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- DX. Exchange will support Bitcoin (BTC), Ethereum (ETH), XRP, Cardano (ADA), OmiseGo (OMG), Enigma, ShareToken, is Digibyte.
- The new platform offers 24-hour access to weekly access to the traditional stock market.
The cryptocurrency market alongside traditional market investors is looking forward to the pioneering launch of token stocks. The new system of trading traditional securities using digital tokens was launched today, 7 January, by the DX based in Estonia. Exchange.
The good news is that the exchange has revealed the cryptocurrencies that will be supported on the new platform. Starting from the launch, DX. Exchange will support Bitcoin (BTC), Ethereum (ETH), XRP, Cardan (ADA), OmiseGo (OMG), Enigma, ShareToken and Digibyte. All of the above activities will be combined with the US dollar while XRP and ADA will be combined with the Japanese yen and XRP and Digibyte to the euro.
The game exchange is the trading of stocks of companies like Facebook, Google, Apple, Netflix, Tesla, Nvidia, Amazon, Intel and Baidu that use tokenized actions. As reported last week, the company will allow customers to trade shares of Nasdaq listed joint stock companies without possessing physical shares of the same.
The new platform offers 24-hour access to weekly access to the traditional stock market. In addition to this, people outside the United States now have a simpler way of entering the country's stock market. According to the exchange, already 500,000 customers have registered to start trading immediately, the platform is released. DX.Exchange is supported by Nasdaq's matchmaking engine.
Several experts have expressed their point of view on the new market development. Bloomberg CEO said in a comment on the regulations:
"Although US regulators oversee the initial listing of DX shares, CEO Daniel Skowronski said he does not need US permission to offer this service because DX does not operate there. The company claims to have been authorized by the Estonian financial intelligence unit with full authorization to operate in the European Union. "
Another expert opinion of the product leader at AlphaPoint, Ned Myers
"The digitization of existing financial securities represents a real opportunity to accumulate new capital through the splitting, in a way comparable to other tradable assets that already rely on a blockchain: fractioning of stock interest in a company, project financing projects or trust in real estate investments are all examples of the same trend: to create digital security that exploits the advantages of blockchain ".
Ned says continuously:
"Transferring a store of value from a physical asset to a digital one provides easier access to the hundreds of billions of dollars circulating in financial markets, evading fees associated with converting cryptographic assets into a fiat currency. The DX.Exchange is indicative of a trend that AlphaPoint is seeing by many of its customers and will likely dominate both the blockchain and high value stocks sectors in 2019. "
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