Gibraltar Blockchain Exchange announces cryptocurrency trading unit

Posted 24 July, 2018

The Gibraltar Blockchain Exchange (GBX) has reportedly opened its cryptocurrency branch.

With successful KYC/AML verification, the users on GBX Digital Asset Exchange will get access to the trading of Bitcoin, Ethereum, Ethereum Classic, Litecoin, Bitcoin Cash and GBX Rock (RKT) token against the US dollar.

"Today marks the most exciting development on the GBX journey thus far and is a significant indication that Gibraltar is open for business. The launch comes at a time when the cryptocurrency and token markets are reaching a new stage of maturity," commented  Nick Cowan, CEO of the Gibraltar Blockchain Exchange.  

The new project is reportedly designed as the digital coin exchange with firm grounds for a listing of utility-tokens. The company has set zero fees on the platform to celebrate the inauguration of GBX Digital Asset Exchange.

The project ICO was held in 2018. The market cap of RKT is some $30 million; the token can be used in line with several scenarios. According to the reports, the RKT token is said to be considered as the main instrument for transactions on the project. The tokens will be used for payments of different fees as well as for donations.

"As a part of our continued work towards facilitating greater cryptocurrency trading accessibility and reliability, we shall be launching the official GBX mobile application in the near future, bringing a world-class Digital Asset Exchange to the fingertips of our community of users," added Nick Cowan. 

The Gibraltar Stock Exchange (GSX), the EU-based regulated exchange, has become the first exchange of this type to launch crypto trading.
 

Previous story

24 July, 2018 14:58

← US dollar slightly trims gains

The US dollar shows slight changes on Tuesday amid expectations of further rate revision to be made by the US Federal Reserve this year bypassing Donald Trump's negative statements. As the statistics show, the US Dollar index decreased by mid-day to 94.22. The euro slightly improved against the greenback reaching 1.1704.

US dollar slightly trims gains

Next story

24 July, 2018 12:13

Regulator in India eventually shares need for crypto market regulation →

At the Supreme Court hearing, the representative of India's Reserve Bank reportedly noted in his message the need for regulation of the local crypto market in order to prevent illegal transactions in India. Besides, this statement was supported by the prosecutor general. An official stated that bitcoin can be classified as an exchange commodity and...

Regulator in India eventually shares need for crypto market regulation
Write a comment
 
Prove you’re not a bot + 19 = 27