Ukrainian centralized exchange QMALL is on the track of global expansion and plans to launch Metaverse

Centralized exchanges (CEXs) have come a long way since entering the cryptocurrency space and are now the most widely used platform for buying and trading digital assets. However, the exchange has undergone significant changes since its inception in 2010. Their team is now working with regulators, auditors, and user experience experts to build institutional and public trust in blockchain technology and its underlying cryptocurrency assets.

While these platforms started out as trusted intermediaries, they have proven to be much more than that, providing value in keeping consumers safe and protected, while also opening the door to a plethora of new tokens released to the public. In more modern cases, some of these platforms have been further extended as a basis for launching new applications and accessing the Metaverse.

QMALL , a brand created by an international group of companies based in Ukraine, has risen to the challenge by launching its own centralized exchange. QMALLexchange has proven its worth in enhancing payment processes and cash accounting and is now transitioning from a regional to a global product.

The team attributes this modern phenomenon to the platform's ability to provide convenience, market it right, and strictly follow through on its promises. The exchange’s founders, Mykola Udianskyi and Bohdan Prylepa, are still executing the strategy to this day.

Despite fierce competition with Asian exchanges, QMALL currently has over 150,000 active traders just three months after its launch. QMALL is now creating its own Metaverse, which is expected to be launched by the end of this year. The platform plans to take a new direction as the first Metaverse of its kind.

Fast track to global expansion

In order to obtain regulatory status, QMALL is registered in Lithuania as UAB QMALL and is recognized as a virtual currency transaction operator and a custodian virtual currency wallet operator in accordance with the regulations of the Ministry of Interior of the Republic of Lithuania.

With these licenses, QMALL actually gave the exchange the green light to expand into the Eurozone. As part of its global expansion, QMALL will soon add trading pairs including the Euro, while adhering to strict local laws on transparency, data security and reporting. The combination of these factors is said to have boosted overall confidence in the brand. The founders believe that achieving trust in this way will encourage an influx of users from Europe, increasing crypto projects’ interest in exchanges, and thus increasing explosive demand for project tokens.

In addition to the proper licensing, the team is also working with Sophia Antipolis, Europe's leading technology area, which is France's equivalent of Silicon Valley. Sophia Antipolis is now home to more than 2,500 companies, spanning 2,400 hectares, and home to numerous start-ups and major global brands.

Leveraging a more connected network, the company is eager to continue developing its services and improving cryptocurrency accessibility with the launch of a Visa card for Ukrainian users in June and European users in the fall, in order to become the world’s go-to cryptocurrency exchange.

Europe's largest distribution platform

Only 6 months old, QMALL has achieved success through its growing community of 150,000 registered active traders, the launch of its app and three rounds of successful token sales. The token recently had the biggest gainer on CoinMarketCap, up 3,000%, and continues to appreciate in value.

QMALL has now joined these major players by relocating the trading office to the South of France, where the team plans to launch Europe's largest distribution platform for Ukrainian and European projects. The exchange plans to open representative offices in every country in the EU, creating an extensive network of support centers for crypto startups.