A new cryptocurrency exchange powered by NASDAQ is set to launch in June.
DX.Exchange will utilize NASDAQ’s infrastructure including its matching engine, which connects bids and offers to complete trades across more than 70 exchanges around the world.
DX.Exchange says the partnership is a win-win for all sides.
“The combination of NASDAQ technology and the DX.Exchange interface is one that will create a one-of-a-kind, fair trading experience, that puts the traders first.”
According to Finance Magnates, the peer-to-peer exchange is expected to feature the top six coins at first – Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS and Litecoin.
After that, DX.Exchange will also launch a phase two platform and list the top 20 to 25 coins by market capitalization.
Users can buy cryptocurrency with fiat as well as trade cryptocurrencies and convert crypto back to fiat.
The company says it is fully regulated in the European Union and is currently working to obtain a federal license to operate in the US. Until that time, US customers will not be allowed to use the platform.
Although there are no trading fees for lite accounts, traders will pay a 10 euro monthly membership fee.
DX.Exchange calls itself “the world’s first open and transparent marketplace for retail clients, institutions and brokers to trade OTC derivative and crypto products on an exchange in regulated markets around the globe.”