Multibix Spot Crypto ETF Platform Exits Beta, Full Functiona...| MENAFN.COM

Wednesday, 30 November 2022 08:49 GMT

Multibix Spot Crypto ETF Platform Exits Beta, Full Functionality Now Available


(MENAFN- GetNews) Retail users across the globe can now securely create and purchase spot crypto ETFs.

After weeks of rigorous AI and user testing, globally-based and fully-licensed cryptocurrency exchange Multibix has exited the beta stage. The crypto industry's first spot crypto ETF purchasing platform is now fully available for customer trading at Multibix.com.

Multibix Crypto ETFs feature a basket of up to five different cryptocurrencies, which are selected based on a number of factors including historical performance and growth potential. Users can invest in a variety of ETFs, each of which is built with a common theme, much like a stock ETF.

The platform went through extensive testing, with the exchange's security and functionality continuing to be the highest priority. Real customers traded on the Multibix platform and provided feedback to the developers, which helped guide the platform's recent updates and improvements.

One of the most widely embraced features in the testing was the Create-Your-Own ETF function, which allows users to select and purchase their own crypto ETF bundles. Users can choose from over 160 of the industry's most influential cryptocurrencies, select the weighting of each coin and how much they wish to invest in their own created ETF.

“Given the state of the crypto industry at large, crypto spot ETFs are necessary now more than ever,” said Dr. David C. Watts, the founder and CEO of Multibix.“The relative safety and stability of ETFs are what the crypto market has been asking for, and we're proud to be able to offer them to crypto traders around the globe,” he added.

Multibix's traditional spot cryptocurrency exchange is also at full functionality alongside the crypto ETF platform. Users can take advantage of industry-standard security and some of the industry's lowest fees within the Multibix trading ecosystem.

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