Crypto.com Lists New Ethereum-Based Decentralized Exchange Token

Crypto.com Lists New Ethereum-Based Decentralized Exchange Token


Singapore-based crypto exchange giant Crypto.com is listing a low-cap Ethereum-based hybrid liquidity decentralized exchange token.

In a new announcement, Crypto.com is introducing IDEX (IDEX), formerly AuroraDAO, for trading on the company’s app.

IDEX is a multi-blockchain decentralized exchange offering a non-custodial solution for trading digital assets. The IDEX token is used to secure the network and incentivize platform adoption.

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According to the Crypto.com press release,

“IDEX is the first Hybrid Liquidity DEX that blends the best of centralized and decentralized exchanges, with the performance and features of a traditional order book and the security and liquidity of an automated market maker (AMM). 

Users benefit from not having to pay additional network costs for placing or canceling orders. Placements are also processed in real-time, enabling advanced trading. 

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