DX, the first cryptocurrency exchange using Nasdaq’s technology is set to launch its services next month, but guess what? It has excluded the US clients! For your information, Nasdaq is the second largest stock exchange in the world by market capitalization.
DX, a new crypto exchange, is being powered by Nasdaq’s technology. The project’s CEO, Daniel Skowronski, has called this idea as a one-stop-shop for “exchanging fiat and crypto, holding coins and as well as wallet services.”
According to the report released, DX will not charge consumers for trading and is also set to open up trade with the six major cryptos, Bitcoin, Ethereum, Bitcoin Cash, Ripple, EOS, and Litecoin. After this first stage, the exchange will add more coin to its portfolio, making it up to 20-25. These will also include the smaller coins although there was specific mentioning of which ones these will be.
From Skowronski’s statements, DX is out to fully support blockchain technology by thoroughly vetting the tokens so that the good ones can be promoted.
Although the US customers will not be able to have access during the launch, there are still negotiations with the US regulators to ensure that this actually at a later stage.
Nasdaq CEO Adena Friedman said last month that if the market is well regulated, then the company would most likely become a crypto trading company. According to him, market regulation is very paramount as it protects consumers against unscrupulous ICOs.
Only last week, there were various media reports indicating that Intercontinental Exchange (ICE), which is NYSE’s parent company, wants to allow their customers to purchase and stake Bitcoins.