- • Nasdaq brand cryptocurrency exchange
- • Highly secure and regulated
- • Will feature a wide range of prominent cryptocurrencies
- • Great trading platform
- • Unknown reputation
- • Purchasing fees are unknown
The DX Exchange is a cryptocurrency exchange powered by Nasdaq, which is set to launch in June of 2018. The launching of the DX Exchange is highly anticipated as it is the first crypto exchange launched by Nasdaq, the second largest stock exchange in the world. The DX Exchange will 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 and combines it with new and innovative technology for trading in the crypto markets. Not only will the DX Exchange have the backing of the Nasdaq brand, but they will be regulated by the Estonia Financial Supervision Authority (EFSA) which is committed to ensuring transparent and ethical exchange practices. Though Nasdaq is located in New York City, the DX Exchange is located in Estonia at Roosikrantsitn 2, Kesklinnalinnaosa, Tallinn, Harju maakond, 10119. This is due to regulatory concerns in the United states, and therefore the DX Exchange will not accept clients from the United States. Will this new and highly anticipated exchange live up to the expectations? Find out, in the following review where we’ll delve deep into the aspects that make up this cryptocurrency exchange and see what sets the DX Exchange apart from the competition and whether or notit will meet or exceed expectations.
The DX Exchange will run on a proprietary web-based trading platform that’s accessible via any browser and will also feature a downloadable mobile application for both Apple and Android smart devices. The trading platform is said to revolutionize the Over the Counter (OTC) marketplace by running on sophisticated Nasdaq infrastructure. With years of experience in the financial trading industry, Nasdaq and their team of over 70 R&D engineers have developed a state of the art user interface with optimal design and functionality. The platform is guaranteed to operate fast and smoothly while providing a safe, secure and transparent trading environment. 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. The Algotrader provides the most accurate cryptocurrency data for the implementation of successful strategies in the charting suite. All in all, the exchange platform offered by DX Exchange is set to be a massive success.
The DX Exchange will offer clients the opportunity to buy, sell, and trade cryptocurrency with fiat money and on a crypto to crypto basis. No other tradeable assets will be featured on the exchange other than cryptocurrencies. Traders will be able to withdraw both fiat currency and cryptocurrency from the exchange or can hold their crypto funds in the exchanges wallet service.
The exchange platform is set to launch with the top six cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), EOS (EOS), and Litecoin (LTC). After these coins have been trading a while, DX Exchange plans to introduce the remaining top 20-25 cryptos as well as some lesser known but reputable cryptocurrencies. The DX Exchange will follow a strict vetting process for listing new cryptocurrencies to ensure that they only support viable crypto projects so that the blockchain ecosystem will prosper.
Fees and Commission
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 Euros. This 10 Euro 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 Euros per month will have access to the PRO Account which has reduced purchasing fees.
Security and Fairness
The DX Exchange will put many individual and institutional investors minds at ease as the exchange is supposed to be highly secure and very transparent. After all, the DX Exchange has the Nasdaq brand behind it which says a lot about the reputation this exchange will have. Also, the DX Exchange is licensed and regulated by the Estonia Financial Supervision Authority (EFSA), which ensures transparent and ethical practices. Furthermore, every user’s data is fully encrypted, and their funds are securely stored in their personal e-wallets. The platform implements the latest virus and malware detection software and has highly advanced systems to combat hackers, malicious activity, and phishing. The DX Exchange will likely be one of the safest, most secure, and transparent cryptocurrency exchanges available.
Currently, customer support will be available via email and through an online contact form. Also, the exchange is maintaining an active presence on their social media channels of Facebook and Twitter. Users will be able to communicate with support reps via these platforms as well. The exchange has not launched yet, so we cannot say how reliable the support is, however, we can assume it will be very good due to the exchanges ties with Nasdaq.
The DX Exchange is one of the most highly anticipated cryptocurrency exchanges to date as they are backed by the ever-popular Nasdaq brand. The exchange is set to launch in June of 2018 and will offer the top 6 cryptocurrencies in terms of market capitalization. Further down the road, DX Exchange will feature more and more reputable cryptocurrencies and likely grow in daily trading volume very quickly. The exchange will accept both retail and institutional clients and provide them with a sophisticated web-based trading platform. Overall, we, as well as many others are very excited for the DX Exchange and believe it will be a massive success.
The following are the common questions that customers inquired about DX Exchange.
Is DX Exchangeregulated?
Yes, it is regulated by the Estonia Financial Supervision Authority (EFSA).
Is DX Exchangea scam?
No, DX Exchange will be a legit broker as it’s backed by the Nasdaq brand.
Where is DX Exchangebased?
The DX Exchange is based in Estonia at Roosikrantsitn 2, Kesklinnalinnaosa, Tallinn, Harju maakond, 10119.