- Summary:
- The listing on the Emirex crypto exchange gives users an avenue to invest in gold and silver bullions through cryptocurrencies.
Kinesis Money, a platform for the trading of digital assets and the provision of payment services, has made its native gold (KAU) and silver (KAG) available for trading on the Emirex exchange. The value of the digital currency is equal to the value of gold and silver bullion.
Kinesis gold and silver are now available through the Emirex exchange, expanding investors’ access to precious metals at a crucial juncture. The timing of the listing couldn’t be better, as investors around the world are fleeing to the safety of physical gold from the regulatory uncertainty facing cryptocurrencies. Furthermore, markets have been impacted by the broad destabilisation of major currencies.
Kinesis’s gold and silver pairs (KAG/USDT, KAG/ETH, and KAU/USDT, KAU/ETH) are now available for trading on the Kinesis platform on the cryptocurrency exchange Emirex.
The Middle Eastern Market and the Kinesis ecosystem
Gold ownership in the Arab world has been on the rise in recent years. Furthermore, the Middle Eastern market has a long history in the precious metals business, and the region’s central banks now have a total of 1,200 metric tonnes. The listing also brings tangible precious metals that adhere to Shariah law to the expanding Muslim market.
When using Kinesis’ native stable coins, investors can instantly convert their cryptocurrency or fiat-based stable coin holdings into the more stable value of physical precious metals. In order to profit from the Kinesis Monetary System’s transaction fee-based returns, Emirex users can move their gold and silver onto the Kinesis platform. Digital currencies backed by gold and silver are accepted on the network, and users earn interest on them every month.
In addition, the Kinesis Virtual Card gives users of the Kinesis platform access to the worldwide utility of their assets. The card enables instant fiat currency conversion, making gold, silver, and a variety of cryptocurrencies instantly spendable at over 80 million locations worldwide. More than a billion people in 61 countries across Latin America, Europe, the United Kingdom, Canada, and Oceania can use the Kinesis Virtual Card.
Why gold and silver?
The inclusion on Emirex links crypto traders and investors throughout the world with the stable, time-tested value of physical precious metals in a market where the strength of gold and silver is as clear as ever.
Kinesis also provides a physical redemption option for the gold and silver that are traded on Emirex. With Kinesis Gold and Silver, investors may withdraw the underlying actual gold (999.9) and silver (999) bullion at some of the lowest fees and minimum withdrawals in the business.
Kinesis Pro, a professional cryptocurrency trading platform, is scheduled to launch this year, and the addition of Kinesis gold and silver to Emirex is a precursor to that launch. The pro exchange will provide several high-liquidity trading pairings, solid exchange security, and a vast increase in the variety of cryptocurrency assets available on the Kinesis platform.
Thomas Coughlin, Chief Executive Officer at Kinesis, said: ” The listing of Kinesis gold and silver on Emirex adds further exposure to the Kinesis brand and ensures that investors and traders around the world can access the stable value of precious metals through fairly-priced, fully-allocated physical gold and silver from Kinesis.”