Govts know digital assets are here to stay, upcoming exchange says

Saturday 17 October 2020, 2:43 AM AEST - 1 week ago

A Gibraltar-based company says it is building a digital asset exchange that will be fully compliant with regulations from the United States Securities and Exchange Commission, the Financial Industry Regulatory Authority and the European Union.

According to INX, the evolution of blockchain-based currencies and assets is finally beginning to gain steam — and governments around the world are beginning to realize that digital payments are here to stay.

The companys team consists of top executives from some of the worlds biggest financial institutions, including American Express, Morgan Stanley, Standard Chartered, HSBC, TD Ameritrade and Societe Generale.

INX says its vision is to establish a new digital asset trading ecosystem with a big difference. The company claims that, while some crypto-focused companies tend to shy away from regulators, INX is determined to work with them to foster innovation and protect consumers.

The business adds that it has another unique selling point up its sleeve: the technology underpinning its product has been painstakingly built in-house and has not been licensed.

The digital asset world

Overall, INX says that it is determined to ensure that digital asset trading is no longer reserved for a small handful of institutional or venture capital investors. Instead, it wants to help cultivate a strong, healthy community of token holders.

The companys blockchain asset trading solution is fully developed and ready for launch. It will pave the way for users to buy and sell cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Zcash (ZEC) and Bitcoin Cash (BCH), as well as security tokens and their derivatives. A range of main order types are supported, and technical analysis tools will be provided to help traders make informed decisions. An API interface is going to be offered for broker dealers, corporate financiers, traders and market makers too, and this will be coupled with industry-standard reporting for regulators.

INX says that millions of dollars have been invested in its technology so far, which has the goa ...

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