NASDAQ’S TECHNOLOGY TO BE USED BY THE 1ST CRYPTO EXCHANGE NEXT MONTH. US CUSTOMERS EXCLUDED

In an interview with finance magnates on Monday, May 14th, the first cryptocurrency exchange to use Nasdaq’s technology plans to be launched in the early days of next month.

Nasdaq is providing the technology to power the new centralized crypto exchange, DX, as it was said by the project’s CEO, Daniel Skowronski. It is the 2nd largest stock exchange in the world after the New York Stock Exchange(NYSE).

Skowronski, normally refer to his upcoming exchange project as a “one-stop-shop” for exchanging fiat and crypto, and as well holding the coin for long term users using their respective wallets.

There will be no fees attached to trading and trading would be open using the top six cryptocurrencies including BTC, BCH, ETH and LTC. However, they plan to add 20-25 coins not excluding the “smaller tokens as was said by skowronski. He went further to tell finance magnates this:

“We are supporting blockchain technology. And the way we can help this ecosystem to progress is by vetting the tokens and making sure the good ones are promoted. We are not going to list coins, just because they pay us. Those who are worthy – will be listed. ”

Meanwhile, he threw more light on what he said earlier regarding US customers being restricted from participating in the launch of DX by saying “we are still in dialogue with US regulators”.
Their former CEO, Adena Friedman said in an interview last month that the company would consider becoming a crypto-trading platform, if the market becomes more regulated

Editor-in-Chief @Coindaily_co and Bitcoin enthusiast