Gibraltar’s Stock Exchange Launches Crypto Trading

Gibraltar’s Stock Exchange has launched a crypto trading platform through its subsidiary the Gibraltar Blockchain Exchange (GBX) which has just gone live and is now open to the public.

After going through the usual AML/KYC, individuals will be able to trade bitcoin, eth and GBX’s own token, Rock (RKT), against the dollar.

Against bitcoin and eth there are a number of cryptos that can be traded in addition, including BCH, ETC and LTC.

“We have made concerted efforts to ensure that upon our public launch the GBX would host a number of leading cryptocurrencies and tokens to ensure utility for the trading community,” Nick Cowan, CEO of the Gibraltar Blockchain Exchange says before adding:

“We are already looking forward to making significant additions to this offering in the future as we continue to make sustained progress in offering users the most comprehensive trading options possible.”

They appear to be open to the global public, with the platform being a Digital Asset Exchange as well as “a global listing and token sales springboard for utility tokens that have satisfied a strict due diligence and admissions process.”

They held an ICO earlier this year, with RKT’s market cap currently standing at $30 million. That token has a number of uses in the platform. Trustnodes is told:

“The primary medium of exchange for trades on the GBX platform will be the GBX-generated Rock Token (RKT).

RKT are ERC-20 compliant utility tokens and can be used to pay trading fees; listing and sponsor fees; and for issuer staking on the GBX.

They shall also grant holders early access to token sales hosted on the GBX GRID and reduced trading fees on the Digital Asset Exchange.”

They further say that “the platform can now bring token sale projects from inception, through the token sale, and all the way to listing on the exchange,” with token sales performed through their platform potentially also listed on the exchange.

The Gibraltar Stock Exchange (GSX) is a European Union regulated stock exchange, suggesting that any such token sale would pass relevant regulations, with this being the first platform of its kind where token sales and trading is offered in one.

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