5 Rare Trading Pairs That You Can Find on Godex.io
Over the years, more than 20,000 different cryptocurrencies have emerged on the crypto market. There’s an incredible amount of choice for the aspiring investor today. You can diversify your portfolio with privacy coins, governance and utility tokens, DeFi liquidity, gaming coins, and so much more.
However, many of these tokens cannot be found on popular exchanges because they often find them too risky to have them listed. Moreover, even if you find these rare cryptocurrencies trading on an exchange, there’s a big chance that you will be limited to a trading pair with ETH, BTC, or USDT.
This means that exchanging rare gems with each other will require jumping between multiple exchanges and trading pairs. As a result, the process becomes much more tedious and costly due to the multiple trading and withdrawal fees you will be subjected to.
That being said, some exchanges like Godex.io list these rare trading pairs and allow you to exchange them directly. In this article, we take a look at some interesting trading pairs that can be useful and provide good profit opportunities.
Why Do Platforms Offer a Limited Range of Coins?
When you see the sheer number of tokens and coins available on the market, it’s obvious why platforms cannot simply list all of them. With that in mind, there are a few valid reasons why exchanges do not list more tokens:
- A lot of these up-and-coming cryptocurrencies have very low liquidity. This means that the exchange would have trouble keeping up with market making and will not be able to deliver service.
- Low liquidity can also cause price slippage, which increases the risks for the traders.
- Some coins are outright scams that are specifically created to swindle aspiring investors and draw them into pump and dump schemes.
- Exchanges need to outright buy a large number of tokens to be able to act as a market maker. If demand isn’t high, it doesn’t make sense from a business standpoint to invest in an obscure token that might lose a lot of its value.
What Rare Crypto Pairs Can You Find on Godex?
Let’s have a look at some of the most popular, yet unusual trading pairs on Godex.
#1 ADA for AVAX
Cardano (ADA) is a top smart contract cryptocurrency that uses the Ouroboros consensus mechanism to provide high scalability to users.
Avalanche (AVAX) is one of the fastest smart contract platforms available on the market today and a rising star in the Web3 paradigm.
Yet, popular exchanges don’t offer a direct trading pair between these cryptos, making it extremely tedious for users to transfer assets between these blockchains.
#2 ZEC for BUSD
Zcash (ZEC) is a privacy-focused cryptocurrency, which obfuscates the transaction data from the public. BUSD is Binance’s stablecoin pegged to the US dollar. Exchanging these on Godex brings added benefits, as Godex is an anonymous exchange that will add another layer of security to your capital.
#3 MATIC for DOT
Polygon (MATIC) is a Layer2 blockchain solution created to enhance scaling on the Ethereum network.
Polkadot (DOT) is a network of interoperable blockchains created by Gavin Wood, one of Ethereum’s co-founders.
Being able to swap between MATIC and DOT will allow you to participate freely in two growing DeFi ecosystems.
#4 AVA for TRX
Travala (AVA) is the utility token of the booking service of the same name. The token allows you to get rebates when making reservations and access cancellation options.
Tron (TRX) is a low-cost smart contract platform that is maturing into becoming a true DeFi and NFT powerhouse.
In case you get AVA tokens from a cancellation from a booking, Godex will allow you to easily swap them to the more popular TRX token.
#5 POLY for ARK
Polymath (POLY) allows you to manage and create security tokens, considered as the next huge investment opportunity in the crypto market.
Ark (ARK) is one of the first blockchain platforms that provided the protocols for creating user-based tokens. It runs on a delegated PoS, allowing investors to make passive income.
Having access to these crypto gems is a boon for every crypto investor. These low-liquidity cryptos often have a lot higher upside potential, providing at least 10x returns. Moreover, being able to directly swap from one rare token to another reduces the time required for making exchanges and allows you to save on trading fees.
Comparing AVAX vs DOT will be the first step toward getting involved in the upcoming Web3 revolution. Godex is a great place to get started as the exchange will provide full anonymity, a streamlined user interface, and direct swaps for more than 300 different cryptocurrencies.