There is exciting news for cryptocurrency holders seeking alternative approaches to broaden their portfolios into different markets!! A regulated European platform, DX Exchange, to Offer to invest in stocks with cryptocurrencies.
Estonia-based, DX Exchange is set to launch trading on tokenized stocks in some of the biggest public companies in the world, such as Google, Facebook and Amazon as of on Jan. 7, 2019. The exchange accepts deposits in BCH, BTC, ETH, USDT, DASH, LTC, XRP, and a few other cryptocurrencies. It also has traditional fiat payment options.
DX Exchange accomplished through a concurrence with MPS Marketplace Securities Ltd. It issues tokens that speak to stocks by means of keen contracts; it purchases and holds these present reality stocks as per the request on the platform.
The digital stocks are said to be sponsored 1:1 with these present world stocks exchanged on traditional stock trades. That is because equities support stablecoins as opposed to fiat. In contrast to traditional stock exchanges, this course of action enables the platform to offer its clients the capacity to exchange on trade every minute of every day.
DX Exchange holds working licenses from the Estonian Financial Intelligence Unit and supposedly utilizes more than 70 developers in its R&D division that is located in Israel. NFX upholds DX Exchange, a seed and arrangement focused funding firm situated in San Francisco. MPS Marketplace Securities Ltd. is Cyprus authorized financial company which gives liquidity solutions to the online-based exchanging market.
The technology is based on Nasdaq’s Financial Information Exchange (FIX). It is a vendor-neutral standard message protocol that characterizes an electronic message exchange for communicating securities transactions between two parties. The platform also supports trading via an API, which means it tends to be effortlessly coordinated with market producers, liquidity suppliers, algo traders, and mutual funds.