LCX, the Liechtenstein Cryptoassets Exchange, has obtained a crypto trading services license from the Liechtenstein Ministry of Economic Affairs. The grant is to provide crypto services for utility and payment tokens.

It will offer four main crypto trading services in partnership with Binance. The first service will be LCX Vault, a crypto custody service. Likewise, the second will be a trading platform for security tokens and other cryptoassets. The third service will be LCX Terminal which will integrate the APIs of major exchanges into a single trading desk. Finally, the fourth one will include a fiat-to-crypto exchange which will offer the trading of Swiss francs and euros against various cryptocurrencies.

The company has reported that it will use the best technology standards for KYC and anti-money laundering. Furthermore, an LCX representative has stated that they can now offer an exchange to investors for trading utility and payment coins in a regulatory compliant manner.