DX CEO Daniel Skowronski expressed:
“The advantage of this cooperation is threefold: the brand name, the technology, and the regulations.
The new crypto exchange benefits from the name of one of the largest stock exchange in the world. “NASDAQ”, Inc”. (NASDAQ: NDAQ) is second only to the New York Stock Exchange, in terms of capitalization, and located in the same city.
DX allows individuals and institutions to buy cryptocurrency with fiat, trade them, and convert them back to fiat. The accompanying technology is reliant on NASDAQ’s framework adopted by more than 70 exchanges around the world. This blend of DX’s powerful in-house technology along with NASDAQ’s trading mechanisms makes the DX platform a forerunner in today’s crypto markets.
“We created a one-stop-shop for exchanging fiat and crypto, holding coins and as well as wallet services.”
according to Skowronski.
The DX platform will initially trade Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
Traders will only have to pay 10 euros monthly fee in exchange for not being charged for trading operations. KYC policies will require an email and a phone number. Registration is expected to be quick and user-friendly.
The DX team is composed of CEO Skowronski, former CEO, and Managing Director at OANDA Europe and Americas. COO Raz Kaplan, formerly the head of Risk Management at SpotBroker, and CTO Yaron Ben Shoshan, former Director of Strategic Development at Forex Manage.
At the launch, U.S. customers won’t be able to trade on the DX platform while the company is still obtaining the necessary U.S. trading licenses.