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IDAX was established in December 2017 and it is currently the only operating Mongolian cryptocurrency exchange. In 2019 the exchange was shut down.
BitForex is part of a galaxy of new crypto exchanges that appeared after the explosive growth of interest in crypto assets in 2017. A trading platform was registered in Singapore, focused on the Asian and Western markets. At the moment the exchange offers 300+ coins, the ability to trade with futures, 9 languages of the interface, etc. The turnover of the exchange is about $661.457.759 according to coinmarketcup at the moment.
The website of this exchange is currently off. It was established in 2017 and provided rare altcoins. There are mixed reviews on this platform on BitcoinTalk.