JPEX ｜What Are The Functions And Discounts Of JPEX Exchange? Perfect Asset Holdings!
Despite the ongoing bear market, JPEX Exchange continues to expand its reach by constantly updating and improving its website features so that desktop and mobile users can enjoy the best technical resources.
To ensure the safety of client funds, JPEX has followed in the footsteps of other major cryptocurrency exchanges by providing evidence of key reserves in order to allay traders' fears that the platform won't fail FTX. On-chain data from JPEX's official website shows that the two wallet addresses held by the exchange have around 9,000 bitcoins (BTC) in reserve, which is equivalent to around $150 million at current market prices. Additionally, many assets are locked up in various cold bags (currently subject to third-party audits). Once the audit phase is complete, asset information will be disclosed in a future public announcement and a more detailed audit report.
Information about the JPEX exchange
The full name of the exchange is JP-EX CRYPTO BATE PLATFORM PTY LTD. Its operational headquarters are in Dubai, United Arab Emirates (UAE). JPEX is supervised by the Dubai Virtual Asset Regulatory Authority (VARA) and is fully compliant with regulatory regimes in all jurisdictions where it operates. Focusing on blockchain technology and cryptocurrency, JPEX manages over $2 billion in global assets and technology and positions itself as a capital-rich exchange.
JPEX's commercial operations cover Hong Kong, Malaysia and Australia. The company uses the cryptocurrency market as a starting point and spreads its resources across various industries. One notable example is that JPEX has spent over HK$40 million on advertising in Hong Kong, including a deal with a Hong Kong celebrity as a brand ambassador . Additionally, JPEX has launched an exclusive non-fungible token (NFT) “J-BALL” with Australian Football League (AFL) club Western Sydney Wanderers.
Information on relevant JPEX licenses
Since its inception, JPEX has continuously applied for relevant licenses related to the operation of virtual assets, including cryptocurrencies. The exchange is currently licensed by the respective regulators in Canada, Australia and the United States.
In Canada, JPEX holds the Canadian MSB Fintrac license which regulates forex trading and foreign exchange services.
In the United States of America (USA), JPEX holds a finance license issued by the Financial Crimes Enforcement Bureau (FinCEN MSB) (under the Department of the Treasury). Services performed under the license include foreign currency transactions and remittances using foreign currencies, international money transfers and virtual or digital currencies, issuance of initial foreign currency offerings (issue of cryptocurrency from central agency initial public offerings), provision of advance payments and issuance of travelers checks. .
In Australia , JPEX is licensed by the Australian Securities and Investments Commission (ASIC).
In addition to Asia and North America, JPEX has also entered the European cryptocurrency market.
JPEX has applied for a Lithuanian license to register a cryptocurrency exchange and wallet operator. As one of the few operating countries in the European Union and the European Economic Area, Lithuania is a member country of Virtual Asset Service Providers ( VASP ) and is recognized as a traditional financial jurisdiction in Europe for e-money payments and licensing .
In terms of the functionality of our website and iOS and Android mobile apps , JPX has launched features such as multi-signature cold wallet, insurance system, Visa signed financial card, and JP Planet Metaverse game to attract the interest of existing users and potential clients. . to enable customers.
Learn about the JPEX exchange lock process
In order to dispel all customer concerns, JPEX has implemented a blocking system for user funds. Due to the cryptocurrency market downturn and high volatility, as well as the complexities associated with using cryptocurrency wallets, if a JPEX customer loses funds for legitimate reasons, JPEX can recover each user up to a maximum of $ 75,000 Tether ( USDT). protection. money. . The quoted figure is held as insurance which covers 90% of possible loss of funds and complies with international financial requirements aimed at protecting the funds of traders worldwide. While $75,000 is available to all customers, those wishing to be part of the insurance package must go through the exchange's KYC (know your customer) verification process.
JPEX Exchange is a multi-signature cold wallet.
As hackers have managed to steal billions of dollars by breaking into cryptocurrency wallets, JPEX offers the highest level of security for cryptocurrency storage using multi-signature cold wallet technology. Typically, in cryptocurrencies, cold wallets are associated with a set of private keys or passwords and are not available online. As a result, hackers and cybercriminals cannot access the contents of a particular wallet. The same goes for cooler multisig wallets, but they come with multiple private keys to ensure security. This technology helps JPEX protect customers' assets as much as possible.
JPX Exchange claims to be the "best betting platform".
JPEX has been a major force in the cryptocurrency industry since its inception in 2020. Since then, JPEX has hosted numerous events in the decentralized finance and blockchain technology industry, sponsoring the Blockchain Festival in Singapore and "A Crypto EXPO" in Dubai. This post has transformed JPEX from a futures exchange into a more mature and established exchange.
