Crypto company TokenClub has launched a beta version of their aggregated exchange, which enables users to trade across multiple platforms using one account, the company announced on Twitter on June 29.
According to the company’s weekly update, the new platform is aiming to tackle distinct problems in the industry, such as convenience of trading, quality, costs, and risk. For now, the Aggregate Exchange allows access to Bittrex, Binance, and OKEx, and according to the team, offers lower commission fees in comparison to its rivals. The weekly update also says that the new exchange supports trading pairs of 16 mainstream cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH).
The company has also developed a crypto wallet, which supports a range of cryptocurrencies, such as Bitcoin, Ether, Bitcoin Cash, EOS and Litecoin, and is expecting to add more coins to the list in the future. According to the team, more features are currently being developed in hopes to make life easier for professional and new traders alike. Examples of such features includes margin trading, smart routing, blockchain, automisation, strategic hosting and auto-documentation.
The main reason behind the development of the Aggregate Exchange was the complexity of operating across multiple exchanges in order to access a broader range of trading pairs, the team says. For each exchange, the user must go through an application form, and choose a secure password, and then keep on top of each and every password. The team has tried to tackle this issue by offering a single interface, with uniform features.
TokenClub is not only aiming to create a new exchange, but to create a complete ecosystem in which a community can come together. The company already has a consulting service, which delivers daily market analysis, and trade insights. It also has a platform for live shows, which according to the company, has hosted more than 400 events, and attracted around 20 million visits. While its products are available on smartphones, tablets and PCs, estimates from the company suggest that its community has more than 500,000 active members.