Ukrainian centralized exchange moves to global expansion track, plans to release metaverse

cointelegraph.com:

Centralized exchanges (CEXs) have come a long way since they came onto the cryptocurrency scene, now becoming the most widely used platform for buying and trading digital assets. However, since their inception in 2010, exchanges have evolved significantly; their teams are now working with regulators, auditors and user experience specialists to develop institutional and public trust in blockchain technologies and their underlying cryptocurrency assets.

Although originating as trusted intermediaries, these platforms have proven to be much more, delivering value in their guarantee of consumer security and protection while also opening the door to the host of new tokens being released to the public. In more modern occurrences, some of these platforms have been extended even further as the foundation for launching new applications and accessing the metaverse.

QMALL, a brand created by an international group of companies headquartered in Ukraine, has risen to the challenge with the release of its own centralized exchange. The QMALLexchange, which has proven its value in enhancing the process of payment and accounting for cash, is now transitioning from a regional offering to a global one.

The team attributes this modern phenomenon to the platform’s ability to deliver convenience, the right marketing and adherence to strict promises of fulfillment. To this day, the strategy continues to be executed by the exchange’s founders, Mykola Udianskyi and Bohdan Prylepa.

Despite strong competition with Asian exchanges, QMALL presently has more than 150,000 active traders, just three months after their launch. QMALL is now creating its own metaverse, with the launch expected by the end of the year. The platform plans to take on a new