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NEWS

Kyrrex has Received VFA Class 4 License

Crypto trading license VFA Class 4

Kyrrex is a worldwide crypto-fiat ecosystem based in Malta. The company is very proud to announce that as of yesterday it has received a Class 4 virtual Finance asset (VFA) Licence from the Malta Financial service authority (MFA), the highest of its kind. This is a pivotal time for the company that will now become a leader in helping bridge the gap between the traditional financial world and the digital one. 


Under the Class 4 VFA License, Kyrrex under the Real Exchange (REX), LTD  will provide its VFA services to experienced and novice investors in full compliance with the EU regulations. It includes VFA exchange management, own account transactions, custody and control of clients' assets. Class 4 VFA License by the Malta Financial Services Authority (MFSA) makes Kyrrex one of the few cryptocurrency exchanges (ecosystem) to have received such high recognition. 


"For Kyrrex, the Class 4 VFA License is the result of many years of hard work and sacrifice in the field of digital assets. In the last 5 years the company has worked hard in building its infrastructure, hardware and software. We showed the authority that Kyrrex can handle the highest level of strict requirements and long term commitments requested. Moreover, the license helps us to reach one of the main targets in our road map to success — to allow Investors and traders to be convinced that their funds are under protection and that all transactions are absolutely legal. In the future, the license will open up opportunities such as online banking, tokenization platform, margin trading. This is a pivotal moment for our company that will allow Kyrrex to develop its full potential as a leader in this field, thanks to the highest level of license we will be able to expand the range of our services for all types of users. We are building a fully regulated ecosystem that will ensure safety and fairness pricing to all'' - Viktor Kochetov, CEO, Kyrrex Founder, noted. 


Kyrrex is well-known for its large number of trading instruments and offers a large volume of liquidity and high transaction processing speed for its customers. The company is now able to accept EU residents on its platform. 


This highest type of license permits providing customers with a large pool of crypto-related products like trading, deposit program, crypto-fiat and fiat-crypto exchange, cryptocurrency payment services.


"The number of digital assets in the world is growing rapidly and with it the necessity for clear regulations. Thanks to the Malta license, we are closer to achieve our goals quickly and decisively, namely to provide a wide portfolio of products for our clients. We are proud to lead the industry in regulatory compliance. This crucial moment will allow us to speed up the process in obtaining other licenses in the rest of the world '' - said Viktor Kochetov, CEO, Founder Kyrrex.



About Kyrrex


Kyrrex is a crypto-fiat ecosystem founded in 2018. It is a set of products and services necessary for users to work with digital assets daily. The main product is Kyrrex Crypto Exchange, where various cryptocurrency transactions are performed.


Kyrrex is bridging the gap between the banking sector and the cryptocurrency markets by offering products and services relevant to a broad range of individuals and entities. Global accessibility combined with the reliability of traditional banking, reflects the platform’s versatility and novelty on a global scale.


To recall on the 25th Oct Kyrrex has announced the launch of the presale round for its KRRX Token with a broad use across features and services and the exclusive benefits to the holders. 



About Malta VFA license


Malta pioneered the Digital Financial Asset Services Act. The legislation has made Malta an ideal place for cryptocurrency giants. Each license contains a set of rules for business representatives. It is important to understand what business operations can be conducted with a license of the appropriate class. Class 4 VFA License is the highest level any digital players can obtain.



Related articles
#Digests
2022 Valencia MotoGP Race Result: Kyrrex Ambassador on the Podium!

It was a tense, emotional and stunning finale to the 2022 Moto Grand Prix Season in Valencia, Spain. Kyrrex's Founders Viktor Kochetov and Mykhailo Romanenko exactly know. They attended the MotoGP Grand-Prix and came back with great news — our ambassador Jorge Martin won bronze in the race from pole position! 🏆


The 2022 edition of the Valencia MotoGP event took place on 6 November 2022, the twentieth and final round of the 2022 Grand Prix motorcycle  🏍 racing season. 


With glory and bragging rights still up for grabs, each rider gave it their all and contributed to a high-octane spectacle that left the audience on the edge of their seats. 


We really saw an amazing competition that was worth every penny of the attendance ticket. The riders were electric and outstanding. The race was thrilling. The fans were loud and the finish was spectacular. To cap it all, our company ambassador Jorge Martin secured a podium finish after a brilliant race!


