Obiex is mainly made up of African traders because they know the problems and inefficiencies of trading on the continent. Issues like many technical barriers to entry, lack of hedging services, delays in network confirmations, constant funds restrictions for no reason, and unfriendly support systems. Obiex was founded to solve these problems since African traders were losing money every day on exchange platforms with these shortcomings.
Obiex Highlights of the Past 365 Days
Obiex began with $2.5m in trades and had a thousand users signed up within its first month. The trade volume hit $53m on the 20th of October, 2021 and doubled to $100m by December 3rd,2021. Currently, Obiex has over 20k users and an average trade volume of around $200m.
The Obiex mobile and Web app launched with five coins, including its own stablecoin NGNX, allowing users to convert cryptocurrency to local cash for quick withdrawals using a fast and secure peer-to-peer (P2P) system.
USDT, BTC, ETH, SOL, and BUSD are among the 18 cryptocurrencies now available on the trading platform. Users can also use their usernames on the app to send crypto to their friends and family, and they can get bonuses for referring their friends and family to sign up.
In addition to the increased coin listing, Obiex now offers virtual cards. After the limits on international transactions using naira debit cards had been cut down from $100 (about ₦50,000) )to $20 (around ₦10,000) per month, Nigerians have found it frustrating and impossible to pay for most online services. The Obiex virtual cards are the perfect solution to the transaction challenges caused by the restrictions of local Nigerian debit cards.
With an Obiex virtual card, you will be able to spend crypto as fiat all over the world instantly. Once your Obiex Virtual Card is activated, you can use it to pay for services on as many online stores, shops, and platforms as possible. You no longer have to be anxious or frustrated about card spending limits or geographical restrictions. These virtual cards can be used for payments on various platforms like Aliexpress, ASOS, Audible, Medium, Shopify, Spotify, Starlink etc.
The platform also provides leveraged tokens for experienced traders who want to compound their trading profits. If you are a crypto trader with a lot of market experience or an investor with a high-risk appetite, leveraged tokens are a simple way to get into leveraged trading. With these tokens, you don’t have to commit as much time and money as full-scale leveraged trading. With Obiex, leveraged trading is made simple and easy.
More Obiex Milestones
Success is the result of preparation, hard work and opportunity, and these three things are in no short supply within the Obiex team. In addition to the products and features mentioned above, there have been other significant milestones in the past year for the crypto fintech. High on the list is the Obiex x Chess in Slums collaboration.
Obiex CEO, Ikechukwu Okeke challenged Chessinslums convener Tunde Onakoya to a chess match. Ikechukwu promised to donate $2000 to the Chessinslums humanitarian project if Tunde won. The match took place on the 22nd of April 2022, and Tunde emerged victorious. As promised, Obiex donated the amount mentioned above, and the Obiex CEO noted that the game was just an avenue to have fun while helping a cause he believes in.
According to the CEO, “Youth and everything youthful is the future of Africa, and we must do everything in our power to empower the youth.” This sentiment is shared by every member of the Obiex team and is an essential driving force behind their actions.
Obiex has also carved a name for itself within the Crypto space by hosting Twitter Spaces, IG lives and Telegram chats with crypto heavyweights like Chris Ani of DabaSchool, Munachi Ogueke of Yellow Card, Tunde Onakoya of Chessinslums, Tony Emeka of CryptoTvplus and Deborah Ojangbede of AFEN Blockchain Group.
Obiex and her vision for the future
There’s always more to do in the crypto ecosystem, and from all indications, Obiex is not about to rest on her laurels. More features are coming to the Obiex app, including interest on crypto deposits, utility bill payments, gift cards, more coin listings, limit orders, access to credit, and crypto savings plans. The crypto fintech company also intends to launch an NFT marketplace for Africans and collaborate with humanitarian organisations to offer more inclusive financial services.
For Obiex, the sum of the parts is equal to the whole. Every single employee is vital for the growth of the company. Every single customer is essential for the fulfilment of the Obiex vision.
Obiex will be on the frontlines delivering stellar services and shaping history as the crypto and financial industries evolve.
You can Download the Obiex App here and start enjoying the easiest-to-use cryptocurrency exchange on the continent.
