trading Platforms.
Cryptocurrency Brokers – These platforms are where brokers set their cryptocurrency prices with buyers purchasing at their prices. Cryptocurrency brokers are similar to foreign exchange dealers. Examples include Rucoin etc
Direct Trading – These websites offer direct person to person trading where individuals can exchange any digital currency or cryptocurrency. These sites do not usually have a pegged or fixed market price with each seller and buyer trading at their own pre-agreed exchange rate. Examples abound like LocalCoinSwap, Coinplace etc
Trading Platforms –This makes up the bulk of crypto exchanges. These are websites that connect buyers and sellers to make a transaction and take a commission or transaction fee. These are the commonest group of exchanges and include both decentralized and centralized exchanges. Examples include, of course, Emirex, Binance, Kucoin, Bitforex, Coinbase etc
Degree of Control
Centralization of a crypto exchange suggests a central control of exchange management and resources. There are Centralized and Decentralized Crypto exchanges, and most, recently Hybrid exchanges.Centralized Exchanges
In Centralized exchanges, also known as CEX, every transaction is being controlled by the owners of the exchange. Transactions can be made only through mechanisms provided and approved by the central body. These exchanges depend on the entity or broker who controls the flow of assets traded. Users of centralized exchanges deposit funds directly on the exchange, and then the exchange becomes responsible for the execution of buy and sell orders in real time. On centralized exchanges, users do not have access to their private keys. Mainstream stock exchanges are similar to centralized exchanges. Examples, of course is Emirex exchange, Binance, Kucoin, Bittrex etcDecentralized Exchanges
A decentralized exchange (DEX) is a cryptocurrency exchange which operates in a decentralized way, i.e., without a central control. Decentralized exchanges allow peer-to-peer trading of cryptocurrencies, and prices are determined by peers. Because users do not need to transfer their assets to the exchange, decentralized exchanges reduce the risk of theft from hacking of exchanges. Decentralized exchanges can also prevent price manipulation or faked trading volume through wash trading, and are more anonymous than exchanges which implement know your customer requirements. Examples abound. Like Etherdelta, Forkdelta, Idex, TokenJar, BinanceDex etcHybrid Exchanges
A decentralized exchange is bereft of a central control and seller and buyer can directly contact themselves and trade cryptocoins.DEX works on smart contracts that automatically connects sellers and buyers using the buy order, seller order details placed on exchange. Centralized Exchange is one which allows for seller and buyer to trade cryptocurrency with the help of middlemen authority.It also allows the user to trade with or without middlemen authority. You can decide when your exchange have to be CEX and when have to be DEX.
CEX + DEX = HEX.
The hybrid cryptocurrency exchange website script has the options for customizing this and you can also make your exchange both decentralized and centralized at the same time.
Where does Emirex come into all this?
Emirex Exchange is gearing up to be that exchange which would greatly enhances the trading activities in the Middle East, Northern Africana and Turkey markets. Also a belief that it would significantly improve the region’s sustainable development and positively impact the communities that we work with.
Key partnerships established with investment funds, family offices in
the Middle East and professional services advisors.
Having analysed the competitive landscape in the digital assets industry, Emirex has the belief that most digital assets exchanges and trading platforms are operating without clear regulatory approvals. This creates unnecessary risk
for investors and issuers that we are not willing to accept.
From the word go, the Emirex platform have focused on two basic ideas:
Building the most advanced technology stack to support the
infrastructural market needs.Securing regulatory approvals required to operate the platform,
and expand the services.
Emirex holds EU licenses for a virtual currency wallet service and the
services of exchanging virtual currency into a fiat currency. We are in
continued communication with regulators across the Middle East, North
Africa and Turkey (MENAT) Region to ensure that we will be granted similar
licenses in these jurisdictions as soon as regulations make it possible.
Obtaining a financial intermediary license is part of the roadmap.
July 2014 to March 2018
Key partnerships established with investment funds, family offices in
the Middle East and professional services advisors.
Apr 2018
Digital assets exchange platform launched with the digital assets platform licensed and regulated in EU as services of exchanging virtual currency into fiat currency and virtual currency wallet service.
Dec 2018
Launched a blockchain powered corporate bond project with a continued process of technology and platform improvement to allow for blockchain powered corporate bonds to be issued for small businesses.
Apr 2019
Launched a tokenization platform for rare earth commodities which would improve the Emirex platform and underlying technology to allow for tokenization of commodities for various digital asset owners.
