Cryptocurrency

S'pore Messaging App Consentium Launches Crypto Exchange - Already Has 100K Traders

Consentium announced Sunday 23 June (Sunday) the launch of its cryptocurrency exchange platform, Exonium, which operates on the Estonian Cryptocurrency Exchange License.

According to the Singapore-based firm, Exonium has over 100,000 active traders on its platform at launch.

Consentium plans to integrate the crypto wallet in its chat application with Exonium as it aims to be the first chat app in the world to do it, according to a spokesperson.

Earlier this month, Consentium announced its partnership with payment platform Blucon to launch a cryptocurrency debit card, and has plans to issue the debit card through Exonium.

Consentium is looking to leverage on Exonium to attract new users onto its ecosystem and to support multiple cryptocurrencies on its social trading platform.

The move would also allow non-Consentium token (CSM) holders to also utilise its upcoming debit card.

At the time of writing, Exonium has three token listed on the platform, namely Consentium (CSM), Bitcoin (BTC), and Ethereum (ETH).

Users who trade with CSM on Exonium will receive 50% discount on trading fees per transaction.

Exonium launched the full suite of services following a security upgrade to its Know-Your-Customer (KYC) process after its open beta version that launched in early 2018.

The platform features an intuitive new look and allows users to switch between the Basic and Advanced trader dashboards.

An integrated Zendesk customer support service on the platform lets users access FAQs and get help on the support page without leaving the site.

Jeremy Khoo, Chief Strategy Officer at Consentium, said, “We want to create a platform that is attractive to both new and experienced traders, while ensuring peace of mind.”

The firm is looking into ways to add value to its users with Exonium, such as introducing community polls to drive future coin listings on the exchange and crowdsourcing suggestions to improve the platform.

Consentium also wants to develop an interactive learning programme to guide newly onboarded traders and provide tips for trading for users.

It expressed hopes to be the “next-generation social media platform”.

Khoo, who is the Group CEO at iFashion Group and co-founder of retail blockchain MegaX, added, “Our goal is to leverage on the strengths of both the Consentium ecosystem and Exonium to create social interactions that can make trading more meaningful and engaging as a community.”

“We believe that the successful adoption of a decentralized technology like blockchain relies heavily on involving the user-base in its development.”

While the exchange is still new, its leadership is one of the early adopters of blockchain and cryptocurrency in Singapore.

However, the organisation still has much to do to convince the population to use their services as it’s not as known outside the crypto/blockchain community here.

If you’re interested to join the Exonium platform, you can do so here.

Featured Image Credit: Consentium

 

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