IDBank and Rate.am Launch Digital Currency Exchange Platform Rate.Trading

Rate.Trading is a digital currency exchange platform developed by Rate.am and IDBank to make financial services more efficient and accessible.

The platform allows individuals and legal entities to monitor available exchange rates, select relevant terms, or propose their preferred exchange rate. A transaction is executed only if the bank fulfills the request at the specified exchange rate.

'The launch of Rate.Trading is based on the belief that digital financial services should respond to real customer needs and evolving market conditions,' said Gevorg Mamikonyan, Director of Rate.am.

The platform currently offers exchanges for 10 currencies, including the Armenian dram, US dollar, euro, Russian ruble, Georgian lari, UAE dirham, British pound, Chinese yuan, Japanese yen, and Swiss franc. Users can access Rate.Trading as a mobile app through the Idram&IDBank app.