NASDAQ Tech to Launch First Cryptocurrency Exchange – Excludes US Customers During Launch

NASDAQ  Tech to Launch First Cryptocurrency Exchange – Excludes US Customers During Launch

The US stock market giant NASDAQ technology revealed its plans to open the first cryptocurrency exchange utilizing its technology. They revealed the launch next month as reported by Finance Magnates on May 14.

The second-largest stock exchange in the world, NASDAQ, will be providing the technology in order to power the new centralized crypto exchange, DX. According to the CEO Daniel Skowronski, the cryptocurrency exchange will be a one-stop shop for exchanging fiat, cryptocurrency, as well as holding coins within their online wallet services.

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The exchange will not be available to US customers during the launch, although they are reportedly “in discussion” with US regulators in order to make this happen on a future date.

DX will not charge any fees for trading and will open its market up to the top six cryptocurrencies to start. These include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC).

There will be a second stage where the exchange will open itself up to add 20 to 25 more coins. However, Skowronski didn’t announce which particular cryptocurrencies would be available at that time.

This news on the heels of reports last week where the Intercontinental exchange (ICE), parent company of NYSE, stated that they would eventually allow their customers to buy and hold Bitcoin.

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