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Now You Can Trade With Stocks On Exchange Platform PDF
Now You Can Trade With Stocks On Exchange Platform PDF
A new digital platform, Dx.exchange is allowing users to trade in
top performing stocks like Facebook, Microsoft, Netflix, Tesla, and
Apple to users all over the world even when the stock markets are
closed for trading.
According to official update it’s registered in Estonia and has two
offices, another one at Israel. Currently, the exchange is offering
the option to trade only on 10 stocks registered with Nasdaq and
have plans of expansion to the New York Stock Exchange along with
Hong Kong and Tokyo.
Every stock available is backed by an ERC 20 token and traders are
entitled to the same cash dividends and here the platform itself is
not involved.
Describing the methodology of its functioning the platform says,
“MPS MarketPlace Securities, Ltd, under the supervision of the
Cyprus Regulator, CySEC,” buys actual stocks according to the
demand on the exchange platform. Adding “They generate smart
contracts, ERC20 tokens created on Ethereum’s network to
represent those stocks.”
Albeit the regulations related to stocks will be monitored by the U.S.
authorities, the CEO of the exchange Daniel Skowronski talking to
media outlet Bloomberg said that they don’t require permission
from the U.S. regulators to offer their services as they are out of
their jurisdiction. As it’s licensed by the Estonian Financial
Intelligence Unit with complete independence to operate within the
European Union.
Responding to a mail by Bloomberg he said that they have a wide
market “opportunity in tokenizing existing securities,” adding the
importance of their innovation into merging both traditional and
crypto market together.
Licensed with Cyprus’s regulator of finances, MPS MarketPlace will
hold the stocks on behalf of the token owners and will maintain a
segregated account for the same, and DX is offering is compliant
with the Mifid II directive of Europe, Skowronski said further.
As the crypto market is trying to stabilize itself, new ideas are
emerging all around especially in terms of the stable coins and
security tokens. And platforms like DX are we think a very
necessary and important step towards bringing the niche market of
share market to a wider set of people.