Jul 2019
Rebranded the group of companies into Emirex Group and closed a private sale of our platform native token EMRX.
Sep 2019
Emirex professional trading platform exchange platform launch. Go-to-market focus area: growth of user base markets via incentives and reward programs, targeting a total population of about 450,000,000 people in the MENAT region.
Nov 2019
IEO support for approved projects that have been properly and thoroughly screened. The platform open for further IEO listings from Asian and African
markets.
Dec 2019
Android and iOS app launches for mobile versions to trade and transfer digital assets.Also Asian market expansions and annexation by acquiring Intermediary licenses from Financial houses in Hong Kong and/or Singapore.
Jan 2020
Listing of the EMRX token on top digital assets exchanges across the world.
Q3 2020
Emirex Wealth Management Services launched.
Q4 2020
Emirex Syndicate launch.
Q4 2020
Launch of decentralised trading of digital assets.
Emirex is a burgeoning cryptocurrency exchange with a huge multifaceted income stream. This gives Emirex Group a unique advantage with multiple revenue streams including:
Business advisory fees
Fee for advising issuers and asset owners on tokenization of their assets. Fees for advising family offices and HNWI on their investment strategies in the tokenized assets.
Listing Fees
Emirex will invite prospective projects to list their digital assets
on the exchange, collecting fees for the integration services.
Transaction fees
Transaction fees will be accrued from all sides in a transaction.
Margin Fees
A fee or interest on the borrowed amount may apply for margin trading clients.
Commision Fees
Commission on the provision of services delivered through the Emirex network via partners and community contributors.
Custody fees
Custody fees crypto asset storage.
The Emirex Group is a vision co-founded by Grigory Rybalchenko and Irina Heaver, with headquarters in Dubai, the United Arab Emirates.
There is a great team of dedicated and experienced professionals who have a unique combination of skills in emerging
technologies, law and regulatory compliance, cybersecurity and cryptography, investment banking, capital markets, software development
and the implementation of large-scale digitization projects for multinationals and governments around the globe.
A breakdown of the core group is as follows.
Grigory Rybalchenko
This visionary has advanced degrees in mathematics and economics, holds an MBA from the Open University Business School, and took courses in disruptive strategies at Harvard University.
He leads the development of the group’s strategy. With nearly two decades of experience gained in information technology and management consultancy, he has advised multinationals on strategy, digitization and implementation of emerging technology, operational performance and efficiency.Grigory Rybalchenko designed and built blockchain infrastructure allowing real world asset tokenization. Grigory was an early adopter of cryptocurrencies and passionate about promoting adoption of blockchain technology and crypto amongst non-technical users through simple and easy interfaces. Most importantly, he has a vision and passion for the Middle East. Also advised several governmental and private companies in the Middle East, Central Asia and Eastern Europe on their blockchain implementation efforts, leading educational seminars on blockchain ecosystem, technology, and its disruption potential for current businesses.
He is Founder of several successful technology startups whose clients are Coca-cola, PepsiCo, Mars and others.
Irina Heaver
Irina is the co-founder visionary and a multilingual, qualified lawyer with a
Master of Laws and Juris Doctor Degrees, with a certificate in Blockchain, and passionate about designing token economic models and logic for smart contracts.
Irina communicates, executes, and sustains group’s strategic initiatives.
With over 16 years of experience gained in-house (in senior leadership roles) and private practice (as a partner in a law firm) she worked across the Middle East, Africa, Asia Pacific, CIS countries, Europe and North America. Irina advised on over USD500 billion worth of projects and transactions in the oil and gas, mining, construction, maritime and technology sectors.
Irina has structured numerous asset tokenization transactions worldwide, as well as consulted multiple governments and governmental organizations on regulatory policies surrounding such emerging technology as blockchain and Artificial Intelligence.
She is on a mission to bring traditional legacy businesses into the 21st century by leveraging the Emerging Technology - AI, Blockchain & Crypto.Currently tokenising 20 trillion per year commodity sector, her vision at Emirex Group.
Rizmy Shariff
Shariff is into Investments and Advisory business in Dubai with various corporates and banks. He is a Consultant - Derivatives, being Head of Derivatives Trading at Arqaam Capital.
Monika Elzbieta
A Blockchain Management Consultant,
Partner, Founder CGS Group and a multilingual (English, German and Polish), Elzbieta is an entrepreneur, business executive, blockchain technology enthusiast.Currently the Founder and Chief Operating Officer at CGS Group.
