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A new era of crypto exchanges has dawned. Pullix (PLX), a hybrid exchange, has rapidly gained interest, as investors buy $6.9 million worth of tokens. This comes even as Binance announces the end of support for some of its leveraged tokens. Conversely, issues at centralised and decentralised exchanges drive demand for Pullix. Analysts tip the token for a potential 100x gain.

Crypto exchange Binance has announced it will cease support for some leveraged tokens. Support for leveraged tokens linked to Bitcoin, Ether, and BNB will end on April 3. The announcement comes after the exchange ended support for leverage tokens linked to Tether. The affected tokens are BTCUP and BTCDOWN, ETHUP and ETHDOWN, and BNBUP and BNBDOWN.

Trading and subscription services for the three leveraged token pairs end on February 28 at 06:00 UTC. Users cannot place trade orders on and after the set date. The crypto exchange urged users to trade the leveraged tokens into other assets before the deadline.

Binance will gradually delist and cease redemptions of the leveraged tokens from April 1 to April 3. Users can redeem their tokens prior to the delisting date. If not, the exchange will automatically convert the tokens into USDC at the existing value on the delisting date. 

Binance says the move is part of the exchange’s regular reviews to focus on products that offer users the most value. This comes as investors remain hopeful of alternative exchanges, as centralised platforms are under pressure. Earlier this year, Binance was forced to pay $4.3 billion for money laundering violations in the US. The experiences pave the way for compliant exchanges, with Pullix filling the gap.

Pullix is a crypto exchange that combines the features of centralised and decentralised platforms. On one hand, Pullix gives investors control over their own private keys. This is unlike centralised exchanges in which users entrust the platforms with their security keys. The feature increases security protections for users’ funds in the event of exchange exploits.

Similarly, Pullix taps into institutional liquidity, overcoming a common issue at decentralised exchanges. The exchange works with tier-1 banks, providing deep liquidity for seamless trading. The liquidity allows users to trade different global assets effortlessly for maximum gains.

Besides, Pullix offers a seamless account creation process, overstepping a major challenge with CEXs. Users just need an email address to open an account and access the multiple assets on the platform. 

Pullix offers attractive earnings opportunities, making it an attractive platform than its predecessors. One is access to multiple global assets, such as trading forex pairs, stocks, and commodities. This means investors can diversify their investments to earn more.

Pullix users can also take advantage of the platform’s copy trading function to increase profitability. This is where users copy the trades of experienced traders as they learn. Other earning products on Pullix include yield farms, liquidity provision, and staking. 

Pullix is also designed to be a low cost platform, which increases investors’ earnings. The platform charges zero commissions on trades and tight spreads, keeping users’ costs low. Pullix also maintains an off-chain order book, allowing users to perform orders directly. 

The attractiveness of PLX emanates from the superior qualities that Pullix platform offers. PLX demand will be unlocked as investors shift attention from the CEX and DEX platforms. Consequently, analysts believe the token could rise by 100x as the use case develops.

Pullix is a few days to the end of the presale. Investors have a chance to own a token that can return up to 100x after listing. Having raised nearly $7 million right now, Pullix is set to explode once listed. This emanates from the high speculation and use of the platform. 

Consequently, buying the token on presale is an opportunity to acquire tokens before the price surge. Investors can purchase the token while on presale at the official website. 

The post Binance to end support for some leveraged tokens while Pullix presale raises $6.9M appeared first on Invezz

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