Around 14:30 UTC on Monday (January 7th), DX Exchange, a new revolutionary regulated European cryptocurrency exchange went live. What makes DX Exchange, which has offices in Estonia and Israel, unique is that for the first time you can now trade cryptocurrencies (including XRP) and popular Nasdaq stocks (in tokenized form), such as Apple, Facebook, and Tesla, on the same platform.
Since these are tokens backed 1:1 by shares in these companies, which are bough/sold via a Cyprus-based intermediary called MPS MarketPlace Securities Ltd, it is possible to buy fraction of a stock (subject to certain minimum order limits). In case you are worried what would happen should something happen to MPS MarketPlace Securities, DX Exchange wants you to know that the stocks owned by this intermediary are held in a segregated account.
For example, in the case of Facebook stock, which at press time is trading around $138.10, the minimum order amount is 0.15 of a token, while in the case of Amazon stock, which is trading around $1,616.14, the minimum order amount is 0.015.
Once you have selected an asset (either a cryptocurency or a digital stock), you can get “Asset Info” (e.g. market cap, 24-hour volume, size of circulating supply, and a timeline of relevant events) and “News Sentiment” (“The ratio of Bullish vs Bearish news over the past week” + “media buzz”).
Comment below and let me know your thoughts!
Also beware of desperate publications reusing old stories for added FOMO and clicks… Learn to trust certain publications and always double check your information across multiple sources.
Doing your own research has never been more important.
Join Crypto Blessing by subscribing!
Also follow us on twitter @BlessingCrypto
*** The content seen on this channel is not financial advice, always do your own research (DYOR) and invest wisely. I immerse myself in these markets every day to bring you the relevant news as it happens, and am providing insight that should be considered my opinion! Happy investing everyone!
#bitcoin #cryptocurrency #finance