{"id":94686,"date":"2018-10-16T19:00:20","date_gmt":"2018-10-16T19:00:20","guid":{"rendered":"http:\/\/www.bnreport.com\/cryptocurrency-platform-moonx-hope-to-woo-indian-traders\/"},"modified":"2018-10-16T19:00:20","modified_gmt":"2018-10-16T19:00:20","slug":"cryptocurrency-platform-moonx-hope-to-woo-indian-traders","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/cryptocurrency-platform-moonx-hope-to-woo-indian-traders\/","title":{"rendered":"Cryptocurrency platform MoonX hope to woo Indian traders"},"content":{"rendered":"

Kochi: The Switzerland-based technology startup MoonX<\/a> is hoping to attract investors and traders from India as it plans to launch decentralised non-profit trading platform for crypto currencies by the end of November. <\/p>\n

\u201cMoonX allows members to collectively participate and contribute and in turn rewarded with Moon Money, equivalent to shares and voting rights within the company. One can be a part of MoonX family by just trading on the platform once,\u201d said Nithin Palavalli, founding chief executive of the venture. <\/p>\n

MoonX will have development centres in Bengaluru, London and Beijing. It is also planning to start office in Kerala, which has lot of NRIs working in West Asia who the startup reckons will be interested in becoming members. <\/p>\n

Palavalli said the exchange will charge one of the lowest brokerages and offers nanosecond response time of 10 million transactions a second, which is better than most other exchanges in operation. \u201cWe have invested a lot in technology to make it fully secure and fastest exchange,\u201d he said. <\/p>\n

Started by a group of investment banking<\/a> experts, MoonX has raised $29 million funding for its operations. It aims to take the blockchain<\/a> technology to the next level with its application in agriculture, financial technology, education, food safety and healthcare. <\/p>\n

"MoonX is targeting 5 million customers across the world in one year," said Tony Lee, founding chief controller. After starting with crypto currencies, MoonX has plans to expand to trading of treasury bills, foreign exchange and commodities. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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ET Markets<\/a><\/h5>\n

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