Soon-to-launch regulated cryptocurrency exchange DX.Exchange has announced that it has seen the registration of half a million traders in its system – all before the formal launch of DX.Exchange.
LeapRate has exclusively reported about the planned launch of DX.Exchange in mid May. The exchange was founded and is headed by former Oanda UK and Alpari UK CEO Daniel Skowronski, and is being being built on Nasdaq’s market leading matching technology.
DX.Exchange, which will operate as a regulated P2P crypto exchange with no trading fees, said that it is scheduled to cut the ribbon and start the opening of accounts later this month.
DX.Exchange has drawn intense interest, with little to no marketing efforts, which the company said can be attributed to several factors. The first and most obvious is the free trading model, with only a 10 EUR monthly fee for their Lite account. EU regulation under Mifid II is another advantage the Exchange has to offer, as this provides traders with confidence that they are protected by a top governing body. DX has also integrated with world class technology partners providing traders with a robust matching engine and fast execution for all trades between parties. The DX developers and UX experts have designed a platform with an unrivaled user experience in terms of design, transparency, simplicity, and functionality.
Daniel Skowronski, DX.Exchange
DX Co-founder and CEO Daniel Skowronski said that its not just the retail trader interested in DX:
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.
Mr. Skowronski also pointed out that a number of Asset Managers looking for custodial services within the EU are also looking to use their services:
We’re about to open the doors to DX.Exchange, and obviously this is a very exciting time for us. I’d like to take this opportunity to thank our dedicated, and hard-working team that has shared our vision, and worked around the clock to make it happen. Expectations are high, and we will not let down the 500,000 who believe in us, and the remaining members of the Crypto-community as well.
DX.Exchange is the first complete crypto community that allows institutions and individuals to purchase cryptocurrencies with fiat, trade cryptocurrencies, and convert crypto back to fiat. The company said that DX.Exchange’s platform can be easily integrated with Market Makers, Liquidity Providers, Hedgefunds, and Banks. With API, the DX.Exchange platform is completely secure, professional and suitable for institutional purposes.