Coincaex is a Guatemalan Crypto-Exchange that offers the best performance and rate in the market for buying and selling cryptocurrencies through them Now they are about to move its operations to El Salvador following Bitcoin as legal tender approval.
Guatemalan Crypto Exchange Coincaex just decided to transfer it’s operations to El Salvador after the Bitcoin Law has approved to make this currency a Legal Tender.
The information was disclosed by Mónica Taher, in charge of International Economic and Technological Affairs at the Secretary of Commerce of El Salvador through her Twitter account.
Coincaex promises to operate in El Salvador
According to the official, the exchange – which has more than 5 years of experience in cryptocurrency trading – has expressed its intention to invest USD 2 million in El Salvador.
Taher assured that one of the company’s corporate promises is to offer the fastest and most efficient service in the region, as well as the best performance and rate in the market when buying and selling cryptocurrencies through them.
Likewise, he indicated that the company has committed to ensuring that its customer service agents are available 24 hours a day, 7 days a week and that all desired transactions can be carried out without having to pay memberships or additional costs.
Finally, the representative of the Ministry of Commerce and Investment said that each user has control of their private key and that guarantees privacy and security . Just as Coincaex offers individual services, it also does so for companies, providing greater benefits for large volume purchases.
El Salvador extends its invitation to bitcoin mining companies
But El Salvador not only seeks that cryptocurrency exchanges move to that nation but is also offering bitcoin mining companies that settle in that country the energy of its volcanoes, as reported by CriptoNoticias on June 9, 2021.
The announcement was made by the president of El Salvador Nayib Bukele, who instructed the company responsible for the generation of geothermal electricity by volcanoes in Salvadoran territory, the state-owned LaGeo, the creation of a bitcoin mining plan.
The Salvadoran president offered incentives to investors who settle in that country. A call was answered by the founder of Tron, Justin Sun, who assured that Tron will also be among the first crypto organizations to establish an office in El Salvador.