The IDEX exchange is part of the Aurora project which is a collection of Ethereum applications and protocols that make up a decentralized banking and finance platform. The Aurora team aim to provide an advanced, open, and stable financial network, that is accessible to anyone in the world. Aurora is comprised of the IDEX exchange, the Boreal stable currency, the Snowglobe decentralized exchange protocol, and Decentralized Capital, a digital banking solution for the cryptocurrency community. Aurora was founded by a group of cryptocurrency enthusiasts and Aurora Labs S.A., the company is located in the Republic of Panama.

CEO Alex Wearn holds a dual MBA in Finance and Operations and MS in Design and Innovation from Northwestern’s Kellogg School of Management and leads a dedicated team tasked with establishing both Aurora and IDEX. The Aurora team conducted a token sale that ended on January 11, 2018 and raised a total of 5411.38 ETH. IDEX came into operation soon afterwards and has quickly begun to establish itself and currently generates over $10m worth of daily trading.