A new cryptocurrency exchange is going to be launched with the aim of complying with the European MiFID II framework, also recently set in place. The new exchange, Blocktrade.com, is waiting on approval from the Financial Markets Authority and is currently on beta.
Tapping into the tagline of iconic sci-fi series Star Trek, Blocktrade is touting itself as going where no trading platform has ever gone before. It heavily promotes its fully regulated status, though technically, it’s still in the process of gaining the seal of approval for European MiFID II framework compliance.
The crypto exchange also highlights other selling points:
- Processing power: over 1 million trade requests per second, we are unlocking crypto trading for all retail and institutional users.
- Swiss security standards: high level internal and external security protocols verified and audited by security experts.
Blocktrade.com trades Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple. Later this year, Crypto Traded Indices, Security Tokens, and Tokenised Assets will be added to the platform’s roster.
Blocktrade.com CEO Luka Gubo says, “This is an ideal way for regulators across Europe to recognize cryptocurrencies as a new asset class and put in a regulatory framework,” Forbes reports.