Gibraltar Stock Exchange's Crypto Platform Opens to Public With 6 Cryptocurrencies

The crypto exchange platform subsidiary of the Gibraltar Stock Exchange is now open to the public with six cryptocurrencies. Users can fund their accounts in USD. Meanwhile, its token sale platform, GBX Grid, has already completed its first token sale with three new projects planned.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

GBX Digital Asset Exchange Launched

The GBX Digital Asset Exchange has launched to the public, the exchange announced this week. The GBX is a subsidiary of the Gibraltar Stock Exchange which is regulated by GFSC and operates as an EU-regulated market, recognized by European regulator ESMA and UK regulator HMRC.

Users have to register with the platform and complete the KYC requirements. Their accounts can then be funded in USD, the exchange detailed, elaborating:

We are launching the platform with 6 cryptocurrencies available on the exchange. These include: bitcoin (BTC), ethereum (ETH), rock token (RKT), litecoin (LTC), bitcoin cash (BCH) and ethereum classic (ETC).

“We are making the following trading pairs available to all our users: RKT/USD, ETH/USD and BTC/USD,” the exchange noted. In addition, “Everybody who has already signed up and any new users who sign up before 17th August will benefit from zero-fee trading from today until 14th September 2018.”

GBX CEO Nick Cowan revealed, “we are already looking forward to making significant additions to this offering in the future,” adding that “the launch comes at a time when the cryptocurrency and token markets are reaching a new stage of maturity.” He further conveyed that the exchange also plans to launch its official mobile application in the near future.

This public launch follows the soft launch in June for about 300 participants. The exchange used the feedback from the soft launch to develop and design its user interface in preparation for the public launch. The GBX described:

It is widely recognised that one of the biggest hurdles for people looking to enter the crypto-space is knowing how to get started, where to source ETH or how to buy BTC from a trusted platform. With fiat onboarding now in place, that’s no longer an issue.

GBX Grid Token Sale Platform

The GBX also operates a token sale platform called GBX Grid, which has already completed its first token sale. It has since revealed that three new crypto projects are coming to the platform.

“The Grid is reserved for projects that have completed our rigorous application process and have been vetted thoroughly by one of the 15 sponsor firms in our network,” the GBX described. Citing that it “aims to be a world-leading institutional-grade token sale platform and digital asset exchange,” the exchange wrote:

For both participants and issuers, this now means that the GBX offers a complete token and digital asset experience via an institutional-grade platform, focused on good governance and industry best practices.

What do you think of the GBX exchange? Let us know in the comments section below.

Images courtesy of Shutterstock and GBX.

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