An example of one of the revolutionary ecosystems built on the blockchain are decentralised lending protocols. DeFi lending allows investors and lenders to issue loans or deposit fiat money for interest through a distributed and decentralised application system. Byeliminating traditional financial intermediaries, such as banks, that normally issue debt, these decentralised protocols can offer financial services to people minus the hefty management fee.
And now OVEX is bringing the power of an otherwise-complicated ecosystem in DeFi to the everyday trader with its. These accounts support several stablecoins – which are cryptocurrencies tied to real-world assets like the US dollar to stabilise the price. These USD stablecoins are the perfect marriage between stability and yield for those seeking refuge from the crypto markets’ notorious volatility.
These interest accounts have proved popular amongst asset managers and high-net-worth individuals, but they are also accessible to people of any means with approachable minimum deposit sizes.The South African exchange has gone from strength to strength since its founding in 2017. Its repeated successes are due in no small part to highly innovative strategies to bring cryptocurrency to everyone.
But the other reason for OVEX’s immense growth is simply the staggering depth of its liquidity. OVEX handles so much cryptocurrency volume on a daily basis that it is now able to offer aso they can lock in trades before funds are even settled. That same level of liquidity means that, for orders over US$1-million, OVEX prices are over 3% more competitive than local South African exchanges. In total, over R7.
The same liquidity which gave OVEX a reputation for offering white-glove, concierge-style service to large investors, brokers and asset management firms is now empowering retail investors, too — they can trade crypto assets against ZAR as well as against other cryptos all with