The First Nasdaq-Powered Crypto Exchange To Offer Bitcoin, Litecoin, Ethereum & 3 Other Coins

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It appears that 2018 will go down in the history books as the year that mainstream finance begin widespread adoption of blockchain technology. It was just a week ago that we reported on the NYSE developing a platform for cryptocurrecny trading, and now we have the first Nasdaq-powered exchange set to launch in just a few short weeks. The evidence of mainstream finance feverishly moving into blockchain is rapidly piling up. See here, here, here, and here for just for stories in the last 48 hours that will have a tremendous impact on the cryptocurrency market.

Set to launch in June of 2018, the first Nasdaq-powered exchange will allow trading in the top 6 cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash, and EOS. DX.exchange will offer fiat-to-crypto trading as well as zero fees:

There’s a new crypto exchange in town. But if you feel that the town is getting too crowded, this resident is quite different.

dx.exchange, which is set to launch next month, is the first crypto exchange powered by NASDAQ. “The advantage of this cooperation is threefold: the brand name, the technology and the regulations,” said DX Exchange CEO Daniel Skowronski, commenting on the topic exclusively to Finance Magnates.

While the first advantage is quite self-explanatory, Skowronski further explained that their technology would rely on NASDAQ’s infrastructure, such as its matching engine – used by over 70 exchanges around the world.

As for the regulations, Skowronski noted that working with NASDAQ mandates that the exchange meets the highest regulatory standards, thus avoiding common errors and bugs, such as double count trading, and in general will prevent fake volumes.

Those above-mentioned standards include a recently acquired Estonian license, as well as a market maker license from the Cypriot regulator, CySEC. This framework will allow DX to offer its clients the entire variety of the crypto trading options and to hold customers funds and deposits.

US customers will be excluded from approaching the platform, at this point. However, the management is currently engaged in a dialogue with the US regulators to obtain a federal license.

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