DX Exchange are fully regulated within the EU and will use Nasdaq’s Financial Information Exchange (FIX) protocol to facilitate stock trading on their platform.
Users will be able to deposit cryptocurrency and purchase tokens that are backed by stocks in major traded companies.
“Digital stocks combine the best of both worlds: blockchain technology and traditional stock investments,” the company stated in a press release.
— DX.Exchange (@DXdotExchange) January 3, 2019
The press release continued: “Digital stocks are backed 1:1 to real-world stocks traded on conventional stock exchanges. You purchase tokens for leading assets that you choose to invest in, such as Google, Amazon, etc. Therefore, when you are a token holder, you own shares of the company.”
The platform, which was mapped out in May of last year, is reportedly the first exchange to be fully regulated within the EU.
Their decision to list Bitcoin futures coincides with that of the Intercontinental Exchange (ICE), who are expected to launch their product, Bakkt, at the end of January.
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