South African Crypto Startup Announces Strategic Partnership with Global Cryptocurrency Exchange

In brief: 

  • ChainEx partners with OKEx, introduces quick buy and sell features.
  • The new deal will provide liquidity and increase transaction efficiency for traders on ChainEx
  • OKEx also partners with P2P bitcoin marketplace, PaxFul, with an eye on the African market. 

South African based cryptocurrency exchange, ChainEx, has partnered with OKEx, the second largest cryptocurrency exchange by volume in the world. 

The strategic partnership is targeted at enabling ChainEX to provide more liquidity and transaction speed to its customers, amongst other benefits.

“This collaboration will give many South Africans and Africans access to a top tier Global Cryptocurrency Exchange, as well as bring new liquidity and volume to ChainEX.” — Ryno Mathee, CTO of ChainEX. 

As  a result of the new partnership, the local cryptocurrency exchange recently launched a quick buy and sell feature on its platform, in a bid to increase seamless trades. 

ChainEX, which was founded in 2018, currently provides over 20 digital assets for South Africans to trade.

According to reports, the private company raised a total of $1.3 million in investment funds, from 2017 to 2018.

Ivan Chen, OKEx Business Manager for Africa,  comments on the mutual benefit the new deal brings to both companies.

“OKEx respects partnership as the key step to develop and provide local services to users. In the mean time, building a win-win cooperation with ChainEX will lead us to a better future.”

OKEx is a Malta headquartered crypto company which has kickstarted operations since 2017.  Statistics from CoinMarketCap, show the global cryptocurrency exchange ranks as one of the largest cryptocurrency exchanges by trade volume.

OKEx has also partnered with PaxFul, with an eye on the African market.

As part of its efforts to penetrate and expand its operations in the African marketplace, OKEx has also partnered with popular P2P bitcoin marketplace, PaxFul, in order to offer a variety of payment options for new and existing OKEx users. 

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