DIFX unveiled its new corporate identity and a brand-new revolutionary feature called the “Nomination Program” at the Crypto Expo Dubai event. Deceased users on DIFX’s exchange will have their crypto assets transferred to designated beneficiaries under their pilot initiative.
DIFX’s Revolutionary Nomination ProgramAt the Crypto Expo Dubai event on March 16, Digital Financial Exchange (DIFX), a cross-asset fully insured Centralized Crypto Exchange (CEX), revealed its new corporate identity and a new innovative feature, the “Nomination Program” next to DIFX CEO, media and partners. In an effort to compete with established exchanges like Binance and Coinbase, Digital Financial Exchange (DIFX) has unveiled a variety of new services. A significant point to consider is what to do with your crypto when you die. The company’s CEO, Jeetu Kataria, spoke at the Crypto Expo Dubai about the company’s Nomination Program, which enables users to transfer their assets to beneficiaries in the event of their death, for example. According to Kataria, this program is the first of its kind and aims to alleviate clients’ “pain points, apprehensions, or obstacles.”
Kataria further stated, “This reflects our customer-centric approach and our firm belief in ensuring that trust and continuity of service are paramount even in the harshest circumstances,”The exchange was founded in September 2021 and has since grown to the Middle East and begun laying the groundwork to enter the African and Southeast Asian markets. According to a press release, the exchange takes pride in being a “fully insured cross-asset” trading platform through its cooperation with Fireblocks, a major cryptocurrency custodian. Transferring assets after a person’s death is a major problem in the crypto world. According to Chainalysis, between $2.7 million and $3.79 million worth of Bitcoin (BTC) has been lost, and several dormant addresses are thought to represent the addresses of deceased HODLers. The Crypto Expo Dubai is a two-day event that includes solutions from exhibitors, demonstrations from over 90 speakers, panel discussions, Q&A sessions, and an award ceremony.