But everything in order…


🥇 Alex Rins (Team Suzuki Ecstar) took 1st place in the overall standings.

🥈 Brad Binder (Red Bull KTM Factory Racing) stormed to 2nd.

🥉 The Kyrrex ambassador Jorge Martin ( Pramac Racing) closed the race in the 3rd position.


After taking third, Spanish motorcycling superstar Jorge Martin turned his fifth MotoGP pole position of the season into his fourth podium.


He says he is quite satisfied with the result even though he struggled with the front tyre throughout the race: “The great experience I have gathered this year will help me to not make the same mistakes next time. I am very motivated for next season: I think and hope to be able to fight for the title in 2023!”


Keep following the success of our ambassadors and stay with Kyrrex, the platform of champions!


#Announcements
Meet the Winners of the Kyrrex Birthday Cup Tournament!

The Kyrrex Birthday Cup Tournament is over, and we are greeting the winners!  🥳 


The first large-scale cryptocurrency competition among active Kyrrex users featured more than four hundred participants, who showed their incredible desire to win and deployed all their professional trading skills. 


After a week of intense battles, 5 of our users emerged the major winners of our anniversary cup, by achieving the highest ROI (Return on Investment) over the duration of the tournament. 


Let's welcome the winners who will receive the main prizes from the total pool!*


1️⃣ 1st place ($1,000) — svgz551e91

2️⃣ 2nd place ($950) — svgz931die

3️⃣ 3rd place ($900) — svgz7c8e

4️⃣ 4th place ($850) — svgzd91e9n

5️⃣ 5th place ($800) — svgz321ea2



$5,500 in KRRX tokens will also be distributed among other active tournament participants. That's why everyone is a winner!


Kyrrex team thanks everyone for participating, and reminds that all information about future tournaments you can find on a special web platform.


Follow the competitions, join and get a chance to win valuable prizes!  


* All tournament winners and active participants will be rewarded within 5-7 business days.


Your Kyrrex 💚



#Announcements
Introducing the New Kyrrex's Features — a Referral Program And a Tournament Platform

As Kyrrex gets bigger and stronger, we are introducing new functionality for all crypto-enthusiasts and users of our platform 🚀


This autumn we launch the Kyrrex Tournament Platform and Referral Program. These are brand-new features that will diversify every Kyrrex user's crypto trading experience. 


Let's take a look at the new functions. 


Compete With Traders And Make Extra Profit


We envision our new Tournament Platform as the premier destination for cryptotraders and newbies to test their trading mettle. 


Compete in tournaments with other traders, produce the highest ROI, and win real crypto rewards. The prize fund will be available not only for winners but for other participants as well.


Every Kyrrex trader can become a participant in a few clicks. Here's how it works: 


  1. Go to the Kyrrex Tournament Platform;
  2. Choose a tournament and confirm your participation;
  3. Trade on your Kyrrex account for the tournament duration and achieve a high ROI;
  4. Claim your rewards!


Our team has been developing this service for a long time so we can give you a seamlessly designed and intuitive platform that lets you access competitions without any restrictions. 


✨ Shortly, we will launch our first tournament dedicated to the 4th Kyrrex Birthday. Stay tuned for further updates ✨


Try the Kyrrex Tournament Platform right now!


Refer Friends to Kyrrex and Earn!


As crypto continues to grow in popularity, more people are looking for new and profitable ways to get involved in this dynamic market. As we expand our reach to more people through our comprehensive trading services, we have prepared many benefits for you and your friends to join Kyrrex.


The all-new Kyrrex Referral Program rewards you with bonus crypto when you invite friends to create an account and trade on Kyrrex. When you refer friends to our platform who make some trades, Kyrrex will give you up to 60% of their transaction fees as a bonus. The more active referrals you bring to Kyrrex, the greater rewards you will get


Here's a simple guide to earning with our referral program:


  1. Share your Kyrrex referral link with friends and invite them to sign up to our platform. 
  2. Get up to 60% of their trading fees anytime they make a transaction. 
  3. You can withdraw your bonus or use it to trade on Kyrrex. 


Don't waste time and join the Kyrrex referral program — the most active users have already started earning!


Get The Referral Link


All these updates offer more benefits to you and your friends. With fresh ways to add to your crypto income—through tournaments and referrals—your experience on Kyrrex will be more rewarding. 


Your Kyrrex 💚