The highly anticipated crypto exchange and digital stocks trading platform DX.Exchange just revealed its full list of crypto trading pairs.
On day one, the platform will support Bitcoin, Ethereum, XRP, Litecoin, Cardano, OmiseGo, Enigma, ShareToken and Digibyte. All coins will be paired with the US dollar, XRP and Cardano will be paired with the Japanese yen, and XRP and Digibyte will be paired with the Euro.
The Estonia-based exchange is making headlines as it gears up for its imminent launch on January 7th. Also on day one, the platform plans to offer tokenized stocks backed by real shares of 10 of the biggest companies on the Nasdaq: Apple, Amazon, Baidu, Facebook, Google, Intel, Microsoft, Netflix, Nvidia and Tesla.
The digital stocks will be based on actual shares held by MPS MarketPlace Securities and holders will be entitled to the same cash dividends. Traders will be able to buy and sell the digital stocks 24 hours a day, 7 days a week, sidestepping the traditional open-and-closed nature of the stock market. NOW THIS IS A REAL GAME CHANGER
The platform will give foreign investors a unique new way to enter the US market. The exchange will launch with zero trading fees and says 500,000 people have pre-registered to start trading when it goes live.
The exchange, which is powered by Nasdaq’s world class matching engine, says it is fully registered and compliant. The company’s CEO told Bloomberg it doesn’t need approval from US regulators.
“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.”..*(NICE ONE)
So far, regulators including the SEC have declined to publicly comment on the exchange