The UMEX cryptocurrency exchange is working on implementing some pretty neat features which will be appreciated by many novice and experienced traders alike. All of these features were made available for UMEX customers during the first round of beta testing, which began on January 18th. Everything seems to be running smooth so far, and UMEX is now rolling out the second stage of their beta testing period.
Successful First Round of Beta Testing
UMEX customers had a chance to try out some new and interesting features being added to the platform, such as market orders, limit order and stop orders. Each of these new features comes with different “order execution” types, which leads to some great feedback from the UMEX customers in regards to how these features were behaving, and what they would like to be changed.
While the UMEX platform beta testing was going on for nearly two weeks, customers had access to trading under a personalized trading platform. Currencies made available include Bitcoin, Litecoin, Dogecoin and US Dollars. Enabling these currencies lead to even more useful feedback from the beta testers, which in turn helped stabilize the main components of the UMEX Exchange trading system.
Second Round of Beta Testing Focuses on User Security
User security proves to be a critical issue/flaw when it comes to Bitcoin and cryptocurrency exchange platform. Over the past few months, we have seen several platforms being attacked and funds being stolen, which is exactly what the UMEX exchange wants to avoid at all costs. In order to do so, the second round of beta testing will be essential to provide optimal user safety.
UMEX will be fine-tuning both the data storage and transmission procedures in this next round of beta testing, which are both key elements to provide safety to all of their clients. Furthermore, there will be a lot of stress-testing in regards to the process for trade recovery after a regular session or an emergency shutdown has occurred.
The UMEX exchange is a global marketplace for cryptocurrencies, and all trades are executed only through authorized brokers. On top of that, the UMEX exchange adheres strictly to KYC (Know Your Customer) and AML (Anti-Money Laundering) policies. UMEX is operating from the Saint Vincent and the Grenadines jurisdiction.
Website : http://www.umex.com
Source : Press release via email