Is the IDAX exchange legal?
- Karen CarpenterOriginal
- 2024-09-27 21:38:02437browse
IDAX Exchange is not formal as it has not been licensed or authorized by any major regulatory agency. As of February 2023, IDAX ranks 126th among global cryptocurrency exchanges, according to CoinMarketCap. Ranking factors include trading volume, market share, number of coins, number of users and liquidity.
Compliance of IDAX (IDAX) Exchange
IDAX (IDAX) is a company located in A Singapore-based cryptocurrency exchange operated by Adax Information Technology Co., Ltd.
Whether IDAX is legal or not depends on whether it complies with the laws and regulations of the relevant jurisdictions. Currently, IDAX has not been licensed or authorized by any major regulatory agency.
Global ranking of IDAX (IDAX) exchange
IDAX ranks among global cryptocurrency exchanges as of February 2023, according to CoinMarketCap No. 126.
Ranking Factors
Exchanges are generally ranked based on the following factors:
- Trading Volume
- Market Share
- Number of coins
- Number of users
- Liquidity
It should be noted that the ranking will continue to change with market conditions.
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