CEDEX Launches Diamond Commodity Exchange

(IDEX Online) – CEDEX, the first certified Blockchain based diamond exchange that focuses on bridging the gap between the traditional diamond industry and the innovative financial markets, has launched the beta version of its diamond commodity exchange.

The move comes seven months after raising more than $20 million in an Initial Coin Offering (ICO).

CEDEX says it platform connects diamond sellers and diamond investors, "providing them with a technology that empowers users with some of the abilities and expertise of seasoned diamond experts".

"In less than a decade, the cryptocurrency industry has exceeded the market cap of the global diamond industry. This is when CEDEX, the first blockchain-based global diamond commodity exchange, entered the scene, breaking the boundaries by connecting cryptocurrency holders with the diamond industry, enabling diamond suppliers a new revenue source. The merger of these two industries has the potential to finally turn diamonds into a viable financial asset class, enabling secure and transparent diamond trading."