Nasdaq-Powered EU Crpyto Exchange Dx.Exchange Adds Tokenized ETFs

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

Dx. Exchange

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an Estonia-based cryptocurrency exchange has added tokenized Exchange Traded Funds (ETFs) to its services. 

According to a press release tokenizing the ETF complies with the latest guidelines issued by the European Securities Markets Authority as well as the EU Markets in Financial Instruments Directive II.

The move involves the tokenization of popular ETFs, like SPY, that represents the S&P five hundred, and QQQ, that backs the information system Composite at a 1:1 ratio. UWT (crude oil) and UDOW area unit among different ETFs offered on the platform. The ETFs offered will currently be purchased each for cryptocurrencies and fiat during trading hours as well as after-hours.

The chief in operation officer of DX. Exchange, Amedeo Moscato, explicit that he believes that the most recent move by the EU-regulated company opens the world in popular financial assets to crypto holders. His statement reads:

“As of today, there’s over 130 Billion USD worth of Crypto that can now be invested in Digital Stocks and ETFs. Crypto investors who wished to hedge part of their crypto portfolio had only USD stable coins or limited options. Now they can invest in real-world assets on the blockchain.”

DX. Exchange states that adding ETF trading to the platform can attract investors seeking to profit from a lower-cost venue for death penalty their trades. Moreover, the choice can reportedly permit smaller retail investors or investors from developing countries to enter the market.

Powered by Nasdaq’s Financial Information Exchange Protocol, DX. Exchange firmly believes that its new tokenized ETF offerings will attract more investors from developing nations to the platform, as well as traders looking for cost-efficient trading venues.

 The crypto holders purchase tokens backed by stocks in other major firms, as well as Amazon, Baidu, Apple, Facebook, Google, Intel, Microsoft, Netflix, Nvidia, and Tesla.

While currently only available to Estonian-based traders, DX.Exchange has stated that it’s looking at opening its doors to US traders sometime this year.

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