StellarX, marketplace for trading assets on the blockchain Stellar, announced the launch of the decentralized exchange, which will offer users zero Commission and support Fiat money.
StellarX is launched—free trades, fiat onramp, all kinds of tokens! Still lots to do. But here’s a look at where we are and where we’re going.
— StellarX (@stellarxhq)
StellarX is the product of Interstellar company, which was formed earlier this month after the Lightyear Corp. acquired developer blockchain solutions for financial industry Chain.
New exchange offers the same features, such decentralized exchange on Ethereum blockchain as IDEX and EtherDelta, however, due to the unique mechanism of consensus incurs Commission expenses users.
However, the most notable feature StellarX include support for Fiat currencies. Currently the exchange supports transactions with a US Bank account through the Automated Clearing House network (ACH), and later also intends to add support for the Euro, Philippine peso, Nigerian Naira’s, Chinese yuan, Hong Kong dollar and the British pound.
Also, taking into consideration the difficult regulatory environment, StellarX allows the issuers of tokens to demand from traders passing KYC procedures before they gain access to assets.
In the future, the exchange plans to add support for accounts with multipurpose and tokens on other blockchains, in addition to Stellar, as well as a number of other functions.