The number of registered clients on the NASDAQ-based centralized trading platform – DX Exchange – has already exceeded half a million and that before the official launch.
According to the reports, the inauguration is slated for late July. At the same time, the company did not need to spend for promotion campaign as traders have already expressed interest in the platform probably due to its free-trade business model.
Specifically, one of the platform's features is that traders will have to make only a monthly payment of EUR 10, whereas the majority of exchanges usually set fees. The monthly trading limit is said to amount to EUR 50,000, and if a client hits it, every further transaction will be subject to fees.
The new exchange is located in Estonia and already passed two certifications of the Ministry of Economic Affairs and Communication. These licenses mean that the company's clients will be protected by the EU-member government.
"Because we are fully regulated, a number of Banks and Brokers have reached out on how they can connect directly to the exchange to give their clients access. By connecting directly they can still offer a full suite of cryptocurrencies to their clients while decreasing their risk dramatically", commented one of the founders.
Initially, the exchange will reportedly support some key currencies like Bitcoin, Bitcoin Cash, Ethereum and Litecoin. In the long run, the company intends to list 20-25 cryptos more and some tokens.