$26 Million Dollar ICO Launched by IronX Exchange

Laptop keyboard with cryptocurrencies

The Fintech Times, a technology-focused media outlet, reported recently that IronX, a cryptocurrency exchange, launched a $26 million dollar initial coin offering (ICO) for the public following.

IronX is a trading platform that was established by the digital trading firm, IronFX and EmurgoHK, also the developers of Cardano (ADA) that launched in October 2018 and is the 9th largest crypto by market cap.

According to Cointelegraph, the exchange will support Bitcoin (BTC), Ethereum (ETH), PumaPay (PMA), ADA, EOS, Litecoin (LTC), NEO, Stellar (XLM), Ripple (XRP) Tezos (XTZ), and its native token IRX. Cointelegraph also reported that IronX users are now able to trade in both fiat currencies: U.S. dollar, euro, and Japanese yen and cryptocurrencies.

However, before the trading, customers must first register and pass the KYC or Know Your Customer approval after which, they would automatically receive 10 IRX, as reported on Cointelegraph.

This must be a year for ICOs, as they have been making quite a fuss on the market this year. Even ICO Analytics website TokenData found that about $118 million was raised by ICOs in the first quarter of 2019.

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