DAEX, a cross-chain clearing wallet has announced that SEADEX, a Thai cryptocurrency exchange, will be the first official exchange customer of the DAEX Wallet. As an important part of DAEX’s global ecosystem, SEADEX is helping DAEX expand its customer-base in the Thai market. In exchange, DAEX will provide technical and financial support to SEADEX.
This support will include consulting services, development of the SEADEX trading software, and use of the DAEX Wallet, which will allow SEADAX to use DAX tokens for clearing and custody fees on their platform.
After SEADEX, the DAEX Wallet is set to be online for other partner exchanges this month. With the goal of providing digital asset clearing and settlement solutions to exchanges, organizations, and individuals, the DAEX Wallet is a gateway to DAEX’s clearing ecosystem. Through the use of a public clearing chain, the clearing of all transactions made with the wallet is facilitated in a transparent way
The DAEX Wallet is also able to store multiple cryptocurrencies. It supports the storage and trading of most major cryptocurrencies across exchanges and across public chains. After an exchange switches over to using the DAEX Wallet, users can quickly and easily connect to the exchange using their own wallet accounts. Deposits and withdrawals are completed through the underlying protocol of the exchange, allowing the exchange to complete these operations more quickly and thus improving the overall user experience.
DAEX has expanded into numerous markets, including Russia, Australia, and various Asian countries. In the next year, the company aims to serve 10,000 corporate customers with the DAEX Wallet, including exchanges and funds. DAEX also plans to work with more than 60 investment organizations around the globe to build a new ecosystem for trading and clearing. Finally, the company aims to cooperate with 10 or more exchanges to whom they will provide services including technical support, DAX clearing tokens, and investment.