T.E. Markets – an adaptable company in Africa with vested interest and investments in real estate, mining and exploration, as well as digital financial services – has launched the African Consolidated Exchange (ACEX) to allow Africans to control the prices of commodities.
The system, which was launched in Nairobi, Kenya, over the weekend, also aims at becoming a key infrastructure for players in the financial markets and digital finance.
This platform seeks to serve as a digitalised general store for all forex traders, crypto traders, stakeholders and investors in the financial market on the African continent and beyond.
The Founder and President of T.E Markets and ACEX, Ian Mvula, in an interview after the launch, said the platform is intended to change the narratives of African’s being left behind, especially when it comes to making the financial markets what they are.
He said, for instance, 40 per cent of the global commodities come from Africa but Africa rarely plays a role in determining the prices of such commodities and that changing this narrative has been the motivation for the platform.
Although he acknowledged that the situation could not be changed overnight, the ACEX Founder said changing it starts with a journey, which would soon put pricing power in the hands of Africans.
Mr Mvula said with steps taken with the launch of the ACEX platform, the company is of the firm conviction that over the next few years to come, the narrative will change and that this is what Africa needs at the moment.
He indicated that ‘cryptorisation’ is a fact of life and has come to stay – and that there is massive adoption of same going on around the world, adding that Africa is currently one of the leading regions of crypto and as such, the ‘TEM coin’, the cryptocurrency project of the T.E Market, will be the medium of exchange on the ACEX platform.
Regulation of cryptocurrency
Mr Mvula said the company would be self-regulating until applications are allowed for regulation, since in the current situation in Africa, authorities are not yet regulating cryptocurrencies. He noted, however, that in America, authorities had already started the processes of regulating the trading activities with cryptocurrencies.
He disclosed that how crypto has already changed the financial market is a great way and that it is currently well over the New York Stock Exchange in market cap, thus it is gone beyond the three trillion market cap.
Mr Mvula explained that it is a huge amount that a regulator should not overlook and not seek to regulate such a market.
Level of cooperation with African governments
He noted that the company has got a lot of support from the countries that have been approached so far, indicating that they do not have any form of regulation for cryptocurrencies, so the ACEX platform could still proceed and as and when regulation comes into force, they take it from there.
Mr Mvula said he assumes that most of such countries are busily working in the background towards regulating the activities of the market and “we are geared for a time where they will open their doors.”
Acex is owing people . They’ve refused to pay since last year October. They should release our capital if they can’t pay the ROI anymore
The ACEX team should pay investors their money. Give us back our capital if we can’t get the ROI
ACEX has a clean look and is very simple to use compared to other cryptocurrency platforms I have used. It’s perfect for those new to crypto and users who aren’t looking for overly complicated features. I suggest Acex to each of you interested in learning about cryptocurrency.
ACEX is the best platform makes it safe and easy to manage cryptocurrency exchange. It provides a facility to transfer payment across the globe. It is straightforward to use a currency like Bitcoin; also, it is user-friendly and offers all-time customer support.
ACEX is an easy-to-use service that permits you to deal with all your virtual money in one spot. You can purchase, sell, exchange, convert, send, and get virtual money like Bitcoin, ethereum, and many more. The element I like the most is their procuring tab that permits you to finish smaller than expected examples to acquire truly virtual cash, which converts into more cash in your portfolio. Furthermore, if you are selected, they’ll keep you informed about the most recent data in the virtual money world. This turns out to be particularly convenient when you put resources into the perfect virtual coin.
ACEX is one of the best tradings platforms that has helped me gain confidence while trading. I am so glad that I started trading with them.
Working with ACEX has helped me in trading in the best possible manner. I am so glad that I took their assistance, and now I can finally call myself a professional in the trading field.
The trading experts of ACEX are remarkable at offering their master direction. I couldn’t imagine anything better than to suggest everybody utilize the ACEX platform for forex trading.
ACEX always providing best advice to their users to earn huge money. I earn money with their great direction during investment on ROI. I personally recommended everyone to earn money on ACEX trading platform.
Acex is the famous platform for trading and investment. Now you can earn the extra money with best smart investment on ACEX. I personally recommended everyone to go and check out the trading platform.
Taking the assistance of ACEX has helped me a lot in my trading experience. I am glad that I accepted their service; their trading platform is highly recommended to people who want to become an expert in trading.
I have invested in other platforms, but they haven’t met my expectations. I am glad I finally chose ACEX, as it helped me become a professional trader. I highly recommend their services.
After using the services of the ACEX platform, I can finally say that I have started to trade in the best possible manner. Their experts are simply excellent at guiding people towards the trading process. I am soo happy that I took their guidance as now I can finally call myself a trading expert.
I got my ROI on time with great guide from ACEX. I am so happy with their guidance.
I like ACEX platform because it is very easy to use and gives you flexible options to withdraw to other cryptocurrency wallets.
I trust them with my money, they don’t do dodgy things, the app and platform work pretty well most of the time. And the fees are not too bad
I got great ROI on investment and and their guidance
was also expressive. I am really happy with ACEX services
What I like most , firstly is easy and quick transfer.
Simple interface of ACEX for beginners and easy to use.
Fantastic trading platforms, excellent market research, industry-leading education for beginners and reliable customer service.
I have just started using ACEX recently and have come from using another South African Exchange. I have found that the staff is very friendly and caring.