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Jan 24, 2023 • 2 min read

A new exchange for the MultiversX ecosystem, by Morningstar Ventures

Daniel Serb
Daniel Serb

Compressing intense amounts of strenuous efforts over the length of 3 eventful days, X Day was a lively celebration of past achievements, and a scene for a great deal of new and exciting launches, compelling talks, and promising announcements.

First introduced at X Day, the Morningstar Ventures-developed hybrid exchange, EXBI, recently launched in ‘Public Beta’, is adding EGLD, the native token of the MultiversX blockchain, to its list of tradable tokens.

Built to incorporate the best of two worlds, EXBI aims to combine the speed and efficiency associated with centralized exchanges with the plenitude of advantages linked with decentralized ones.

Already featuring or working on integrating components like an academy section, staking, NFT avatars, cards, Web3 login and many others, the exchange manages to successfully bring together several different crypto-centric verticals, identifying and offering solutions to plenty of emerging user needs.

The conclusion of its ‘Beta Testing’ phase and its ‘Public Beta’ kick-off acts as a stepping stone toward a more aggressive, growth-oriented initiative, meant to supercharge its user base within the geographic area currently in its scope.

The gap between the decentralized and centralized exchanges can open up immense breakthrough opportunities in the blockchain space. We are intrigued by the potential brought on by hybrid exchanges and eager to see the field develop further”, said Beniamin Mincu, MultiversX CEO.

We’ve been hard at work to build this exciting product and bring something new to the table for a long time. We will do our best for EXBI to provide value to the MultiversX ecosystem.“ said Arut Nazaryan, CEO EXBI (and Co-Founder of Morningstar Ventures)

The next step in our collaboration will be the EGLD listing on EXBI, scheduled for January 26th, 16:00 UTC, followed by a soon-to-be-announced trading competition aiming to incentivize EGLD trading on the platform and reward the most dedicated traders with a host of EGLD prizes.

About EXBI

Unveiled at X Day in Paris, EXBI is a Morningstar Ventures-developed hybrid exchange, aiming to combine the advantages of centralized and decentralized exchanges into a single platform, offering Web3 features and functionalities to a growing number of users.