AltcoinTrader, one South Africa’s leading cryptocurrency exchanges, has just added another cryptocurrency to its already impressive basket of coins, which currently stands at thirteen coins including the latest addition of Cardano (ADA).
Currently the only exchange on the continent with a proven track record and a purely South African exchange, proving that Africa can create world class exchanges as a result. Traditionally we have exchanges that dominate the market that are global exchanges, that means that they are not wholly owned by Africans, even though they dominate African markets. AltcoinTrader however, is purely South African born, has been around from 2015 as with other global exchanges in the market, and boasts an impressive basket of coins.
Richard de Sousa, Partner at AltcoinTrader says, “It is imperative for Africans to own our products in this space, to allow us to really grow. Competing with international exchanges also proves that we do have the neccessary capabalities to run our own exchanges to meet international standards.”
Many exchanges in Africa and some global exchange brands only have 2-3 coins on their portfolio. AltcoinTrader has thirteen currently and has plans to increase the number of coins as they exchange progresses. This also highlights that security aspect of exhange is extremely high as offering more coins comes with higher need for security.
De Sousa says, “One of our top priorities is safety, all our coins are securely stored in coldstorage meaning no staff, manger or single person has access to them. These coins can only be accessed through our secure, multisigniture wallets”.
As market leaders in cryptocurrency space in South Africa, AltcoinTrader has also proven that the exchange has been around just as long as international exchange players in the market, making it one of oldest exchanges in the country.
“We are continually looking for ways to improve ourselves and create a distinguished niche to allow our people to also have opportunities to buy other cryptocurrencies as well. There are currently over 1000 cryptocurrencies on the market, and unfortunately global exchanges that offer a wider range of cryptocurrencies are crypto-to-crypto exchanges. As a result there is only a certain percent of people in this market that know how to buy crypto-to-crypto and need to know these international exchanges and how they work. This can be intimidating for new comers in this market if they dont understand it, so by using our local currency to buy a few other cryptocurrencies it already gives opportunity for more of the newcommers to add more cryptocurrencies to their portfolio’s without big hassle.” concludes De Sousa.
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