IronX, a cryptocurrency exchange joint venture between IronFX Group and EmurgoHK, announced on Friday it has launched the beta version of its crypto platform, which coincides with its IRX token sale. This news comes just a few months after IronX secured regulatory approval from the Estonian Financial Intelligence Unit (FIU). According to IronX, the new license allows it to operate as a fully regulated exchange for the buying and selling of cryptocurrencies.
As previously reported, IronFX is a forex and commodity brokerage based in Cypress. EmurgoHG is the creator of Cardano. In 2017, IronFX received an investment from Gemini Financial Services in the amount of $100 million, according to multiple reports. The board of Gemini includes H.H. Prince Mishaal bin Abdullah bin Turki bin Abdulaziz Al-Saud.
To help celebrate the beta launch, IronX announced a special Holiday Bonus. For a limited time only, they will add a 1% bonus to all new deposits under $49,999. Speaking about the token sale, CEO of IronX, Dimitris Hatzis, stated:
“This is a milestone sale – not just for us, but for the crypto trading industry. After we received a full regulatory licence from the Estonian Financial Intelligence Unit, we now stand apart from many of our competitors, and I hope contributors show confidence in our progress by contributing into the IRX token sale ahead of the Jan 15th deadline.”
IronX then revealed that while the public sale is ongoing, IRX will not appear on the crypto exchange until January 15th nor will it be available to pay any fees during the period. The platform went on to add that following the conclusion of the private token sale in early September, it will be delivering ahead of time and has already begun the distribution of the private sale IRX tokens to the early contributors.