Local cryptocurrency startup partners with SA exchange 

Mossel Bay-based South African crypto startup SAFCOIN has announced a partnership with South African exchange ChainEX. This partnership means that SAFCOIN will be listed on ChainEx. 

SAFCOIN lists on ChainEX

In an official press statement, SAFCOIN explains the importance of the partnership with ChainEX. 

“Throughout the evolution of cryptocurrency, partnership with roleplayers in the industry has proven an integral tool to furthering the adoption of crypto throughout the world. Hence, this partnership with ChainEX is but another step to strengthen our ties with the national crypto community at large.”

The listing is a first for SAFCOIN to be placed on a South African exchange and the partnership will help the startup facilitate the trading of SAFCOIN in Rands and also FIAT deposits and withdrawals. 

“This partnership is a concerted effort to support and grow the local crypto economy, encouraging crypto adoption on the home front and ultimately maximizing our reach,” explains SAFCOIN.

ChainEx

Founded in 2018, the cryptocurrency platforms provides a service that enables locals to buy, sell and trade different cryptocurrencies in exchange for South African rands as the default currency.

ChainEX can be understood as a “centralised cryptocurrency exchange” in South Africa. According to reports, there are 20 coins and 28 trading pairs on the exchange. 

“While we value the exercise of breaking into the international sphere to realise our aspirations for liquidity and decentralization to situate ourselves as a force to be reckoned with, SAFCOIN also recognises how vitally important it is to cultivate relationships with our partners here on home turf,” adds SAFCOIN.

SAFCOIN

Founded in 2018 and based in Mossel Bay, SAFCOIN is a cryptocurrency startup exchange that is available not only in South Africa but also in Botswana, Uganda and Nigeria. Users in these regions have access to FIAT deposits. transactions and withdrawals. 

SAFCOIN aims to promote social and economic growth in Africa through cryptocurrency trading 

Featured image: Executium via Unsplash