Review : DX Exchange

The DX Exchange is a cryptocurrency exchange powered by Nasdaq matching engine

The DX Exchange is a cryptocurrency exchange powered by Nasdaq matching engine, which is launched in the beginning of 2019.

The DX Exchange allow individual and institutional investors to buy, sell, and trade cryptocurrencies for one another and fiat currency as well. The exchange utilizes Nadaq’s highly sophisticated trading technology which is used by over 70 exchanges around the world.

A key feature setting the DX Exchange platform apart from the competition is the Algo Trading capabilities which allows Nasdaq API trading at an expert level

Fees

The DX Exchange will implement a different fee structure than most cryptocurrency exchanges, in which they do not charge any trading fees, but rather a monthly membership fee of 10 Dollar. This 10$ per month membership fee gives traders access to DX’s Lite Account which offers traders competitive rates for purchasing cryptos and no fees for trading them. Traders who have a trading volume of more than 50,000 $ per month will have access to the PRO Account which has reduced purchasing fees.

Digital Stocks, Digital ETFs

Digital Stocks

Just as you can buy a fraction of a Bitcoin or Digital ETF, you can now own fractions of expensive stocks!  DX.Exchange uses blockchain technology to allow users around the world the unique opportunity of investing in traditional stocks, at a fraction of the price, represented by tokens.  

 

• Token backed 1:1 by real stock

• Receive exact dividends

• Liquidate at any given time

• Blockchain meets safe, traditional investments

• Free – no commission!

Digital ETF’s

Just as you can buy a fraction of a Bitcoin or Digital Stock, you can now own fractions of ETF’s!  DX.Exchange uses blockchain technology to allow users around the world the unique opportunity of investing in traditional ETF’s, at a fraction of the price, represented by tokens.  

 

• Token backed 1:1 by real ETF’s

• Liquidate at any given time

• Blockchain meets safe, traditional investments

• Free – no commission!

“Crypto currencies will continue to evolve, and digital stocks are another step in that process says Daniel Skowronski, CEO of DX.Exchange. “By tokenizing real world stocks, we are helping millions of the untradeable to be tradeable”.

 

“We are delighted to finally launch our platform, says Amedeo Moscato, COO of DX.Exchange.  “Our innovative features, including Digital Stocks offered byMPS MarketPlace Securities, represent a step forward for the crypto and financial industries to have a real case use where smart contracts meet the so well wanted Mass Adoption. We are creating the first real bridge between crypto and the real stock exchange, and this is the beginning of the traditional market’s merge with blockchain technology. The old market has finally been connected to a new, tokenized financial world. We look forward to welcoming our community in DX.Exchange,  and to provide them with first-class service and support around the clock –  in 12 different languages, in their language.”

Q&A

How many stocks they offer at the beginning?

They offer 10 NASDAQ listed stocks and will continue to add from other exchanges globally.  

The stocks are:

AlphaBet Inc.

Apple inc.

Amazon.com inc.

Facebook inc.

Microsoft Corporation

Tesla Inc

Netflix inc.

Baidu inc.

Intel Corporation

NVIDIA Corporation

What are digital stocks specifically?

DX.Exchange, through a worldwide exclusive agreement with MPS Marketplace Securities, Ltd, is the first exchange to offer tokenized stocks of the biggest publicly traded companies, with the likes of Google, Facebook, Intel and more. This allows millions of cryptocurrency users and hundreds of millions of potential investors to now be exposed to real stocks, 24/7, in a secure and compliant manner. MPS is purchasing stocks where Digital stocks are backed 1:1 to these real-world stocks in accordance to demand in the DX.Exchange platform and launched an ERC20 token on top of Ethereum’s platform.

 

What are digital ETF’s specifically?

DX.Exchange, through a worldwide exclusive agreement with MPS Marketplace Securities, Ltd, is the first exchange to offer tokenized ETF’s with the likes of SPY, QQQ, SDOW and more. This allows millions of cryptocurrency users and hundreds of millions of potential investors to now be exposed to real ETF’s, 24/7, in a secure and compliant manner. MPS is purchasing ETF’s where Digital ETF’s are backed 1:1 to these real-world ETF’s in accordance to demand in the DX.Exchange platform and launched an ERC20 token on top of Ethereum’s platform

Links

Here some interesting sites to read about DX Exchange

https://www.bloomberg.com/news/articles/2019-01-03/tesla-stock-on-a-blockchain-offers-hint-of-where-crypto-s-headed

https://www.coindesk.com/nasdaq-powered-security-token-exchange-will-launch-next-week

https://cointelegraph.com/news/nasdaq-powered-exchange-to-launch-eu-regulated-tokenized-stock-trading

https://www.ccn.com/dx-exchange-launching-cryptocurrency-trading-platform-with-tokenized-stocks/

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