EXMO is a centralized cryptocurrency exchange (CEX) that is based out of London, England. This platform was founded in 2014 and is now referred to as one of the largest crypto exchanges in Eastern Europe. Users can trade both cryptocurrencies and fiat currencies on this platform.
The EXMO cryptocurrency exchange requires users to go through the KYC process in order to verify their identities. This is done to ensure they don’t partake in any fraudulent activity. The platform is accepted in over 200 different countries except for North Korea, Japan, China, Syria, the USA, and the Middle East. EXMO is compatible with both desktop and mobile devices (iOS and Android).
The EXMO cryptocurrency exchange allows users to trade both crypto-crypto and crypto-fiat currency pairs. It has EXMO spot, features, and perpetual markets. In these markets, there are 182 cryptos and 6 fiat currencies that make trading pairs on this platform. It seeks to become one of the world's largest global exchanges in terms of volume and liquidity. Most of the EXMO trading pairs involve at least one currency that includes either USD, EUR, ETH, BTC, or RUB.
EXM is the native token of the EXMO cryptocurrency exchange. It is an ERC-20 token that was launched in 2019 to serve as a rewards and benefits system in the EXMO ecosystem. Holders of the EXM token can benefit from increased referral rewards, EXMO exchange bonuses, and reduced trading commissions. Token holders also have voting rights on EXMO. Check out the EXMO crypto price here.
The EXMO exchange fees follow the maker-taker model. Fees go as low as 0% and depend on several factors, including EXMO trade volume. Maker fees range from 0% to 0.3%, while taker fees range from 0.08% to 0.3%.
Besides, there are no EXMO crypto fees on deposits for the majority of the currencies on the platform. However, they do charge withdrawal fees that vary depending on the currency involved in the transactions. For instance, you will be charged 50 EXM for withdrawing EXM. Similarly, you will be charged 0.0005 BTC for withdrawing Bitcoin.
The EXMO crypto exchange provides users with several different services to enhance their trading experience. For starters, EXMO has a referral program where users can earn up to 25% of the trades placed by the people they referred. There is also a cashback program where you can save up to 70% on your transaction costs. Additionally, EXMO has an OTC trading facility where a professional broker executes trades larger than $100K.
Besides, EXMO has a VIP Clients feature that is dedicated to VIP trading clients such as banks, exchanges, brokers, companies, hedge funds, and venture funds. This program provides these clients with many benefits not available to the average retail trader. These include personal money management, individual trading cost terms, increased limits, and corporate accounts.
About the Company
EXMO was founded in 2014. Ivan Petuhovskii is the founder of EXMO. The platform is estimated to have over 1.8 million users, with offices in London, Moscow, and Kyiv. The team consists of over 150 people.
The company has been the face of several mishaps during its lifetime. The first incident occurred in 2017 when EXMO suffered a DDoS attack. No coins were stolen during the attack, but it did prove that EXMO lacked a strong security system.
The second incident involved the kidnapping of EXMO’s lead analyst, Paul Lerner. This incident took place in Kyiv, and it was also in 2017. Luckily, he was released three days later with no harm. Besides, Bithumb was the victim of one of the largest cryptocurrency exchange hacks of all time, during which a large chunk of their funds was transferred to EXMO.