EUCX August 2019 update

As some of our followers may have noticed, we have been pretty quiet for the past few weeks. And with good reason: we believe actions speak louder than words when it comes to showing progress.

The past quarter has been very eventful for us, with multiple breakthroughs being achieved. We have been progressing more rapid than ever before in terms of business and technological development.

In this month’s update we’ve got new partnerships, listings, changes in the team roster, improved technology and the conception of EUCX Market Technologies.

EUCX Market Technologies

Welcome to a new era of secure and reliable High Frequency Trading for crypto assets and traditional digital assets (such as Forex). EUCX Market Technologies is opening the flood gates to new digital markets and more digital trading volume than mankind has ever seen before.

As we developed the technology stack for our exchange, we slowly started to realize what an absolute beaut she was.

Today we would like to announce the public creation of EUCX Market Technologies.

The EUCX Market Technologies company is a spin-off, which is making available our proprietary database and market technologies available for third parties through a marketplace-as-a-service (“MaaS”) model.

The trading platform and its matching engine is a highly scalable, multi-asset market technology that is years ahead of the competition when it comes to performance, redundancy, integrity and security.

Some of the key features

Processes 6 million orders per second per trading pair*;

FIX SBE & FIX JSON through REST, WebSocket and raw TCP;

Support for traditional digital assets & crypto assets;

Out-of-the-box support for Smart Contracts (ERC-20, DigitAssets)**;

Instant deployment of new trading pairs (even during trading hours);

Proprietary ACID-compliant database;

Two tiers of real time and near-real time redundancy;

Data integrity verified in near-real time by a built-in blockchain;

Detects illicit activities (such as wash trading) in real time;

Data encrypted in transit and at rest;

Developed with security principles and measures from justice, defense and intelligence industries;

Total control of the marketplace through a secure online back office (web & mobile).

The engine can host and match any form of digital asset: traditional digital assets or crypto assets, without the risk of losing decimal precision — even on assets with 18 decimals.

The scalable architecture of both systems and software allow the platform to double its capacity per trading pair in less than 45 minutes flat.

* Nasdaq can handle up to 100,000 orders per second for the entire marketplace. We have the capacity of 60 Nasdaqs — per trading pair.

** Support for more smart contract blockchains are being developed.

The private demo has received a phenominal response from multiple interested parties.

White Label Services now available

Early adopters and interested entities can contact us at business@eucx.io.

MiFID-II

We are one of the first crypto asset exchanges to implement the MiFID-II Directive. In anticipation of further maturing of crypto asset markets, we have decided to implement the ‘light’ version of MiFID-II in order to educate and protect our retail traders.

As part of our MiFID-II compliance, retail traders can take an optional questionaire and view educational material regarding the terminology, financial instruments and markets that traders can encounter on our platform.

AML5

The day finally came when in July 2019 we finalized our version 1.0 of our AML/CTF policy. This policy will eventually undergo review by the Netherlands’ Central Bank (our regulator coming January 2020).

Looking at the lengths we went through in order to create an exemplary AML/CTF policy framework and due diligence process for our KYC, Sanction and PEP procedures, we are confident that our policy will pass with flying colors.

Note: part of our continued compliance and cooperation with regulators and authorities, we have decided not to list any “privacy coins” on our platform.

Team Members

Unfortunately we had to say goodbye to a few of our original and long lasting team members due to a variety of reasons (mostly private).

Fortunately we can welcome two new members to our team.

First is Brent Smith. Brent is joining EUCX as a member of the board. He has more than 20 years experience in the institutional financial industry in the fields of fintech and forex trading. With his specialized skill set and vast experience, his presence in invaluable for the further growth of EUCX as a whole.

Second is Christiaan Rakowski. Chris is joining the EUCX team as a systems developer. He is working together with our founders, Eric & Erwin, on the EUCX Trading Platform. With more than 10 years of experience in the field of high end software and data systems he too will be paramount to the further development of EUCX as a whole.

EUCX Token Swap to DigiAssets

After the launch of our exchange, the EUCX Token will migrate from the aging Ethereum ERC-20 standard to a new, faster and more secure DigiAssets-based token. The DigiAssets platform is based on the DigiByte blockchain.

And that’s it for our August 2019 update. We hope you’ll keep following our progress on our official social media channels and stay tuned for more listing and partnership announcements later this week!