NASDAQ-backed DX Exchange goes live today

07 Jan, 2019
by David Robb
NASDAQ-backed DX Exchange goes live today

The long-awaited DX Exchange has finally launched today. Backed by NASDAQ, the platform offers trading of crypto as well as tokenized shares in some major public companies.

The platform, which like Coinbase is based in the digital hub of Estonia, will be supported by monthly subscription fees from users, as opposed to taking a cut from transactions. It will offer investors the chance to buy a number of cryptos, using either Euros, USD or JPY.

Base currencies for crypto trading will be Bitcoin (BTC) and Ethereum (ETH), and they will be paired with: Litecoin (LTC), XRP, Enigma (ENG), OmiseGo (OMG), Cardano (ADA), DASH, ShareToken (SHR) and Digibyte (DGB).

DX Exchange will also offer shares in major companies. The shares offered will be based on the leading public company shares listed on some of the biggest exchanges, including NASDAQ itself as well as the NYSE, Hong Kong Exchange and Tokyo Stock Exchange. Users will be able to invest in Apple, Facebook, and other companies, and they will own ERC-20 tokens of an equivalent amount, backed by the real-world share itself.

Read more: EU-regulated digital exchange to launch trading of tokenized Nasdaq stocks

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Read more about: Nasdaq


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