Press release: Crypto Next Signs Up Ten Digital Currency Exchanges In One Month

Ten New Platforms Powered By Crypto Next Go Live In Beta Today Thanks To First Automated White Label Exchange Generator

Isle of Man - 20 November 2014 - Crypto Next plc today announced the first ten digital currency exchanges powered by the only automated white label digital currency exchange platform.  Since launching its white label exchange services at the Inside Bitcoins Conference on the 19th October, Crypto Next plc aimed to sign up ten active exchanges by the end of 2014.  Having reached this milestone nearly six weeks ahead of time, it is now aiming for a new target of 20 exchanges to be live by the end of the year.

“The beauty of our platform is that it is quick, simple, cheap, and open to almost anyone, provided they pass KYC of course,” says CEO and Co-Founder Sharon Greenberg.  “We have signed up exchanges from all over the world - from local communities that are looking for a specific language, to groups wishing to revive pre-Euro currencies via digital coins.  Anyone with an idea for an exchange can now set one up in a matter of hours, to their own specifications.”

Crypto Next’s platform offers a variety of languages from which exchange operators can select when setting up their platform.  This has resulted in exchanges being created for communities in Russia (Birjamonet.com), Greece (Bitcoinsgreece.com), Spain (Coincloudex.com), Austria (Eschilling.org), Africa (Coinrafic.com) and the Czech & Slovak Republics (Koruna.in), with more languages and countries being added.  

Crypto Next is registered in the Isle of Man, a jurisdiction that is openly friendly towards digital currency companies, and this provides a regulatory framework for exchanges to use the platform for their own communities.  Crypto Next’s platform offers additional features such as ATM integration and payment systems for its white label clients’ use;  Coincloudex.com is currently integrating a Lamassu ATM in Spain, expected to be operational in December of this year.

In addition to providing multiple languages, multiple currencies, banking facilities and a regulatory framework, the Crypto Next platform adds security through vertical decentralisation; the exchanges in the network share an order book, thus rather than competing with each other, they mutually benefit from joint liquidity.  “Our platform provides a certain safety in numbers to end users in the network - if for whatever reason one exchange should fall over, the funds in the network remain unaffected”, says Crypto Next CTO and Co-Founder Asaf Azulay.  Moreover, Isle of Man regulations state that funds in the exchange are controlled by the Corporate Service Provider, such that fiat currencies in the network are secured by an independent third party.  

All the exchanges in the network share Crypto Next’s unique tokenised fee system, whereby transaction fees can be paid for with the Crypto Next Coin (CXC), potentially saving savvy digital currency traders a great deal in fees.  CXC is traded on all the exchanges in the network in addition to the currencies selected by the exchange operator, a factor that Crypto Next believes will make its coin highly desirable in its own right.

(Note: The creation of a white label exchange is subject to rigorous KYC procedures.  The system is automated so an exchange can be set up in one hour, once KYC requirements have been met.)

List of Exchanges Launched

All exchanges are currently in Beta

Edollar.international - The International Dollar is here to help Bitcoin and e-currencies, with installations of over 5000 ATM machines.

Eschilling.org - Bringing back the old good Schilling as the national cryptocurrency for Austria.

Koruna.in - Reuniting Czechoslovakia via digital currency.

Coincloudex.com - CoinCloud EX is helping bring the crypto currency world into the real world of financial remittance in Spain, France and Latin America.

Bitcoinsgreece.com - Bitcoin and Litecoin trading platform aimed at the Greek market.
Birjamonet.com - Multiple cryptocurrency exchange tailored for the Russian market.
Bitopia.io - bitopia.io offers a state of the art cryptocurrency and fiat exchange, with low-fees, advanced wallet functionality and money remittance capabilities.
Coinrafic.com - Remittance services in Africa via bitcoin and mobile wallet payments
(note: some exchanges requested not to be named)

About Crypto Next

Incorporated in the Isle of Man in June 2014 by IT professionals Sharon Greenberg and Asaf Azulay, Crypto Next is a digital currency startup that aims to bring digital currency to grassroots level with its range of products and services.

PR Contact

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