What Happened on JPEX?

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After years of operating as one of the most successful centralized cryptocurrency exchanges (CEXs) in the decentralized finance space, JPEX is finally launching its native asset, called JPC. This is a digital asset that will be contributing to the overall ecosystem of the JPEX platform. With millions of users around the world and more than 100 cryptocurrencies on its platform, the launch of JPC will add more liquidity to the overall volume of crypto trading platforms. 

Aside from this, JPC would be contributing to the improved market capitalization of tokens backed by exchanges across the globe.

JPC will be launched on the JPEX platform on Monday, August 8, 2022, at 20:00 (GMT+8 Hours). The coin will be made available for trading on JPEX.  

Due to the advancement in technology and the increasing growth of Web3, the Metaverse, and non-fungible tokens (NFTs), crypto trading platforms continue to re-strategize to remain relevant in this saturated market. 

In the last 12 months, Coinbase and Crypto.com have launched NFT marketplaces. NFTs have become a billion-dollar industry that has generated close to USD 40 billion in sales, per data from CryptoSlam. 

Due to its profitability, retail video-game store GameStop launched an NFT platform in July to gain a share of the revenue from digital collectibles. At its peak in January 2022, NFT marketplaces generated about USD 16 billion, per data from the Block. 

As one of the most vibrant technologies today, JPEX could join the NFT space, and this could see the use of JPC as the primary digital currency that will oversee transactions in the marketplace.

Many cryptocurrencies have been