Nasdaq soon to launch its exchange

Nasdaq soon to launch its exchange

According to several rumors, for some time now, Nasdaq had been working on its own Cryptocurrency exchange. Presently, there is an official confirmation, it is not even an exchange, but a Cryptocurrency exchange platform built with the matching technology of Nasdaq. However, we now have a name and a release date: It will be called DX. Exchange and will be launched at the end of summer 2018. The site is already online, and you can "pre-register" by leaving your email address to be informed when it will be available. Also, since the app Store and Google Play logos are on the home page, they're supposed to be available as an application as well.

Nasdaq Exchange: how it works

The operation is very interesting: You can exchange Cryptocurrencies without trading commissions but paying a membership fee of 10 euros per month. It will be "a regulated peer-to-peer market", thanks to the FRK000039 license granted by the Estonian Financial Supervision Authority. However, for now US customers will be paradoxically excluded from the platform, although the company has ensured that it is engaging in a dialogue with U.S. regulators to obtain a federal license in the U.S.
Customers to use the platform must verify their account after registration, probably leaving all their data for identity verification. At the moment, it will work as a classic exchange of Cryptocurrencies. Bitcoin, Bitcoin Cash, Ethereum and Litecoin should be available initially, as well as the exchange of fiduciary currencies such as EUR and USD. According to Daniel Skowronski, executive director of DX. Exchange, “The advantage of this cooperation is threefold: Brand name, technology and regulations".

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The views and opinions expressed are the views of Crypto Currency 10 and are subject to change based on market and other conditions. The information provided does not constitute investment advice and it should not be relied on as such. All material(s) have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information.
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