Within Weeks of Launch ForDeX Climbs to Top 5 Relayers Globally
ForDeX, the world’s first stablecoin-focused exchange is now consistently a Top-5 relayer by 24-hour volumes. ForDeX has been built using the 0x Protocol, a protocol which enables decentralized exchange of currencies and tokens on the Ethereum blockchain and latest volumes can be tracked on the 0xTracker website.
“We officially launched ForDeX in Feb 2019 and the response has been great. In just a few weeks, especially the last few, we’ve seen trading volumes grow to compete with those of other relayers who’ve been around for months. Most of our demand has come from retail traders who value privacy and interesting pairs.”, said Ramani Ramachandran, CEO of ZPX, the teambuilding ForDeX.
“What we’ve achieved so far is quite unprecedented. We’ve been able to garner traction at little to no ad spend, minimal PR and no official partnerships with market makers - the entirety of liquidity has been organic despite the bearish market. Our next step is to get market makers on the platform and we’ve already developed and tested a unique tool which enables even small-medium sized market makers to easily trade on our platform.”, according to Aditya Mishra, COO of ZPX.
ZPX is a Singapore-based venture-backed firm operating in the blockchain space with offices in Singapore, India and the US. ZPX is led by a team with significant experience across financial services and technology. ZPX investors include the founder of Google AdSense, two tech unicorn founders and Seedplus, the leading Singaporean early stage VC. ZPX has built multiple blockchain products including 108Token and Satoshi&Co and organized events such as De/Centralize.
Operations at ZPX