It’s no secret that cryptocurrencies are quickly on their way to becoming mainstream in Pakistan. A recent poll showed that almost 20% of the country’s citizens had already invested in bitcoin, and 10% were planning to do so in the near future [1].
There are several reasons why cryptocurrencies are so popular, including low-cost cross-border transactions and a high level of anonymity (which protects investors from government agencies). However, despite the crypto boom taking place, one major roadblock has prevented Pakistani crypto traders from fully participating in it—the lack of local crypto exchanges.
What is the new platform?
Bitxoxo is Pakistan’s first ever crypto trading platform and it has been created with the intention of giving Pakistani crypto traders a platform of their own. With cryptocurrency adoption on the rise in Pakistan, Bitxoxo was established to help grow the community and educate people about cryptocurrencies.
How does it work?
Aelf is an innovative new platform that’s built to make cryptocurrency trading easy and accessible. It’s powered by the blockchain, which means that it operates autonomously as well as transparently, giving Pakistani traders a platform they can trust.
What sets Aelf apart from other crypto trading platforms is its ability to scale- meaning that it will allow for tens of thousands of transactions per second.
What are the benefits?
Crypto traders in Pakistan have been looking for an easy way to buy and sell coins without the hassles of going through the cumbersome process of transferring funds via wire transfer or PayPal. The new platform is called CoinPk, and it’s already making waves because of its accessibility and easy-to-navigate interface. It’s not just popular with Pakistani traders either–the site has attracted over 2,000 users from all around the world.
Who can use it?
Pakistani crypto traders are finally getting their own platform. The platform, called Cryptonize.pk, is currently in beta and will be available for public use in September 2018.