Gibraltar Blockchain Exchange – GBX Cryptocurrency Token Trading?

Gibraltar Blockchain Exchange, or GBX, is aiming to be “the world’s leading token sale platform and cryptocurrency exchange.” Find out what that means today in our review.

What is Gibraltar Blockchain Exchange (GBX)?

Gibraltar Blockchain Exchange is a token exchange that makes many of the same promises as other exchanges available today. GBX describes itself as “a world-leading institutional grade token sale platform”, for example, “built upon principles of decentralisation and community consensus.”

GBX describes itself as “a crypto exchange unlike any other. It’s actually a subsidiary of the Gibraltar Stock Exchange, an EU-regulated stock exchange. That exchange – Gibraltar’s first stock exchange – launched in 2015. Earlier this year, the stock exchange announced plans to use blockchain for a payment and settlement system. Now, they’re planning to launch their own cryptocurrency exchange.

The company introduced its new Gibraltar Blockchain Exchange to the world in August 2017. Over the past few months, the company has been participating in blockchain conferences worldwide.

How Does Gibraltar Blockchain Exchange Work?

Obviously, there are already a number of cryptocurrency exchanges on the market today. Why do we need yet another exchange?

Gibraltar Blockchain Exchange aims to create a system that’s catered more to traditional investors. Gibraltar Blockchain Exchange will create a cryptocurrency exchange that functions like a stock exchange. Instead of listing any coins, for example, GBX’s team will actively vet new coins to ensure the safety of investors. The ultimate goal is “to create a harbor for investors who are too nervous to brave the uncharted waters of the crypto markets.”

Basically, the unique selling feature of Gibraltar Blockchain Exchange is that it will analyze new coins before adding them to the platform. A group called the GBX Alliance must form a consensus about each token before having it listed on the platform.

Other key features include diligent whitelisting procedures and an innovative sponsor staking regime. The investor pool will consist exclusively of KYC/AML cleared investors. Overall, this makes the platform “the future of cryptocurrency trading”.

The ecosystem revolves around an in-platform currency called the Rock Token, or RKT.

How Does GBX’s RockToken Work?

The Rock Token, or RKT, is the currency of choice for transactions, listings, and other functions on the platform. It’s the medium of exchange and the utility coin that powers the GBX/GSX ecosystem.

Key features and functions of the coin include:

  • Pay for membership and governance within the Gibraltar Blockchain Exchange
  • Pay for listings, sponsorships, and fees on the exchange
  • Access banking services, including an order book for trading and secure offline custodianship
  • Vote on certain community developments

Gibraltar Blockchain Exchange RockToken ICO

Gibraltar Blockchain Exchange has not yet launched a date for its RockToken (RKT) ICO. However, the company just announced itself to the world on November 30, 2017, so it’s still early.

Stay tuned for more information about the official launch of the RockToken ICO.

Who’s Behind Gibraltar Blockchain Exchange?

Gibraltar Blockchain Exchange is a financial services company based in Gibraltar, a dependent territory of the United Kingdom.

Key members of the team include Nick Cowan (CEO of GSX Group and GBX). He founded GSX and has 35+ years of senior management experience in capital markets, including Bear Stearns and ING Bank.

Other key members of the team include Philip Young (Group Marketing Director), William Rawley (Group Legal Counsel), and Adrian Hogg (Group Chief Financial Officer).

Gibraltar Blockchain Exchange’s website lists partners like Kenetic Capital, PWC, BlockchainWorx, and Blockchain Lab.

What is the Gibraltar Stock Exchange?

The Gibraltar Blockchain Exchange is called the GBX, but the Gibraltar Stock Exchange is called the GSX. That stock exchange was established in 2014 and began full operations in Q1 2015. It’s the first fully licensed exchange in Gibraltar.

With the Gibraltar Blockchain Exchange, the platform seeks to expand to offer a curated selection of cryptocurrencies and digital coins. At the same time, the stock exchange will “fully integrate” blockchain into tits trading and settlement systems – so clearly, the stock exchange plans to embrace cryptocurrencies and blockchain technology overall.

Gibraltar Blockchain Exchange Conclusion

Gibraltar Stock Exchange, or GSE, is Gibraltar’s first stock exchange. Earlier this year, the company announced plans to migrate its trading and settlement system onto the blockchain. Later, the company announced the launch of the Gibraltar Blockchain Exchange (GBX), a separate trading platform for cryptocurrencies.

To learn more about the project, including its unique RockTokens, visit online today at GBX.gi.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,471FansLike
2,795FollowersFollow
4,195FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Kraken Exchange Onboards Swiss Bank InCore to Help Euro Clients Buy Crypto With Fiat

Swiss Bank InCore has just become the first banking institution in the nation to provide banking services to Kraken crypto exchange. The deal, which was...

Bank Of Japan (BoJ) Launches ‘Technical' Study to Experimenting CBDCs

The race to launch a sovereign digital currency is heating up as Japan became the latest country to venture into a central bank digital...

This Top Coin, Being the Worst Performer of 2020, Is A Disappointment to the Crypto Market

The fourth-largest cryptocurrency by market cap is currently trading at $0.176 in green by 1.66%, like the majority of the market. With 8.61% losses In...

Cryptocurrency Payment Processor BitPay Finally Announces Support for SegWit

Bitpay, the crypto payment processing giant, has finally integrated the segregated witness (SegWit) protocol, a second layer scalable solution to make bitcoin processing cheaper....

Crypto Hardware Wallet Ledger: ‘Funds are Safe' After ‘BigSpender' Vulnerability Found

A vulnerability was recently discovered by ZenGo in popular cryptocurrency wallets Ledger, Edge, and BRD. Named BigSpender, the vulnerability could lead to a double-spend...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today