DAEX officially enters Australia, adding new clearing node as well as strategic investment in XBrick DAEX Follow Aug 2, 2018 · 2 min read

DAEX have made an investment in the Australian exchange XBrick for strategic cooperation and officially entered the Australian market. The expansion map of DAEX has now added a new piece after progress in South Korea, Indonesia and Thailand.

XBrick Exchange is a global cryptocurrency exchange headquartered in Australia. Beginning its operation in November 2017, it dedicated to building a secure, stable and convenient environment for users with offerings in multiple languages, automatic identity verification procedures, as well as the bank-standard SSL encrypted data transfer and multi-clustered system architecture. It also applies the hot/cold storage system for crypto wallet management.

DAEX and XBrick reached agreements for the strategic cooperation, including DAEX stake taken in XBrick, DAEX Wallet deployment and DAEX (DAX) token listed in XBrick. Moreover, with DAEX Fund becoming the sponsoring institution for XBrick, it will recommend blockchain projects to be listed in XBrick; and XBrick becomes the official clearing node for DAEX in Australia, strengthening mutual influence in the local market.

In future, DAEX also plans to expand into other important markets such as Russia and Japan. In the next year, we aim to serve 10,000 corporate customers, including exchanges and funds, with distributed clearing systems and multi-asset cross-chain wallet solutions. We will also work with more than 60 investment organizations around the globe to build a new ecosystem for trading and clearing. Finally, we aim to cooperate with 10 or more exchanges to whom we will provide services including technical support, DAX clearing tokens and investment.