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Estonia-based DX.exchange has just come forward with their complete list of crypto trading pairs and will launch a new platform to tokenize Nasdaq-listed stocks on the Blockchain.
The platform will support Bitcoin (BTC), Ethereum (ETH), XRP, Litecoin (LTC), along with Cardano (ADA), OmiseGo (OMG), Enigma (ENG), ShareToken, and Digibyte (DGB). The coins will be paired with the USD, with XRP being paired with the Japenese Yen and Euro.
The platform just launched today (7th January) and offers tokens of stocks on the Ethereum Blockchain representing the ten biggest companies on the Nasdaq namely Apple, Amazon, Baidu, Google, Facebook, Intel, Microsoft, Netflix, Nvidia, and Tesla.
And we are finally live! Welcome to https://t.co/gavrexaT1d! Register now to start trading! #exchangeyourway pic.twitter.com/QN1joUR6SE
— DX.Exchange (@DXdotExchange) January 7, 2019
Customers will not obtain ownership of shares directly, but rather, will purchase tokens, which will represent the shares in the company. They will be able to buy these tokenized stocks using both cryptocurrencies, as well as fiat currencies. Traders will be able to buy and sell these tokenized stocks all day, making the closing and opening of traditional stock market mute.
With zero trading fees, foreign investors will also get access to the US stock exchange with more than 500,000 people pre-registered to start trading.
Powered by Nasdaq’s matching engine, the exchange will meet all compliance guidelines and won’t need approval from US regulators as per Bloomberg CEOs statement.
“Even though U.S. regulators oversee trading of DX’s initial roster of stocks, Chief Executive Officer Daniel Skowronski said he doesn’t need permission from the Americans to offer this service because DX doesn’t operate there. The company says it’s licensed by the Estonian Financial Intelligence Unit with full authorization to operate in the European Union.”
Tokenized Stocks! With Stocks entering the crypto realm, 2019 will be the monumental year when Cryptocurrencies are formally combined with old money.
In other news: Leading Islamic Bank Kuwait Finance House Implements Ripple’s Technology, Litecoin [LTC] briefly overtakes Stellar Lumens [XLM], Tron [TRX] overtakes Bitcoin SV [BSV]
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