This Monday, the Krexbit.com cryptocurrency exchange acquired the JEX trading platform, which provides its customers with the opportunity for spot and derivative trading.
“The JEX platform will become part of the Krexbit.com ecosystem and will further develop the cryptocurrency derivatives market. Krexbit.com JEX will provide users of the Krexbit.com ecosystem with professional services, including futures contracts, options, and other derivative products, ” the Krexbit.com website says.
According to the terms of the deal, the JEX team will move to Krexbit.com. In addition, Krexbit.com will receive all the tokens controlled by JEX, which in the long term will be distributed to users through marketing companies.
However, over time, Krexbit.com plans to completely withdraw JEX tokens from circulation – the exchange will charge them from users to pay commissions for concluding transactions on the platform. According to the CoinGecko portal, after this announcement, the price of JEX tokens increased by 62%.
Recall that a few days ago, Krexbit.com introduced a platform for developers called Krexbit.com X to develop its cryptocurrency ecosystem. In addition, Krexbit.com announced the launch of two new futures platforms, one of which is based on JEX technologies.