How Exchanges like Freedx are aiming to make Crypto Trading simple?
The year 2024 couldn’t be more instrumental for crypto growth with benchmarks including increasing user base and new precedents. The approval of ETFs by the SEC, BTC reaching All-Time High at $108K, the regulators’ embracing crypto payments and the mega bounce back of Donald Trump by winning the 2024 US Elections. What was only a $1.6 trillion crypto market cap at the beginning of 2024, nearly tripled to reach $3.33 trillion by October end of the year (sourced from TradingView Data).
Owing to this, the major exchanges saw an unprecedented surge in the user base with Coinbase registering growth at 14.3% Y-o-Y basis and globally recognised platform, Binance, surpassing 250 million global registered users in 2024. And the enthusiasm shared by new investors after the Trump and Melania Token launch in the beginning of 2025, augurs well for the continued growth story expected for 2025 too.
Thus, as this year is poised to witness remarkable growth in the crypto user base with new investors leading the surge, newly established exchanges are sprawling up on the crypto landscape to drive the change.
Next Gen Crypto Exchanges offering New Solutions
Exchanges like EasyBit, Simple Swap, Stealth Ex, FreedeX are trying to get rid of the elite and experienced investors’ biases in the Crypto market. The complex technical concepts and rigid price prediction mechanisms deter new investors from entering the crypto space. This is rendering the sole foundational aims of democratisation and decentralisation by Blockchain tech irrelevant. Fear of being new and becoming a victim of volatility infused risks drive the new desperate crypto entrants away.
However, new Exchanges like FreedEx are promising to make crypto simple and transparent. Coming as the needed support, the 2024 established Dubai-headquartered exchange, FreedEx, received USD $50M in funding this week – to make the Crypto trading experience user-friendly and innovative.
“New Dawn for Crypto”
CEO of Freedx, Jonathan Farnell, calls the coming up of the Freedx Exchange as a “new dawn for crypto”. He highlights how the exchange is aiming to create a secure, regulated, innovative and compliant platform. It is using the expertise from its foundational team of experienced professionals in the crypto, finance and tech sectors. To mark its global footprint, it has already secured regulatory licences in Panama and a Bitcoin license in El Salvador.
How many people wanted to buy crypto but never did because it was too complicated?
Confusing signups
Millions have been left behind—not because they didn’t want crypto, but because it wasn’t built for them.
Crypto needs to be simple… pic.twitter.com/0EvD8N47IW
— Freedx (@FreedxExchange) January 31, 2025
User-Centric Features and 24/7 Support
In order to drive mass adoption by everyday users, FreedX aims to offer an around-the-clock support team to its users. They can live chat, phone, or email, for any of the issues faced by them or to seek clarity on any of the investment actions, say how to transfer funds to your wallet, among others. Apart from focusing on major cryptos like Bitcoin and Ethereum, FreedX also aims to make available the access to its users the untapped potential of over 7,300 cryptocurrencies. Since only 20 of them dominate 86% of the market, it regards the rest of the cryptos as a goldmine of untapped potential.
Set for its beta launch in Q1 2025, Freedx aims to offer proprietary security protocols, high-speed order matching engine, and advanced trading tools for simplified trading experience for its users.
You can look at the step-by-step guide to enter crypto trading here: https://freedx.com/blog/crypto-trading
Therefore, a newcomer into the crypto market can be relieved of stressful trading mechanisms and overcome its fear of naivety. Moreover, as new exchanges continue to develop and simplify the trading processes, they can ensure mass adoption of crypto soon.
The post How Exchanges like Freedx are aiming to make Crypto Trading simple? appeared first on CoinGape.
