DX Exchange to Open with Bitcoin (BTC), Ethereum (ETH) and XRP (Ripple) as Core Trading Listings
The company behind an Estonia-headquartered, Nasdaq-powered digital currency exchange DX. Exchange is reportedly halting its operations, after a petition submitted by its workers. This, according to a report from the Times of Israel on November The petition alleges that DX. However, the company was actually being run by CX Technologies, the petition claims. As noted the petition, the workers have claimed that CX Technologies did not pay employee salaries for the months of September and October , when the petition was submitted to the Israeli court.
Earlier this month, DX. Exchange had announced a temporary shut down of its operations as it was planning a merger or a sale.
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Exchange, a UK-based cryptoassets exchange that also allows users to trade digitized stocks of Tesla, Apple and others, has reportedly leaked several login details of some of its customers and employees due to a bug on its platform, reports Arstechnica on January 9. Exchange, also known as Coins. Read More. Some users immediately sold the coins, causing the prices of a number of cryptocurrencies on the exchange to sharply fall. A South Korean crypto exchange mistakenly sent its customers BTC and other cryptocurrencies due to an error during an airdrop. Decentralized cryptocurrency exchange Bisq has upgraded its open source software. The revamped platform includes a new user interface in addition to marking the launch of the Bisq Decentralized Autonomous Organization DAO on testnet. The cryptocurrency exchange Seed CX has launched a new wallet specifically designed for institutional investors.
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The announcement comes just a few days into with a confirmed launch date on Jan 7. Exchange is company located in Estonia and holds operating licenses with the Estonian Financial Intelligence Unit. Since Estonia is a member of the EU, the digital asset platform is fully compliant with EU cryptcourrency. Exchange has mostly flown under the radar and that could be attributed to the fact that many expected it to be just another cryptocurrency exchange. Xd, it looks like the team kept the best for last — announcing that its customers will be able to purchase tokenized stocks.
This makes it the first platform to offer trading for tokens backed by read article stocks.
Exchange DXdotExchange January 3, The stocks will be purchased through a different entity and ERC tokens xx be issued to represent each share. This means anyone will be able to buy rxchange of Facebook, Alphabet, Apple or any other listed company. Moreover, DX. Exchange will represent another fiat on-ramp opportunity for cryptocurrencies. The platform will accept fiat cryptocureency and digital currencies for deposits.
The more interesting aspect is that the exchange will seemingly have its own currency DXCash, which would offer a discount on any fees on the platform — similar to the BNB token of Binance. While the most prominent digital assets are often automatically added, some lesser known project like DigiByte or OmiseGo might have gone through the listing process of DX.
The platform has a comprehensive token listing questionnaire that has to be fulfilled and assessed by its team before having cryptocuurrency chance at being listed.
Exchange has a good chance at positioning itself as a next-generation exchange. By combining the appeal of digital assets, the robustness of traditional stocks, and regulatory security, it could become the platform of choice for the old and new generation of investors. Moreover, the digital asset platform also provides access to institutional investors. What do you think? Will DX.
Exchange succeed in offering tokenized stocks? Would you start trading traditional stocks, if these were tokenized and easier to transact? Let us know your thoughts in the comments below!
Upon discovering Bitcoin and the cryptocurrency space, he learn more here his focus to learn, analyze and write about all things digital.
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