.jpg)
Kinesis gold (KAU) and Kinesis silver (KAG), fully-allocated gold and silver-based digital currencies from the digital asset trading and utility platform Kinesis Money, are now available to trade on the Emirex Exchange.
The addition of Kinesis gold (KAU) and Kinesis silver (KAG) to the Emirex Exchange presents a significant opportunity for traders and investors globally to access digital precious metals easily, and introduces greater global availability of Shariah-compliant physical precious metals to the thriving middle-eastern markets. Middle-eastern markets have a long-established history within the precious metals industry, with gold ownership in the Arab world remaining constant in recent years.
A collective 1,200 tonnes is now held in central bank vaults across the middle-eastern region, further reflecting the increased demand for gold bullion from retail investors. A growing interest in the digital asset space has also been shown, with more favourable regulations towards cryptocurrencies boosting ownership and adoption within the region.
Through the Emirex listing, traders and investors can now buy, sell and trade physically-backed gold and silver bullion through an array of Kinesis gold (KAU) and Kinesis silver (KAG) pairs: (KAG/USDT, KAG/ETH & KAU/USDT, KAU/ETH) outside of the Kinesis platform - allowing them to liquidate more volatile assets such as cryptocurrencies into the stable value of precious metals at any time.
The expanded availability of Kinesis gold and silver is also set to bring improved exposure and awareness of the Kinesis ecosystem and its array of precious metals-based products. Additionally, the Kinesis gold (KAU) and Kinesis silver (KAG) purchased on Emirex can be transferred into the Kinesis system, which introduces greater utility to gold and silver holders via spending using the Kinesis Virtual Card and an array of Kinesis Yields for holders.
The Kinesis Virtual Card further expands the global utility of the cryptocurrency industry through its expanded range of cryptocurrencies available to spend with real-time instant conversion at over 80m locations globally where Mastercard is accepted. The most globally available crypto card on the market, it is accessible to over 1 billion people in 61 countries across Latin America, Europe, the UK, Canada, and Oceania.
The listing also bolsters Kinesis’ impact within the cryptocurrency industry ahead of Kinesis Pro, Kinesis' professional trading platform that’s set to launch this year. The professional exchange will offer a range of high-liquidity trading pairs, reliable exchange security and a significant expansion of crypto assets to the Kinesis ecosystem.
The gold and silver traded on Emirex can be redeemed physically using Kinesis' redemption feature. This enables investors to redeem their Kinesis gold (KAU) and Kinesis silver (KAG) tokens for physical gold bullion with tight spreads and low delivery and execution fees by leveraging its price feeds - which are based on gold prices drawn from its global vaulting network, to determine the best pricing.
Following the listing on Emirex, Kinesis gold (KAU) and Kinesis silver (KAG) are due to be listed on more premium exchanges in the coming months, further expanding Kinesis' presence within the cryptocurrency industry. A significant milestone in Kinesis' global expansion, this listing brings the stable value of precious metals to global markets and investors.
Grigory Rybalchenko, Emirex Founder and CEO, stated:
"We're extremely excited to be partnering with Kinesis to introduce the KAU and KAG tokens to Emirex.
"We genuinely believe tokenizing precious metals as assets using blockchain is the future of the commodities markets—that's why we are excited to support Kinesis."
Thomas Coughlin, Chief Executive Officer at Kinesis, said:
"We are thrilled to expand on the global availability of KAU and KAG and to bring the benefits of the Kinesis ecosystem to a broader user base.
The listing of KAU and KAG on Emirex adds further prestige and exposure to the Kinesis brand and ensures that investors and traders around the world can access the stable value of precious metals through fairly-priced fully-allocated physical gold and silver from Kinesis.”