As a young entrepreneur since the age of 19, she has started her personal management consulting firm facilitating Business to Business connections throughout the European region.
Currently, working and advising on several very interesting crypto & blockchain related projects, including Emirex, and promoting strategic planning and business development and B2B connections throughout the MENA region and beyond. She is a Business Development Manager at El Seif Engineering and an angel investor.
Jason King
Jason King is a international diplomat, internet entrepreneur, business executive, cryptocurrency enthusiast, & asset manager. Also Blockchain Management Consultant and Partner, CEO CGS Group.
He is currently the Ambassador of Liberland to the UAE, Managing Partner at CGS Group, Partner at Deca4, Head of MENA at Aelf.
A serial cryptocurrency & blockchain technology investor since 2010. Currently, he is working on and advising several crypto & blockchain related projects, to create innovation and value across a broad spectrum of sectors.
Jorge Sebastiao
Strategic Cyber Security
Advisory
Sebastiao is an action and results oriented person with a passion to deliver results in a collaborative approach.
He is also an International ICT speaker. Seasoned managed services, cloud computing, cyber security, blockchain, big data, AI, IoT and ICT innovation professional focused on business value; brings experience, creativity, structure, motivation, & agility. Over 30 years of ICT experience, covering, innovation, architecture as well as risk management, compliance, auditing, certification, business continuity, & disaster recovery. Served sectors include Telecom, Oil & Gas, Financial , Government, Defense, HealthCare, & Education. Created the process A6 of security: Assess, Architect, Apply, Administer, Awareness & Agility. He architects practical & business focused solutions using standards & industry best practices.
He has been a speaker at numerous international conferences with topics including: ICS Security, ICT Security, Business Continuity, ICT Architecture (TOGAF), Wireless Security, Regulatory Compliance, Physical Security, Biometrics and Smart Cards, Ethical Hacking, ISO27001, ISO27002 (ISMS), ISO2000 (ITIL), ISO13335 (Risk Management), ISO22301 (BCMS), CobIT, Basel II, EMV-2, PCI-compliance, SOX, Info warfare, Fraud, Identity Theft, SAP-Security, CISSP, Forensics & Incident Response.
Specialties include but not restricted to Cyber Security, Cloud Services, blockchain, big data, IoT, Managed Services, Business Continuity, BCP, Disaster Recovery, DRP, Virtualization, CMS, Workflow, Storage Management, Infrastructure, Information Security, IT Architecture, TOGAF, Satellite, Wireless, VoIP, Managed Services, Physical Security, Homeland Security, CCTV, Training, Security Awareness, Ethical Hacking, Security Monitoring, Forensics, Data Recovery.
Dr Ahmed Al Zubeidi
Managing Partner Middle East &
Strategic Group Advisor
An entrepreneurial business leader with over 24 years as a Chief Executive with comprehensive track record of growing a business and of optimising performance in difficult market conditions. In recent times he had diversified his interests in Investment, Digital Transformation, Blockchain, Business Development and Business Creation.
During 1990 to 2000 he was pioneered to establish several businesses in Saudi Arabia. During early 2000, I observed the severe problems of industrial counterfeiting and experienced firsthand the impact that counterfeiters had on the corporation as well as observing the affect it had on countries in general. In January 2004 Hemaya Universal was formed.
In 2008, he was amongst conference solely dedicated on international product counterfeiting the effect on the people of nations, governments and industries, where 22 countries were represented and over 80 international corporations who understood the effects counterfeiting was having on their businesses.
In 2010, having Hemaya corporation firmly establish, Dr. Alzubeidi diversified his interests in manufacturing (Brands protection,electronics manufacturing and metals coatings), real estate, construction and property development.
In late 2010, he entered the international finance and investment crisis management and lead by example one of today's well known investment groups in MENA Region (Bester Capital Investment Group) to date.
In 2017, he founded the new concept which will change the industries of App Development, Blockchain, Media and social media as we know it today.
Emirex Resources
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Whitepaper https://emirex.com/whitepaper
Giveaway Program https://emirex.com/referral
Referral https://emirex.com/referral?refid=ID8B4839AA00
About the Author
Joseph Johns is a successful Emergency Medicine Physician and an ardent cryptocurrency and Blockchain connoisseur
Altcoinstalk Username jaephoenix
Altcoinstalk Profile: https://www.altcoinstalks.com/index.php?action=profile;area=summary;u=11461
Eth Address: 0x8dC02f9a3255C0cE32536E698447F2E3915AE948
Emirex ID UID : ID8B4839AA00