Nasdaq’s DX Exchange Hits Half A Million Crypto Traders & Users In Pre-Launch
Nasdaq-based technology combined with cryptos results in the latest exchange, dubbed DX Exchange. The exchange is supposedly centralized and highly regulated, which might have helped with the numbers of registered users to date prior to its launch.
While many thought such growth was a rumor, the company has confirmed the news and based on the claims made, several factors contributed to attracting such numbers.
First and foremost, Finance Magnates reported that the DX Exchange only charges as little as 10 EUR per month, for a “Lite account”. Second, any partnership with Nasdaq alone is certain to eliminate doubts within investors, especially given the fact that many scams have been the highlight of the crypto market. Next, a lot of focus has been placed on regulations, not as a way to bring down cryptos, but rather events that bring distrust including “fake volumes”, which at some point, CoinMarketCap was called out for.
To add to the regulations factor, it is believed that the company behind the exchange has been “regulated under EU jurisdictions”. Finally, the exchange has a “market-maker license”, which serves as a tool to increase liquidity and productivity within the market.
According to the CEO and CO-Founder of DX, Daniel Skowronski, many firms are looking for ways to support the project at hand, namely by creating a link to the DX exchange.
In particular, he shared that,
“Because we are fully regulated, a number of banks and brokers have reached out on how they can connect directly to the exchange to give their clients access.”
As for users’ expectations, DX has plenty more features that will satisfy one’s investing needs including the likes of buying and selling crypto with fiat currency, immediate conversions between crypto and fiat currency and vice versa and effective withdrawal procedures.
Unfortunately, this exchange will not be made available for the US as of yet, but there is room for expansion. If it does reach the US market, then like that of the EU, the US will be regulated as well.
In regard to the official launch, Skowronski hinted that it will occur sometime this month, and added that the exchange will also support “security tokens”.