AOFEX Exchange Creating a Safer Trading Environment
| Updated
by Julia Sakovich · 4 min read
Photo: AOFEX
AOFEX Exchange is known for its non-standardized option trading service that helps investors hedge the risks of their digital investments. NSO trading awards are said to be launched this month.
AOFEXhasabank-levelsecurityriskcontrolsystemandtechnologytofullyguaranteethefairnessoftransactionsandprovidesuserswith aquality service. Itnotonly ensures reliablesecurityguarantees for users butalsogreatlyenhances their tradingexperience.
ThecoreteamofAOFEXhasbeendeeplyengagedinfintechfieldsformanyyears, providingstrategicplanningforalargenumberofhigh-techenterprises andcoreservicesformanyfinancialinstitutions. The AOFEXteamhasaverystrongglobalstrategicoperationcapability, aswellasrichexperienceinfinancialriskcontrolandmanagement.
AOFEXintroducesworld’stoptraditionalbankfinancialriskcontrolsystem, adoptsmultipleunderlyingsecuritytechnologies, establishesinternalsupervisionandearlywarningsystem, as well as setsupariskreservemechanismtoprovideuserswithamoresecureencrypted crypto tradingenvironment.
User Protection
Exchanges play a vital role in the crypto space that’s why there is little surprise that quite often they become targets for fraudsters who create accounts with fake info and later use these accounts for their illegal activities.
Such illicit actions may have a great negative impact on the digital currency sector.
Though blockchain is known for its anonymity and decentralization, the users of this technology as well of digital coins that are built on it have the right for legal protection. Nevertheless, for the majority of common users, it may be quite challenging to enjoy this right and benefit from it.
That’s why feeling their responsibility, exchanges now want to protect users and ensure security for their digital assets with the help of regulatory authorities in the respective countries
As for AOFEX, it created an anti-moneylaunderinggroup. Italso entered in strategiccooperationwithSlowFogTechnology, that is known to beanexpert in the issues of blockchain and userassetsecurity, anti-fraud, internationalanti-moneylaunderingandanti-terroristfinancing.
AOFEXhas already managed to issuea row ofanti-moneylaundering (AWL) safeguards, that fully correspond to the principles of thenewpolicyofInternationalFinancialActionTaskForceagainstMoneyLaundering (FATF). Namely, FATF is a pioneer in many anti-moneylaundering initiatives.
The platform has an aim to protectinvestors’ interests, allowinguserstotradefreelyinasafeandfairenvironment, gainingbenefitsfromthedevelopmentofblockchainindustry, andalsohelpindustryevolution, graduallyselectthemostrecognizedtechnologyandteamstocontributetochangingthewholeworldwithblockchaintechnology.
Non-Standardized Option Trading
Non-Standardized Option (NSO) product offered by AOFEX is alsowidelypraisedbyusers.
NSO is afinancialderivativeusedtohelpinvestorshedgetherisksofdigitalcurrencyinvestment. Comparedtoothermarkettradingmodel, thereisabigdifference. InNSOtrading, userscanflexiblychoosetradingsessions, buyup/downoptionsinmainstreamcurrencies, orfurtherbuyoptionswithdifferentups/downsranges, andthengetcorrespondingbenefitswhenmarketresultmatcheswithexpectation.
Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.
The Crypto Travel Rule was created by the UN’s Financial Action Task Force (FATF) in June 2019 as a measure to prevent illicit actors from laundering money through cryptocurrencies.
The ban crypto transactions in Kuwait is reportedly part of a broader regulatory initiative that involves multiple supervisory authorities, including the Ministry of Commerce and Industry, the Central Bank of Kuwait, and the Insurance Regulatory Unit.
Japan will implement stricter rules for exchanges, including the implementation of the FATF travel rule, to combat money laundering and ensure transparency in cryptocurrency transactions.