London, UK, 13 April 2023, Chainwire
Kinesis Moneythe digital asset trading and payment services platform, listed its native gold (KAU) and silver (KAG) – digital currencies backed 1:1 by physical gold and silver bullion – on the Emirex stock exchange.
The addition of Kinesis Gold and Silver to the Emirex exchange brings greater accessibility to precious metals at a pivotal time. With uncertainty surrounding crypto regulations and destabilization of major currencies affecting market confidence, investors around the world are once again turning their attention to the economic safety of physical gold.
Listing on Dubai-based Emirex introduces physical Sharia-compliant precious metals to booming markets in the predominantly Muslim Middle East. The market has a long history within the precious metals industry, with ownership of gold in the Arab world increasing in recent years. A total of 1,200 tonnes is now held in central bank vaults in the Middle East region.
Thanks to the Emirex listing, traders and investors can now buy, sell and trade physical gold and silver via Kinesis gold and silver pairs: (KAG/USDT, KAG/ETH & KAU/USDT, KAU/ETH) outside of the Kinesis platform. Kinesis native stablecoins allow users to liquidate more volatile assets, such as cryptocurrencies and fiat-based stablecoins, into the proven value of precious metals at any time.
The listing provides an entry point for Emirex users to transfer their Kinesis gold and silver to the Kinesis platform and access the Kinesis Money System transaction fee-based returns. On the platform, users receive a monthly return for holding, trading, and spending their gold and silver-backed digital currencies.
Additionally, users of the Kinesis platform can access the overall utility of their assets with the Kinesis virtual card. The card allows gold, silver and a range of cryptocurrencies to be spent, with real-time fiat conversion, in over 80 million locations worldwide. The most widely available crypto card on the market, the Kinesis Virtual Card is available to over 1 billion people in 61 countries across Latin America, Europe, UK, Canada and Oceania.
Gold and silver traded on Emirex can also be exchanged physically using the Kinesis exchange feature. This allows investors to redeem the physical gold (999.9) and silver (999) bullion that underlies their Kinesis gold and silver at some of the lowest costs and withdrawals in the industry.
The addition of Kinesis Gold and Silver to Emirex precedes Kinesis Pro, Kinesis’ professional crypto-trading platform which is expected to launch this year. The professional exchange will offer a range of high-liquidity trading pairs, reliable exchange security, and significant expansion of cryptocurrency assets on the Kinesis ecosystem.
In an economic environment where the strength of gold and silver is more evident than ever, listing on Emirex brings the stable and proven value of physical precious metals to crypto traders and investors around the world.
Grigory Rybalchenko, Founder and CEO of Emirex, said: “We are extremely excited to partner with Kinesis to introduce KAU and KAG tokens to Emirex.
“We sincerely believe that the tokenization of precious metals as assets using blockchain is the future of commodity markets – which is why we are delighted to support Kinesis.”
Thomas Coughlin, CEO of Kinesis, said: “We are excited to expand the global availability of Kinesis Gold and Kinesis Silver and bring the benefits of the Kinesis Currency System to a broader user base. Kinesis’ gold and silver listing on Emirex adds additional exposure to the Kinesis brand and ensures that investors and traders around the world can access the stable value of precious metals through gold and Fairly priced, fully allocated physical silver from Kinesis.
Kinesis Money is a global digital asset utility platform that facilitates daily trading, management, and spending of digital assets and physical cryptocurrencies based on gold and silver.
Through its monetary system, users can earn returns on allocated physical gold and silver and spend, save, trade, and redeem their precious metals anytime on a global, low-cost basis.
Learn more about Kinesis by visiting:
Website | Forum | Twitter | Facebook | Youtube | LinkedIn
Strategically based in Dubai and founded in 2017, the Emirex platform enables investors and traders to easily invest and trade digital assets, including cryptocurrencies and digital assets, in a Sharia-compliant environment. .
The trading platform offers a large number of markets, allowing users to trade a wide selection of fiat-crypto pairs priced in AED. Emirex offers a comprehensive trading arena for all crypto markets that includes detailed order books, customizable chart screens, and technical indicators.
Risk statement: Cryptocurrency trading involves a significant degree of market risk. You are advised that Emirex is not responsible for any trading losses you may incur. Please exercise caution when making transactions.
Learn more about Emirex:
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Emirex reserves the right, in its sole discretion, to update, revise or terminate this memo at any time and for any reason.