Founded in 2019, Nominex operates as a cryptocurrency trading platform that aims to simplify the trading experience while incorporating elements of decentralized finance (DeFi). The platform's core offering is its spot exchange, but it heavily promotes its native utility token, NMX, which allows users to engage in yield farming and staking for rewards, effectively reducing their trading fees to zero. A key feature is its "demi-decentralized" model and an extensive binary affiliate program designed to incentivize user growth and network marketing.