News European Exchange to Offer Investing in Stocks With Cryptocurrencies

European Exchange to Offer Investing in Stocks With Cryptocurrencies


- Advertisment -

Cryptocurrency holders who look for ways to diversify their portfolios into other markets are about to get a new option for doing so. A regulated European platform, DX Exchange, is set to offer investing in stocks using popular cryptocurrencies.

Also Read: Bakkt Completes First Round of Funding With $182.5 Million

Trade Tokenized Stocks With Crypto

European Exchange to Offer Investing in Stocks With CryptocurrenciesEstonia-based venue DX Exchange is set to launch trading on the tokenized stocks of some of the biggest public companies in the world, such as Google, Facebook and Amazon, on Jan. 7, 2019. And it accepts deposits in BCH, BTC, ETH, USDT, DASH, LTC, XRP and a few other cryptocurrencies as well as traditional fiat payment options.

This has been achieved through an agreement with MPS Marketplace Securities Ltd, which issues tokens that represent stocks via smart contracts and buys and holds the real world stocks according to demand on the platform. The “digital stocks” are said to be backed 1:1 with the real-world stocks traded on conventional stock exchanges, like stablecoins backed by equities rather than fiat. Unlike traditional stock exchanges, this arrangement allows the platform to offer its users the ability to trade on stocks 24/7.

The regulated platform operates in full compliance with Mifid II (the latest EU financial regulations) which means it features a robust AML/KYC process.

International Financial Venture

European Exchange to Offer Investing in Stocks With CryptocurrenciesDX Exchange holds operating licenses from the Estonian Financial Intelligence Unit and reportedly employs over 70 developers in an R&D center in Israel. It is backed by NFX, a seed and series A focused venture capital firm based in San Francisco. Its partner, MPS Marketplace Securities Ltd. is a Cyprus licensed financial company which provides liquidity solutions for the online trading market.

The technology is built on Nasdaq’s Financial Information exchange (FIX), a vendor-neutral standard message protocol that defines an electronic message exchange for communicating securities transactions between two parties. The platform also supports trading via an API, which means it can be easily integrated with market makers, liquidity providers, algo traders, and hedge funds.

Is investing in tokenized stocks likely to be a popular service with crypto holders? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from



Please enter your comment!
Please enter your name here

Latest news

Top 8 Potential Cryptocurrency Business Ideas for 2021

Which word comes into your mind when you hear or think of the word ‘cryptocurrency’? It might...

3 Important Reasons to Have AML for Cryptocurrency Business

In this article we are going to examine the 3 most important reasons to Have AML for...

Use of Smart Cards in Blockchain App Development

Ever since blockchain technology made a major breakthrough all over the globe, experts and forecasters have been...

IMF: Risk of substitution of domestic money by central banks’ digital currencies

Central banks around the world began looking closely at the issuance of their own digital currencies, known...
- Advertisement -

Ripple: The cryptocurrency that will ‘change’ the world in 2020

Ripple could say he's a child of Bitcoin: In December 2017 Bitcoin hit a record price in...

Spain approves Crypto Holdings disclosure bill from cryptocurrency holders

Spain approves Crypto Holdings disclosure bill from cryptocurrency holders. Spain's government has reportedly approved...

Must read

- Advertisement -

Read Next
Recommended to you