Gibraltar Stock Exchange Launches Cryptocurrency Trading Platform
Gibraltar Stock Exchange Launches Cryptocurrency Trading Platform Through Its Gibraltar Blockchain Exchange (GBX).
After passing the standard AML / KYC check, exchange users will be able to trade Bitcoin, Ethereum and their own GBX Rock (RKT) token in pairs against the US dollar, as well as these and some other cryptocurrencies among themselves.
“We have taken concerted action to support leading cryptocurrencies and tokens on GBX at the time of public launch,” said Nick Cowen, CEO of Gibraltar Blockchain Exchange. “We are already considering a significant expansion of this offering in the future, while we ourselves will provide users with the most versatile trading experience.”.
The GBX platform is positioned as a digital asset exchange with “a solid foundation for listing and selling utility tokens that will undergo a rigorous validation process.”.
The company held its ICO this year and the market capitalization of RKT is currently around $ 30 million. The token can be used on the platform in accordance with several scenarios.
“The main medium of exchange for transactions on the GBX platform will be the Rock token issued by GBX (RKT),” writes Trustnodes, citing a representative of the exchange. “RKTs are ERC-20 utility tokens that can be used to pay trading commissions, listing fees and sponsorship fees. They will also allow their holders to get early access to token sales that will be held on GBX GRID and receive discounts on fees paid on the digital asset exchange. “.
“The platform can accompany projects from the stage of their creation, help them conduct token sales and list their tokens,” the company added.
The Gibraltar Stock Exchange is a European Union regulated securities exchange and is now the first platform of its kind to launch digital currency trading.