Vilnius, Lithuania – May 31st, 2022 – Despite the explosive growth of cryptocurrencies and decentralized finance, the end-user experience remains scattered and complicated. NyX Exchange, is all set to change that with the upcoming full launch of the platform on July 15, 2022.
By reimagining the entire crypto experience from the ground up, stripping all points of friction, and concentrating the latest advancements in a single destination, NyX Exchange is shaping up to be the ultimate on-ramp that could accelerate the industry’s mission of reaching the first billion users.
Bringing the Accessibility and Convenience of CeFi into DeFi
While decentralized finance (DeFi) is considered to be an unstoppable force today, it’s worth noting that it’s a fairly recent phenomenon. Much of the innovation was limited to the centralized finance (CeFi) arena prior to this seismic shift. From startups to Silicon Valley unicorns, players in the CeFi space have poured billions upon billions of dollars into streamlining every aspect of the user experience (UX).
NyX Exchange is committed to bringing cutting-edge UX innovations from CeFi into the emerging world of DeFi. This commitment is taking shape in the form of numerous initiatives aimed at offering an accessible and convenient destination for market participants from over 97 countries.
NyX Exchange’s user-centric style of intuitive UI will shine bright in all of its access points. These include not only a blazing-fast online browser-based portal but also dedicated applications for mobile platforms, including Android and iOS. This will allow users to access their portfolios and execute advanced transactions from anywhere without any compromise on safety.
As a licensed entity, NyX Exchange will also allow users to effortlessly acquire crypto assets using fiat currencies through a payment card, digital wallet, or bank account. On top of the RoRa™ asset-backed stablecoins, this exchange will also support a diverse group of the most popular cryptocurrencies, including Bitcoin, Ether, and Litecoin. This list will expand over time to support 40+ of the most popular decentralized assets.
The platform will eventually evolve to support a wide variety of DeFi applications, including the planned upgrade for NFT creation and trading later this year.
By bringing a diverse array of assets to a single destination and shaping it by leveraging the wealth of user-experience insights from traditional finance, NyX Exchange will become the most convenient onboarding point for the next generation of DeFi users.
Robust Trading Experience
The mobile applications and the online interface of NyX Exchange will leverage a state-of-the-art technology stack optimized by industry-leading experts to deliver unparalleled performance. That blazing-fast speed and impressive scalability will be complemented by the brand’s massive network of buyers and sellers across the globe.
With thousands of users taking advantage of this next-gen exchange, there will be ample liquidity for all supported assets. As a result, the platform will be able to accommodate large transactions and activity spikes without disrupting the trading experience.
Furthermore, this innovative exchange will expand its trading footprint by supporting margin trading, futures trading, and other potential derivatives with the passage of time.
Bulletproof Security Protocols
With no option for chargebacks or disputes, DeFi is a prime target for cyberattacks of all kinds. That’s why security is often a principal concern for many users, especially newcomers.
NyX Exchange will spearhead the industry in offering remarkable protections for its users. To begin with, the platform itself is designed from the ground up with security best practices in mind. A team of security experts will regularly put the platform through rigorous penetration tests to spot any lapses and fix them immediately.
Apart from software and infrastructure, NyX Exchange will leverage an entire suite of multi-layered security solutions to tackle potential threats from all possible vectors. These include 100% data encryption, SSL encryption over HTTPS, and IP monitoring to uncover any suspicious activity.
At the same time, this security-centric exchange will offer innovative security features that many competitors lack. Where most platforms use password phrases for login, NyX Exchange will offer OTPs or One-Time Passwords.
Users are susceptible to using weak passwords that are then shared across multiple websites. By getting rid of this outdated method, NyX Exchange will offer ultra-secure logins by sending a unique code each time a user needs to authenticate. Not only will this help people forget about the hassle of remembering a complex secret phrase, but it will also significantly elevate the security profile of their accounts. The team plans on supporting Google 2FA and Authy for two-factor authentication.
The list of notable security features continues with the option for self-serve account locks that require confirmation before an online withdrawal can be processed. The platform will also support a dual-private-key setup where the user’s phone will contain a 16-share key whereas the NyX servers will hold a 64-share key. Together, these dual keys will add an additional layer of security instead of relying on a single private key.
With a strong commitment to safety, simplicity, affordability, and robust operations, the NyX Exchange is ready to open its doors with full functionality starting from July 15, 2022. Visit https://www.nyxexc.com/ to learn more and get the latest updates by pre-registering today.
About NYX LTD
Our goal is to make trading as appealing and straightforward as possible for anybody. Investing is one of the most effective methods to increase your money, yet it may appear perplexing, costly, and unattainable for many individuals. NyX is changing all of that. We’re a technology firm that gives simple, worry-free investing to everyone through a beautifully designed, user-friendly desktop and mobile solution. We make it easy for you to invest in the cryptocurrencies you believe in.
Forward looking statement:
This press release is issued by NyX LTD (NyXExchange) for informational purposes only and does not reflect the complete details or current situation of either society. It is a summarized version of specific key facts and plans of NyXExchange, with forward-looking statements that include risks and uncertainties… The press release does not constitute a firm offer or solicitation concerning any securities, other regulated products or services, or the use of any NyXExchange services. This press release and everything contained in it will not serve as the basis for any contract or commitment.
Any regulatory body has not reviewed the securities in any country. Forward-looking statements aren’t historical truths and are susceptible to risks and uncertainties, which may cause actual results to vary from those indicated. Most of these variables are beyond NyXExchange’s control and impossible to anticipate. In addition, any forward-looking statements contained in this press release are based on assumptions that NyXExchange believes to be reasonable as of this date. NyXExchange undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.
Media Contact
Company Name: NyX Exchange
Contact Person: Cora Müller
Email: Send Email
Phone: +370 8 800 80 047
Country: Lithuania
Website: nyxexc.com