The Ukrainian centralised exchange is moving forward with ambitions to launch a metaverse.

Previously, centralised exchanges served only as a conduit between buyer and seller; currently, they’ve grown into a pivotal point in assuring customer protection, asset diversity, and, in some cases, access to the metaverse.

Since its introduction to the cryptocurrency landscape, centralised exchanges (CEXs) have progressed to become the most extensively used platform for purchasing and exchanging digital assets. Exchanges, on the other hand, have come a long way since their inception in 2010, and their teams are now collaborating with regulators, auditors, and user experience experts to build institutional and public trust in blockchain technologies and the underlying cryptocurrency assets.

Although they began as trusted middlemen, these platforms have proven to be much more, providing value in the form of consumer security and protection while also allowing the public to access a plethora of new tokens. Some of these platforms have been extended even further as the base for launching new applications and accessing the metaverse in more recent instances.

With the launch of its own centralised exchange, QMALL, a brand formed by an international collection of enterprises headquartered in Ukraine, has met the challenge. The QMALLexchange, which has demonstrated its worth in improving the payment and accounting for cash processes, is now expanding from a regional to a global service.

This current phenomena, according to the team, is due to the platform’s capacity to give ease, effective marketing, and tight adherence to fulfilment promises. The approach is still being carried out by the exchange’s founders, Mykola Udianskyi and Bohdan Prylepa.

Despite fierce competition from Asian exchanges, QMALL has over 150,000 active traders only three months after its establishment. QMALL is now working on its own metaverse, which should be ready by the end of the year. As the first metaverse exchange of its sort, the platform intends to pursue a new course.

A quick route to global expansion

QMALL is registered as UAB QMALL in Lithuania to acquire regulated status, where it is recognised as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator by the Ministry of the Interior of the Republic of Lithuania.

With these permits, QMALL effectively receives the go-ahead to expand its exchange inside the eurozone. QMALL will soon include trading pairings that include the euro as part of its global expansion, while also adhering to tight local laws on transparency, data security, and reporting. The combination of these qualities is said to increase overall brand trust. The founders hope that establishing trust in this way will result in an influx of European users, greater interest in the exchange from crypto projects, and, as a result, skyrocketing demand for the project token.

The team has teamed with Sophia Antipolis, Europe’s leading technology zone and the French equivalent of Silicon Valley, in addition to necessary licence. Sophia Antipolis presently has over 2,500 businesses spread across 2,400 acres, including several startups and significant worldwide brands.

With Visa cards given in June for Ukrainian users and in the fall for European users, the company intends to continue enhancing its service and improving cryptocurrency accessibility, with the goal of becoming the world’s first-choice cryptocurrency exchange.

QMALL, Europe’s largest launchpad, has only been around for six months but has already achieved success thanks to its expanding community of 150,000 active traders, the launch of its application, and three successful token sales rounds. The token was recently listed among CoinMarketCap’s top gainers, having increased over 3000 percent and continuing to surge in value.

With the opening of an exchange office in the south of France, QMALL has joined the ranks of these significant players. The team wants to establish the largest European launchpad for Ukrainian and European projects. The exchange intends to create representative offices in every European Union country, resulting in a vast network of crypto startup assistance centres.

Find out more about QMALL.

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