Europe-Focused Crypto Exchange Vows to Offer Favorable Terms for Users

A crypto exchange says it is focused on offering the best experience possible in the European market.

Cryptocurrency exchange EXMO now offers trading pairs that combine popular cryptocurrencies with the British pound and the euro — a refreshing change from many rival platforms that focus on dollars.

Users are given the freedom to make deposits and withdrawals, using familiar methods, including Visa and Mastercard, as well as SEPA and SWIFT transfers. British traders can also benefit from Faster Payments, and as the name suggests, this allows transactions to be completed much quicker than conventional methods.

Although the company acknowledges that liquidity is an important factor for traders who are shopping around — as this dictates how easily assets can be bought and sold — its executives stress that “low trading fees and stellar customer service” matter, too.

EXMO has been in operation for more than six years, and one of the exchange’s top priorities has been obtaining licenses to provide cryptocurrency services — giving its business credibility in the eyes of consumers.

Back in January, EXMO became licensed to provide a digital currency wallet service, as well as providing services of exchanging a cryptocurrency against a fiat currency. The company described this as a major milestone, as this certification applies around the world. EXMO is also registered in the United Kingdom where the firm has filed for registration with the Financial Conduct Authority. Over in the U.S., work has also begun to receive recognition as a Money Service Business in 10 states.

In keeping with the Fifth Directive Against Money Laundering, or 5AMLD, verification measures are in place for new users — certifying their identity, address and card details. The company has created a detailed guide to this process, complete with frequently asked questions.

A bustling exchange

According to the EXMO website, its exchange has 18,787 traders online, more than 170 trading pairs, eight fiat currencies (including USD, EUR, and GBP) at the time of writing.

The desktop platform has a clean, minimalist design that is fully adaptable to the user’s preferences — and night mode is also available. EXMO apps are also available through Google Play and Apple’s App Store, ensuring that Android and iOS users can stay up to speed with the latest market trends with data that’s updated every second in real-time.

When it comes to commission, EXMO claims to offer some of the lowest fees among prominent crypto exchanges in Europe. A zero trading commission is in place for all GBP trading pairs all summer — and 0% fees are also in place for transactions that involve Tether (USDT). 

EXMO has also recently been focusing on enhancing its trading platform’s analytical capabilities so users can track the effectiveness of their strategies with greater ease. A seven-day profit and loss indicator is now provided through all accounts. As the company explained: “Analyzing and assessing your profits and losses means you can choose working strategies, as well as adjust them if necessary.” More new features are going to be rolled out in the near future.

In another major milestone, the Ethereum-based EXMO Coin (EXM) was recently listed on Changelly, meaning that it can now be exchanged for more than 150 other digital assets with ease.

Giving back

At the start of June, EXMO announced that it was partnering with Rotary International to launch a fundraising drive for orphans. Donations are going to be used to purchase disinfectants, as well as personal protective equipment for young people.

“The COVID-19 pandemic has shown how important social awareness and mutual aid are today. A joint initiative with the international charity foundation Rotary International is one of those steps designed to unite us and help those who desperately need support,” EXMO CEO Sergey Zhdanov said.