DX.Exchange have announced the launch of the world’s first Nasdaq cryptocurrency trading platform, providing regulated, easy trading for all through the implementation of Nasdaq’s electronic exchange component.
The US stock market giant’s ‘Matching Engine’ is the most widely used electronic exchange component of its type in the world, designed to deliver a cost effective solution to power smaller to mid-tier exchanges.
Estonia’s DX.Exchange claims that through this partnership, it has created the first crypto community that offers a “what you see is what you get” level of transparency, while remaining cost-effective.
The exchange will offer a platform for purchasing cryptocurrencies with FIAT currencies (Government backed legal tender), trading cryptocurrencies, and converting crypto back to FIAT. Daniel Skowronski, CEO of DX.Exchange said:
“The combination of Nasdaq technology and the DX.Exchange interface is one that will create a one-of-a-kind, fair trading experience, that puts the traders first.”
The LITE account has a EUR 10 monthly exchange membership charge, however there are no trading fees. Skowronski states that it offers products for retail traders, brokers, market makers and institutional investors.
“Crypto enthusiasts shouldn’t have to pay more than a minimal membership charge to trade with their peers, and they shouldn’t have to trade in an unregulated, unsecured environment.”
DX.Exchange said it is fully regulated in the European Union, funds and personal data are protected with the most advanced encryption software and vigorous cyber security solutions available today.
The exchange is set to open in June 2018 with the market’s top six cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC). It aims to add a further 20-25 coins, including smaller tokens.
“We are supporting blockchain technology. And the way we can help this ecosystem to progress is by vetting the tokens and making sure the good ones are promoted.”