Before delving into the crypto ecosystem, its nature, and how it has evolved over the last few decades, it is paramount to shed some light on what this ecosystem actually is. Cryptocurrencies are digital assets that use an encryption technique known as cryptography to enhance security when users are trading.

Crypto assets such as Litecoin, Bitcoin, Ethereum, and over 16,000 others, can be obtained either by mining or purchased through an exchange platform.

While mining seems like the easier option, it has massive barriers to entry. Moreover, mining rigs are expensive and complex to run. As such, most traders and investors take the second option; using fiat-crypto asset exchange and brokerage platforms to ramp on their crypto portfolio.

Crypto exchange platforms, such as IXFI, are the primary means for investors to trade fiat like USD or GBP for digital coins like BTC and ETH.

Understanding the Crypto Ecosystem

In the past, Bitcoin and other digital coins were considered an alternative payment method or simply as means of exchange. This narrative has changed. Cryptoassets are now appreciated as investment opportunities or “stores of value.”

Cryptocurrencies have gone beyond simple digital currencies. As a result of this growth, cryptocurrencies now offer solutions to the complex needs of modern financial markets. Among the frequently asked questions is the importance the ever-evolving cryptocurrency ecosystem is bringing to the future of digital finance. Well, there are numerous benefits, but to mention a few, cryptocurrencies:

• Are borderless, hence reducing fee and processing duration due to lack of cross-border restrictions
• Offer a secure buffer to your investment through blockchain technology, thus preventing fraud by third parties
• Have lower transaction fees due to fewer third parties
• Are censorship-free, thus preventing governments and other financial institution intermediaries from blocking financial activities at an impulse
• Allow great accessibility by eliminating traditional barriers to capital markets
• Provide financial freedom whereby investors have total control over their money

The New Crypto Economy

The new crypto ecosystem goes beyond the replacement of cash. We are living in a new era of evolving token-based economy rife with unique solutions to security, social engagement, finance, identification, and ownership.

For example, cryptocurrency platforms allow:

• Digital cash can be used as a mode of payment for eCommerce
• Programmable money whereby it is now much easier to convert currencies
• Privacy whereby private digital transactions can take place anonymously
• Stable coins in terms of the crypto version of fiat
• Digital ownership whereby it is now easy to handle, store, and monetize data digitally
• Alternative to bank support, resulting from digital assets such as tokenized securities, commodities, and collectibles
• Decentralized utilities, which include crypto-enabled networks, services, and products that exchange between assets

IXFI’s Role in this Ecosystem

IXFI is a new-age crypto trading exchange platform. IXFI is made by investors for investors and designed by experts to meet the needs and demands of all investors, both experienced and those at the beginning of their journeys. IXFI has been at the forefront of implementing changes towards a decentralized future and a better crypto ecosystem. The steps IXFI has taken to contribute to the crypto ecosystem include:

All-in-one Alternative Bank Solution

One of IXFI’s goals is to help people go “bankless” or “become their own banks”. As people search for the most convenient, secure, and fast means of making financial transactions, such as payment of goods and services, withdrawals, loans, deposits, convert, and swapping of currencies, IXFI comes in as a savior.

IXFI allows its users to have complete control over their money without the involvement of a “middleman” or third party. All these services are provided on one platform, which is user-friendly and has a live support team.

The Mobile Way

IXFI is about to unveil its mobile APP suitable for Android and iOS. It is expected that the App will bring in the fullness of IXFI to mobile devices where investors and traders can access and utilize all the information about the crypto ecosystem on the go.

Speed, Security, and Transparency

One of the most common misconceptions about cryptocurrency trading is that it is mostly a scam because it is impossible to trace your money. Nothing is further from the truth. IXFI, your trusted exchange partner, offers a safe harbor for cryptoasset exchange. With IXFI, you can rest easy knowing you get capital security, transparency, and speedy transactions.

IXFI recognizes the need to be reliable and trustworthy in the complex state of the current world. For that reason, we are part of the change in building a productive crypto ecosystem that will bring greater value to our society.

If you’re ready to be part of this wonderful ecosystem as well, start today by registering for IXFI. Your Friendly Crypto Exchange is here to support you in all your endeavors.

Disclaimer: The content of this article is not investment advice and does not constitute an offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial and fiscal circumstances.

Although the material contained in this article was prepared based on information from public and private sources that IXFI believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and IXFI expressly disclaims any liability for the accuracy and completeness of the information contained in this article.

Investment involves risk; any ideas or strategies discussed herein should therefore not be undertaken by any individual without prior consultation with a financial professional for the purpose of assessing whether the ideas or strategies that are discussed are suitable to you based on your own personal financial and fiscal objectives, needs and risk tolerance. IXFI expressly disclaims any liability or loss incurred by any person who acts on the information, ideas or strategies discussed herein.