FortuneX | DEX
NEWS

About P2P

Introducing USDX to make stability and crazy liquidity happen! USDX converts cash into digital currency to mirror the price of national currencies like the USD, the Euro, and the Yen. USDX is a stable coin — cryptocurrency holding stable value — and is 100% backed by the USD held in their reserves in a 1:1 ratio. Hence: 1 USDX is always equivalent to $1 USD While building Fortunex P2P, we realized that since crypto price fluctuations are beyond our control, we needed to bring in a stable coin. Thanks to the amazing crypto ecosystem, there are plenty of stable coin options available! Since we wanted to add the stable coin with the highest liquidity in the global market, we’ve decided to go with Tether (USDX) to use in Fortunex P2P. Also, USDX Deposits are live. But what if I put my crypto for sale on Fortunex P2P and its price drops or rises before it’s sold? Our solution in one word: Stability with Tether (USDX). We’re launching our USDX market alongside Fortunex P2P so that you can easily convert your cryptos to USDX. We’ve also ensured that there is enough liquidity in the market so that you can buy and sell at the best possible price. No other exchange in India will be able to offer such attractive prices! So whenever you want to sell any crypto: Convert your crypto to USDX Cash out using Fortunex P2P. Same is true for cashing in. You don’t have to worry about price fluctuations while buying (or cashing in) through Fortunex P2P as the value of USDX is pegged to the US dollar and it’s very stable in day to day value. Feb 16th , 2019