RATE Group | First Fully Regulated Crypto Exchange Launches
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First Fully Regulated Crypto Exchange Launches

31 Jul First Fully Regulated Crypto Exchange Launches

Posted at 01:53h in Ethereum News by

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Achieving full regulatory approval before a crypto exchange is launched is a big deal. Liechtenstein based Blocktrade.com has been granted approved by the Financial Markets Authority, a member of the European Securities and Markets Authority (ESMA), and is set to be the first regulated exchange to open for testing.

The firm has been regulated under the MiFID II framework according to a Forbes report. According to the website;

“Until now, crypto trading has been unavailable to financial institutions. Blocktrade.com will be the first trading venue, fully regulated under MiFID II framework. Furthermore, the platform is able to process more than 1 million trades per second and the performance is being improved every day.”

Luka Gubo, CEO of Blocktrade.com, added; “This is an ideal way for regulators across Europe to recognize cryptocurrencies as a new asset class and put in a regulatory framework,”

Initially Blocktrade.com will offer Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and…

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