Liechtenstein-based Blocktrade.com to Become First Fully Compliant Crypto Exchange, to Support Security Tokens and Tokenized Assets

Liechtenstein-based Blocktrade.com to Become First Fully Compliant Crypto Exchange, to Support Security Tokens and Tokenized Assets
фото показано с : blokt.com

2018-8-3 17:01

Potential investors are sometimes hesitant to go into cryptocurrencies because of their volatility and the fact that not many crypto exchanges are compliant with regulations. For crypto investors who want to trade in these digital assets in a more secure platform, Liechtenstein-based Blocktrade.com seeks to break the record of becoming the first fully regulatory-compliant crypto exchange.

First Fully Compliant Crypto Exchange

While other established exchanges are still struggling to comply with regulatory requirements, Blocktrade.com is set to become the first fully regulatory-compliant crypto exchange. According to Forbes, if approved by the Financial Markets Authority, the Liechtenstein-based firm will be compliant with Europe’s recently implemented MiFID II framework.

But the surprising thing is that Blocktrade.com managed to obtain regulatory clearance even before it starts its operations. The platform is currently on its beta-testing phase and is expected to be fully operational by September 2018.

During its beta phase, Blocktrade’s platform will support the trading of popular cryptos such as Bitcoin, Ethereum, Bitcoin Cash and XRP. There are also plans to add security tokens, tokenized assets and Crypto Traded Indices later this year.

Blocktrade.com Targets Institutional Investors

For investors, there are a lot of advantages in trading via regulated exchanges. Regulatory-compliant exchanges, under a higher level of scrutiny, are cautious when it comes to the tokens they include as tradable assets.

In addition, institutional investors are often prevented from trading on unregulated exchanges because of compliance requirements, so adherence to the MiFID II framework should help boost adoption of the Blocktrade platform by these investors.

Luka Gubo, CEO of Blocktrade.com, explained:

“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.”

Liechtenstein-based Blocktrade.com to Become First Fully Compliant Crypto Exchange, to Support Security Tokens and Tokenized Assets was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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