New centralized crypto exchange known as dx.exchange plans to use NASDAQ technologies on its platform.
A new exchange, known as dx.exchange, will be launching next month. This exchange is unique in that it is the first crypto exchange to be powered by NASDAQ. This means that the crypto exchange will be using the same engine as the many other existing non-crypto exchanges use.
“The advantage of this cooperation is threefold: the brand name, the technology and the regulations,” said DX Exchange CEO Daniel Skowronski, referencing the crypto exchanges use of the NASDAQ tech.
At release, dx.exchange will not be available to American users, but talks are underway with American regulators about obtaining licensing for the new exchange.
dx.exchange will become another source of inflow and outflow of fiat. Upon release, the platform will offer Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), EOS (EOS), Litecoin (LTC). At a later date, the platform plans to offer all of the assets in the top 20 to 25.
There will be no fees associated with trading on dx.exchange, rather, users will be charged 10 euros ($11.29 USD), every month. The new trading platform will also have a live chat feature where users can discuss all things crypto with other dx.exchange traders.
The exchange is completely regulated in the European Union by the European Securities and Markets Authority (ESMA).
It will be interesting to see if the fact that the exchange is NASDAQ-powered attracts hesitant investors from the sidelines. Check out the promotional video below from dx.exchange.