Regulated Crypto Exchange Open for Beta Testing




Cryptocurrency exchange is now open for beta testing, becoming the first fully-regulated digital currency exchange, according to Forbes. The new exchange will offer trading for Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple, with plans to list “Crypto Traded Indices™. Security Tokens, and Tokenised Assets” later in the year. previously announced its intention to obtain licensing approval under the framework established by MiFID II. The company has also reportedly obtained approval from the Financial Markets Authority. Company CEO, Luka Gubo said, “This is an ideal way for regulators across Europe to recognize cryptocurrencies as a new asset class and put in a regulatory framework.”

Gubo has argued that proper regulation for cryptocurrency exchanges will encourage institutional investors to enter the crypto market. He suggested that there are a host of factors discouraging them from doing so, including the perceived risks associated with unregulated exchanges, a lack of exchange transparency, and rules that prevent them from trading unregulated assets. Gubo said:

“If an institutional investor wants to invest in cryptocurrencies, they currently have a problem. Where do you send the order to buy? There’s a lot of speculative valuing in cryptocurrencies, so there’s currently no way to lower the volatility — proper regulation is the only way to lower that risk.”

Beta testing is now active, and the exchange is accepting registrations from customers. The full rollout for is currently slated for early September 2018.

Author: Ken Chase

Freelance writer whose interests include topics ranging from technology and finance to politics, fitness, and all things canine. Aspiring polymath, semi-professional skeptic, and passionate advocate for the judicious use of the Oxford comma.

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