World’s First Revenue Share Trading Platform Set To Go Live In August; KuCoin, Kraken, Robinhood & Binance Brace For Decrease In Users Ahead Of Revolutionary Launch
Trading in the world of cryptocurrencies is on the verge of a radical transformation. Pullix is a new exchange that has hit major milestones for its groundbreaking concept: revenue sharing. Platforms such as KuCoin, Kraken, Robinhood, as well as Binance demand a fee from their consumers. But, Pullix gives a percentage of its revenue to its users.
The hybrid trading platform will also allow users to trade forex, crypto, and stocks from one place, making it the ultimate Web 3 trading ecosystem. Many users are expected to switch from other leading exchanges to Pullix as it launches in August.
Robinhood Continues Crypto Expansion With Launch of New Gold Card
Robinhood is popular among the retail investors in crypto trading due to the simplicity of the app interface. The Robinhood app also incorporates a trading model in which they do not charge commission on trades.
Another disadvantage of the app is that there are very limited coins to choose from on the Robinhood crypto wallet. Currently, Gold Credit Card is among the payment methods that are accepted in the Robinhood wallet within the exchange.
It has no annual fee and for all other purchases you get 3% cash back with the Robinhood Gold Card. It is only available to gold members of the service.
Binance Continues To Dominate Centralized Exchanges
Binance exchange is one of the largest cryptocurrency exchanges globally with a daily trading volume of more than $76 billion. As the biggest CEX, Binance allows the users to trade a huge number of assets. This becomes very helpful to the traders in identifying several different assets that they are able to put their money into.
This has made Binance to have many users since it provides a high level of liquidity. It also has professional trading tools, and low charges. On the flip side, Binance has always been on the wrong side of the regulators.
The Binance exchange has faced several legal issues in several regions lately. Also, the Binance wallet allows users to hold the widest array of crypto assets. This limitation to only crypto gives newer exchanges the upper hand.
Pullix Set To Transform the Exchange Space and Claim Users for To CEXs
Pullix is the new exchange that introduces features that are not available on Binance, Robinhood, among others. Forex, crypto as well as commodities can be traded on without having to open multiple accounts. According to the top specialists, Pullix will become the new model for crypto exchanges.
Pullix is set to steal a lot of users from top CEXs due its revenue-sharing model. Pullix pays its users holding the PLX token a portion of its daily profits. This feature will surely pull in a lot of crypto traders to Pullix.io.
Pullix has raised over $8M and already has around 20k users.These figures speak to the level of demand for Pullix even before its platform launch in August. Its native token, PLX, has demonstrated this first hand, having surged by 900%. Now trading around $0.1, the August launch of the platform could cause the token to skyrocket and trade above $1.
The Future of Crypto Trading
The crypto trading industry is at a standstill but Pullix is bringing huge changes to the market. It will allow crypto users to trade forex, crypto, and stocks, something rivals lack.
Industry experts are confident that Pullix will steal a huge chunk of traders from KuCoin, Kraken, Robinhood, and Binance.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
More articles
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
