Idex Price Registers Upsurge As Binance Lists IDEX

Idex Price Registers Upsurge As Binance Lists IDEX
  • Binance listed six crypto tokens along with IDEX.
  • IDEX prices surged over 600% in a week.

Today, Binance listed six tokens along with Idex (IDEX). IDEX token price skyrockets over 600% in a week. Notably, the token price leads to a 315% rise in the past 24 hours. Moreover, crypto investors scramble for the coin for fear of being left out due to speculations that the IDEX price will move even higher in the upcoming months. 

According to CoinMarketCap, the IDEX price is trading at $0.448, with a 24-hour trading volume of $226,574,507, at the time of writing. 

IDEX/USDT Price Chart (Source: TradingView)

IDEX exchange’s native token is IDEX. Moreover, IDEX is a hybrid decentralized exchange. Notably, IDEX is a centralized exchange that provides decentralized community ownership and security. The platform uses an order book and also an automated market maker. 

The IDEX platform was initially developed on Ethereum though it is available now on other blockchains which includes Binance Smart Chain (BSC) and Polkadot. Added to this, IDEX holders enhance the validity of the off-chain ledger to make sure that the platform offers a secure network. In turn, the stakers will get staking rewards of 50% of the transaction fees. 

With the upcoming developments and upgrades IDEX has a great chance of reaching new heights soon. If more investors are ready to buy this crypto token, then the value of the particular token will also increase. As a result IDEX will hit the sky soon. 

Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.