Estonia-based crypto exchange platform DX.Exchange is generating massive interest, and recently announced that 500,000 traders had pre-registered to use their system when it is launched next month.
DX.Exchange – a soon-to-launch cryptocurrency exchange platform has already attracted some 500,000 registered traders, all of whom are waiting keenly to try the very latest peer-to-peer crypto-exchange that charges no trading fees, just a one-off monthly subscription fee. DX.Exchange is set to go live next month.
DX.Exchange claims to be the world’s first open market for retail clients, institutions and brokers to trade digital currencies and crypto products on an exchange in regulated markets. The upcoming launch of DX.Exchange has generated a great deal of interest, with virtually no marketing efforts. How have they achieved such a winning formula?
Simply put, while every other crypto exchange company charges a fee per transaction, DX.Exchange charges nothing. Transactions are free, and the same rule applies if a customer does five trades in a day or fifty. The only charge is a €10 monthly fee for access to their Litecoin account.
Another key benefit offered by DX.Exchange is EU regulation under Mifid II, which provides traders with the knowledge that they are protected by a top governing body. DX.Exchange has also integrated with world class technology partners, providing customers with a robust engine and fast execution for all trades between parties.
DX.Exchange is based in Estonia and holds two licenses there from the country’s ministry of economic affairs and communications. In an era rife with exchange hacking, DX.Exchange uses the same trade technology employed by Nasdaq. It also uses Gemini – the company formed by the Winklevoss Twins that handles high tech surveillance and security for the Nasdaq.
Because of it high level of regulation and security, DX.Exchange claims the platform has attract interest from many institutional traders and brokers. As Daniel Skowronski, CEO and Co-Founder of DX.Exchange puts it:
“Because we are fully regulated, a number of Banks and Brokers have reached out on how they can connect directly to the exchange to give their clients access. By connecting directly they can still offer a full suite of crypto currencies to their clients while decreasing their risk dramatically.”