Learn about the features of the JPX Exchange Visa financial payment card
In the first half of 2022, Nuveite JPEX and Simplex jointly launched the JPEXxSimplex Visa Transactional Financial Card to help growing cryptocurrency users convert between virtual and fiat currencies.
The map is currently available for free on the JPEX website, and the actual map will be released by the end of 2022.
Some users have already received physical cards by the end of 2022.
The JPEX Visa card was first made available to European customers, initially covering France, Germany, Italy and Lithuania.
JPX Exchange is dedicated to JP Planet Metaverse
JP Planet is the first Metaverse game from JPEX and is expected to be released in mid-February 2023. YAMI will be JPP Ecology's first NFT series with 888 characters. Each YAMI will be presented in a unique style, and its props and rarities will depend on the character's level.
In order to provide users with the perfect trading experience, JPEX has introduced a fully integrated trading engine including spot trading, contract trading and copy trading.
For the spot trading segment , JPEX rounded up the 100 largest global cryptocurrencies with the largest market capitalization, trading volume, and the lowest fee of 0.04% .
For the contract trading section , JPEX has selected 30 highly liquid currencies with a maximum leverage of 200x . At the same time, JPEX offers a minimum 50% discount on transaction fees and gold benefits from 30 USDT contracts .
In terms of trading platforms , JPEX thoroughly checks the qualifications of traders. Users can choose a suitable trader based on risk tolerance, capital amount, yield and other criteria for semi-automatic or semi-automatic copying, and pay 10% of the income as a copying fee.
In response to the financial needs of users with different risk tolerances, JPEX offered three (3) types of financial services, namely demand financing, DEFI financing and cash financing using 36 currencies in addition to stablecoins.
on the loan application
These include BTC, Ethereum (ETH), USDT, USDC and other major cryptocurrencies. It offers interest income ranging from 10% to 23% and users can choose to deposit for 1, 7, 15 and 30 days to get the appropriate compensation. JPEX's financial profits come from JPEX EARN's automated arbitrage technology.
Learn about DeFi finance
Decentralized finance has taken the world by storm with above-average interest rates. With JPEX, users can choose a good DeFi platform to offload liquidity and generate stable passive income while minimizing the risk of losses associated with personal and professional assets. Due to the uncertainty associated with the cryptocurrency market, JPEX has introduced insurance schemes to protect client funds.
About mobile banking
Mobile banking means users deposit cryptocurrencies into trading systems to provide liquidity. JPEX provides additional incentives to reward these liquidity providers (LPs).
JPEX officially launched the JPC platform coin in September 2022, with a limit of 10 trillion tokens, and reached an all-time high (ATH) of $0.01049 on February 2, 2023.
In addition to the many features, there are many benefits to owning a JPC, such as a significant reduction in transaction fees and access to early subscription offers for newly listed items. To remain competitive in a market where more than 20,000 cryptocurrencies are looking for buyers, the JPC continues to practice periodic token burns to reduce the number of coins available to holders. In doing so, the JPC will act as a token due to its scarcity.
JPEX launched LAUNCHPAD to bring back loyal exchange users. Users can register for the lottery with either JPC or USDT. In the USDT lottery, users who win trade a similar percentage of new coins, and if they don't win, they get the same percentage back.
For payments to users, the JPEX HYN Agreement sets the contest year period from 00:00 January 15, 2023 to 00:00 April 15, 2023 (GMT +8). USDT will be released in the amount of trade profit from local contract agreements. The top three (3) leaders out of a total of JPC 150 million will share the contract profits until the entire KYC verification phase is completed.
First place: 75 million JPC
Runner-up: JPC 45 million
Third place: 30 million JPC.
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Along with the introduction of cryptocurrency-related regulations in various countries, the cryptocurrency market is gradually being embraced by an increasing number of retail and institutional investors.
JPEX always catches the trends, improves its functions and services in terms of continuous development, develops new technologies to provide first-class trading services for global traders, and strives to be a leader in this field.
Download now
- iOS: https://apps.apple.com/hk/app/jpex-wallet/id1559708728
- Android: https://play.google.com/store/apps/details?id=com.spark.jpex&hl=ar&gl=US&pli=1.
look at jpg
- Website: https://www.jp-ex.io/en/zh-HK/home
- Instagram: https://www.instagram.com/jpex_official/?igshid=YmMyMTA2M2Y=
- YouTube: https://youtube.com/@jpex-cryptoplatform3904
- Facebook: https://m.facebook.com/profile.php?id=100081045860946&_rd
- Discord: https://discord.com/invite/WwnknX57PG
- Twitter: https://twitter.com/ExchangeJpex
Post JPEX What are the opportunities and discounts on the JPEX exchange? You have the perfect resources! It first appeared on Coindoo.