Singapore-based cryptocurrency exchange giant Crypto.com lists low-cap Ethereum-based hybrid liquidity decentralized exchange tokens.
New announcement, Crypto.com has introduced IDEX (IDEX) (formerly AuroraDAO) to trade on its app.
IDEX is a multi-blockchain decentralized exchange that provides a non-storage solution for trading digital assets. IDEX tokens are used to protect the network and facilitate platform adoption.
According to a Crypto.com press release
“IDEX is the first hybrid liquidity DEX that combines the best centralized and decentralized exchanges with the performance and capabilities of traditional order books, as well as the security and liquidity of an automated market maker (AMM).
The advantage is that users do not have to pay additional network costs for ordering or canceling. Placements are also processed in real time, allowing for advanced trading.
IDEX is an Ethereum token that enhances IDEX decentralized exchange. IDEX holders can bet tokens to protect the protocol and earn rewards. “
While many new coin lists tend to provoke rallies, IDEX’s pricing behavior is largely unresponsive to the news.
IDEX Is currently trading at $ 0.20 and has fallen 3.73% in the last 24 hours.
The hybrid decentralized exchange is the second new token that Crypto.com went public this year, following its addition last week. Oasis network (Rose).
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Featured images: Shutterstock / EVorona / Natalia Siiatovskaia
