Aldrin cryptocurrency exchange is a DEX built on the Solana network that aims to make digital asset trading easier for both novice and seasoned traders. Though Aldrin also plans to launch its centralized exchange in order to cater to different kinds of traders.
As a decentralized platform, Aldrin crypto exchange welcomes all users from all over the world. There are no country restrictions for any user. Furthermore, the platform does not require an extensive KYC verification process as a user only needs to connect his or her wallet to gain access to the decentralized exchange. Supported wallets include Aldrin Wallet, Phantom, Math Wallet, Ledger, Solflare, and others.
Markets
Aldrin simplifies the trading process for users by providing a comprehensive and informative dashboard. It provides access to over 160 Aldrin trading pairs that are available on the exchange, as well as key information about each token like its website, analytics of trades, and other data. This allows traders to review important details before they execute their trades. The major markets include SOL, USDC, USDT, and ETH. The Aldrin spot trading option is one of the numerous options available for users to trade with and make a profit from. Other investment options include futures, hedging, smart order swapping, farming, and staking activities.
Traders who wish to reduce the risk of loss due to market fluctuations can use Aldrin's hedging platform. All they need to do is open a separate hedging account wherein they can initiate hedge positions. This makes it easy for them to apply their strategy, as well as keep track of their positions. Furthermore, Aldrin Futures trading provides investors with the opportunity to increase their returns on assets through leveraged trading. By using futures, traders can open larger positions and make bigger trades in order to boost their profits. As of writing this article, this feature is currently under a limited testing phase but will be available for more individuals soon.
In terms of Aldrin exchange fees for trading activities, the platform charges swap fees that are proportional to the amount of crypto you want to swap. Basically, the Aldrin crypto price paid for any swap is 0.01% of the amount intended to be swapped. Furthermore, the fees charged for deposits and withdrawals are solely dependent on the type of cryptocurrency you wish to transact with.
The RIN token is the native utility token of the platform. It is utilized to power the exchange's rewards system and motivate users to take part in protocol activities. Furthermore, users can employ RIN tokens in order to get involved with the project’s governance mechanisms, granting them a vote on future crucial protocol parameters.
In the future, RIN plans to incorporate its Solana-based Automated Market Maker in order to expedite trading. This will also offer users the opportunity to provide their assets for the purpose of boosting exchange liquidity and be compensated for it. Additionally, when the centralized exchange is launched, there will be a buyback and burn feature implemented in which tokens used as transaction fees are bought back from circulation and destroyed, thus keeping the price of the RIN token stable over time. Also, note that users can stake RIN tokens to get extra RIN in return.
About the Company
Aldrin cryptocurrency exchange was founded by Hisham Khan, who doubles as the CEO of the company. He graduated from Baruch College with a degree in accounting. Before starting Aldrin, he was a business analyst at Interpublic group and a project manager at Bloomberg LP.
In February 2023, the Aldrin trade volume ranged around $70,500. To check the current Aldrin volume, take a look above.
