Exdex is a crypto exchange in the UAE

Exdex is a cryptocurrency exchange service focused on cryptocurrency and fiat transactions via an online platform and an offline counter in the UAE. The service operates as an exchange and does not use a traditional exchange interface. The main focus is on cryptocurrency exchange, transfers, and OTC transactions, including cash transactions. The platform is used for both private transactions and international payments, including service payments and invoices. Exdex is available online 24/7, as well as through a physical location in Dubai.

Operating Model and Services

Exdex operates on the classic crypto exchange model: transactions are initiated via a request, followed by the execution of the exchange under fixed terms. The user selects the direction, receives a quote, and completes the transaction via the website or in person. Exchange instruments, such as order books or futures, are not available.

The service combines several areas:

• online cryptocurrency exchange
• in-person exchange with cash payments
• transfers between cryptocurrency and fiat
• bank account and card services
• payment of invoices in USD, EUR, and AED
• support for real estate and vehicle transactions
• OTC transactions involving large sums
• Support for popular cryptocurrencies (BTC, USDT, ETH, SOL, XRP, TON, etc.)

A separate format for transactions with enhanced service levels has been implemented, including the ability to conduct cash transactions and organize settlements outside the standard online interface.

Office, infrastructure, and operational features

Exdex’s offline operations are based in Dubai, in the Jumeirah Lake Towers area, at the Concord Tower. Cash transactions are handled at the counter, while the online platform operates 24/7.

The service’s infrastructure includes a web interface with an exchange form, a user’s personal account, and a request processing system. A wide range of options is supported, including bank transfers, cards, and cash payments in various currencies. Exchanges are conducted at the service’s internal rate, which is fixed at the time of the transaction.

Control procedures are in place for transactions, including verification of clients and transactions. The terms of transactions depend on the currency pair, amount, and transaction format.

Practical Features

Exdex falls into the category of OTC exchanges, where a significant portion of transactions takes place in the form of negotiated deals. This means that the exchange rate and transaction parameters are determined before the transaction takes place, rather than being formed in real time on the open market.

The service is designed for fast exchanges and handling various payment scenarios, including international transfers and service payments via cryptocurrency. Transactions can be conducted entirely online or through an offline cash desk when cash transactions are required.

Exdex is a cryptocurrency exchange service focused on cryptocurrency exchange and handling fiat currency through an online platform and an offline office in Dubai. The primary focus is on the OTC format, fixed transaction terms, and support for various payment scenarios. The service is used for both private transactions and tasks related to international payments and large-scale deals.