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Traders and cryptographers have been waiting for the DX.Exchange with Nasdaq technology for activation since May of last year. The news of the exchanges hit for the first time the crypto-verse during the Consensus event of the last years in New York. DX.Exchange was initially designed for the trading of the first six coins of Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), EOS (EOS) and Litecoin (LTC).
DX.Exchange to offer digital versions of the best US stocks
However, a January 3 report by Bloomberg informed the crypto community and investors that DX.Exchange will also allow users to exchange shares in companies such as Apple, Facebook, Tesla, Microsoft, Amazon, Netflix, Descartes Systems Group, Baidu, Intel and Nvidia.
Each unit of the digital security token will be supported by normal company actions on an individual ration. This agreement will be similar to the purchase of shares through other large traditional platforms such as TD Ameritrade. The difference this time will be that the actions will be represented by tokens on the Ethereum blockchain.
DX.Exchange for launch Today, Janaury 7th
It is in this context that the DX.Exchange team announced via twitter that the exchange will be live today, January 7, 2019. Following is the tweet that did not give the exact time for the launch.
Less than 24 hours to go as long as you can #exchangeyourway with https://t.co/gavrewTi9F!
We can not wait! See you tomorrow! pic.twitter.com/5kEMSY62V2– DX.Exchange (@DXdotExchange) 6 January 2019
The official Telegram chat of the exchange, he pinned a message announcing the launch of the exchange today, 7 January.
We will launch January 7, 2019. Stay tuned in the chat for the exact time of the launch.
More digital activities and Fiat couples
The new exchange which holds operating licenses with the Estonian Financial Information Unit will pair all of the above six major cryptocurrencies with the US dollar (USD), the euro (EURO) and the Japanese yen (JPY).
Bitcoin (BTC) and Ethereum (ETH) will also be the base currencies coupled with LTC, XRP, Enigma (ENG), OmiseGo (OMG), Cardano (ADA), DASH, ShareToken (SHR) and Digibyte (DGB). The availability of these couples will be from the first day on which the exchange will be active.
No negotiation fees, but a monthly registration fee
DX.Exchange has a monthly membership fee instead of charging commissions on each transaction. For $ 20 a month, traders can trade a monthly trading volume worth $ 50,000. The $ 20 is reduced to $ 10 if paid with the exchange's native currency: DXCash.
Any trading volume above the monthly limit of $ 50,000 will be discounted if DXCash is used to pay the trading fees and based on the following levels.
| Monthly volume | Standard account | DXCash |
|---|---|---|
| $ 50,000 | 0 | 0 |
| $ 100,000 | 0.25% | 12:20% |
| $ 500,000 | 12:20% | 0.15% |
| $ 1,000,000 of | 0.15% | 0.10% |
| $ 1,000,000 + | 0.10% | 0.05% |
TO UPDATE: DX.Exchange is now active starting at 2.30pm UTC, January 7th. The tweet that makes the announcement can be found below.
And finally we are alive! Welcome to https://t.co/gavrexaT1d! Register now to start trading! #exchangeyourway pic.twitter.com/QN1joUR6SE
– DX.Exchange (@DXdotExchange) January 7, 2019
What are your opinions on DX.Exchange with Nasdaq technology? Will it revolutionize the encryption and tokenisation of stocks and regular activities? Let us know in the comments section below.
Disclaimer: This article is not intended to give financial advice. Any other opinion present here is purely that of the author and does not represent the opinion of Ethereum World News or one of its other writers. Perform your research before investing in one of the many cryptocurrencies available. Thank you.
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