Investors continue to pour capital heavily into the cryptocurrency space. Despite the influx of new investments, those new to cryptocurrency trading still face major barriers to entry: from thousands of tokens and exchanges to confusing and expensive interfaces. With the crypto market functioning 24/7, it is also crucial for investors to understand and be aware of what is happening on the markets at all times. For these reasons, manually tracking a portfolio can be time-consuming and complex.
Decentralized finance (DeFi) trading platforms arose to make life easier for traders by allowing users to manage their portfolios and track multiple exchanges from one terminal. The result is that using a central hub can simplify the trading process and help investors quickly act on trends as they arise. Some platforms may further remove these barriers by providing users with professional advice to inform their trading decisions.
Aurox is striving to become an all-in-one cryptocurrency trading platform, similar to Bloomberg Terminal. Founders Giorgi Khazaradze, Ziga Naglic and Taras Andreyevich, three long-time business partners, came together for the purpose of solving the information and data fragmentations that are currently appearing in the cryptoverse.
The team behind Aurox shares, “we believe crypto trading is still in its infancy,” that’s why our focus is on “aggressively investing” in the platform’s functionality and utility. Aurox is a platform built by crypto traders for crypto traders.”
To date, Aurox Nation has more than 50,000 registered users, providing access to more than 46,000 trading pairs and data on nearly 60 decentralized and centralized exchanges. In addition to the massive amount of data and information Aurox Terminal provides, the platform makes trading easier for the average user through several key functionalities, some of which require users to hold the Aurox Token to get access:
Content curated to help accelerate the trading and investing learning curve.
Proprietary built-in indicators with simple long and short triggers.
Indicator scanners and screeners to help investors find the best entries.
CEX and DEX order routing for both desktop and mobile.
Customizable workspaces and in-app tabs.
Alerts on 100+ different built-in indicators.
Although the team is excited with what they have built so far with their community, their focus has shifted to what’s next: Aurox Token, Aurox Trade and Aurox Lend.
Taking the best of decentralization and centralization
While some decentralized exchanges have come close to becoming a safe trading environment for cryptocurrency enthusiasts, they still have a long way to come before they can address user needs the way a centralized exchange can. As a result, decentralized exchanges still face concerns around increasing fees, lack of support for margin trading and low liquidity. In contrast, centralized exchanges have billions of dollars worth of liquidity that can be tapped into.
Among the most revolutionary functions of decentralizing finance is the lending protocol, which allows users to quickly borrow money with just a few clicks. Unfortunately, similar to DeFi trading, lending also faces several barriers. As a result, the URUS token on the Aurox platform will aim to combine both centralization and decentralization to provide this same liquidity on markets.
To be clear, Aurox is not a cryptocurrency exchange. It is a match-making terminal that allows users to log into a single platform to place orders across multiple exchanges. This provides crypto traders with a single, easy-to-use terminal that provides both access to markets and liquidity.
Among the most well-known exchanges that Aurox supports are Binance, BitMEX, Kraken and Coinbase. Users can take advantage of a customized trading desk and TradingView chart with access to hundreds of indicators on these platforms.
The future of lending
The team behind Aurox adds that “they are not stopping.” Aurox Lend, their upcoming decentralized lending platform, aims to provide margin to traders who choose to use leverage when executing orders. Lenders will also receive protection due to the on-chain nature of the platform, which will, in turn, provide traders with some of the most competitive interest rates anywhere.
Over the next year, the platform shares its excitement in “growing the user base, launching Aurox Lend/Trade, developing their own DEX aggregator engine and providing courses and one-on-one mentoring for our users, and establishing partnerships.”
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