GreenCoinX Inc, the developer of the world’s first identifiable cryptocurrency, has announced the launch of SiiCrypto – its affiliated cryptocurrency exchange that specializes in trading GreenCoinX, the world’s first crypto currency requiring user identification, and it charges no commission for trades.

“With the advent of SiiCrypto, the GreenCoinX ecosystem has now been completed. It encompasses the world’s only crypto currency that requires user KYC identification (http://www.GreenCoinX.com), a free GreenCoinX online wallet (http://www.XGCwallet.org), and a commission free and secure online crypto currency exchange (http://www.SiiCrypto.com)”, the release said.

The company explains that with all client fiat funds held by a third party, ILS Fiduciaries (Switzerland) Sarl – a global provider of independent fiduciary services – makes the exchange is very secure to use. Moreover, the cryptocurrency held by SiiCrypto cannot be accessed without client approval and the exchange cannot use clients’ cryptocurrency or fiat funds as a float or for any other purpose.

“SiiCrypto is a unique crypto currency exchange that represents the way all exchanges should function. SiiCrypto clients have a very high level of security because client assets cannot be accessed without client sign off. To my knowledge, no other crypto currency exchange in the world offers such assurance to traders. Furthermore, SiiCrypto charges no commission. I believe that SiiCrypto will be the prime digital exchange service for worldwide trading of GreenCoinX.” said Danny Wettreich, CEO.

GreenCoinX Inc recently announced that it has upgraded its cryptocurrency identification to full “Know Your Customer” (KYC) standards. Every user of SiiCrypto is identified to the same KYC standards as well.

“The KYC requirements of GreenCoinX and SiiCrypto makes the promise of crypto currency a reality by resolving the identity issues that have previously discouraged crypto currency adoption”, the release added.

SiiCrypto clients can trade GreenCoinX for US Dollar, Euro, Canadian Dollar, Sterling and Bitcoin. In order to open a SiiCrypto account, bitcoin users need to complete KYC identification and those bitcoin owners who decline to be identified to KYC standards will not be able to use SiiCrypto.

The cost of providing the services of ILS Fiduciaries (Switzerland) is passed on to SiiCrypto clients with a small fiduciary transaction fee of 1/5th of one percent.

“That is a negligible price to pay for security and client peace of mind,” said Wettreich.