DX.Exchange Launches Digital Exchange – Tradeable ETFs

Aiming to expand the scope of platform users, adding ETF funds based on ERC 20 tokens aims to attract more investors to participate

Tallinn, Estonia, February 24, 2019 – In January, DX.Exchange launched its revolutionary ERC-20 tokenized digital stocks that are 1:1 equivalent to real stocks such as Amazon, Google and Tesla. Now, DX.Exchange continues to expand its platform’s offerings by adding digital ETFs. ETFs benefit from blockchain-based services, fractional amounts and low fees, while also allowing other crypto traders and investors to own new assets. The move involves tokenizing popular ETFs such as SPY, S&P 500 and QQQ, which mirror the Nasdaq Composite Index 1:1. Others include UWT (Crude Oil) and UDOW with triple leverage. “To date, more than $130 billion worth of cryptocurrencies have been available for investment in digital stocks and digital funds,” said Amedeo Moscato, COO of DX.Exchange. “Crypto investors who are eager to own a hedged portion of their crypto portfolio, who previously only had stable currencies such as the US dollar or limited options, can now invest in real-world assets through the blockchain.”

ETFs are already widely used by traders to diversify their portfolios and gain access to a broad portfolio of stocks. This latest move marks a step forward in the process of incorporating financial assets into blockchain to leverage the far-reaching benefits of its technological architecture. The introduction of tokenized ETFs complies with the latest guidance put forward by the European Securities and Markets Authority and is in line with the MiFID II directive.

“We are very excited to be the world’s first digital asset exchange to offer cryptocurrencies, digital stocks and ETFs. We are at the beginning of the digital revolution and DX.Exchange will continue to build bridges between the old and new worlds,” said Daniel Skowronski, CEO of DX Exchange.

In order to expand the digital trading framework of the new era of investment, DX launched ETFs, an attractive product, and the integration of digital ETF funds marks a turning point. The decision to add ETFs to the platform's available assets reflects the popularity of ETF trading, while also attracting investors who are already familiar with the asset class but are looking for lower-cost execution. In addition to cost savings for investors and increased transparency of blockchain-based services, the tokenization of ETFs also enhances investor substitutability while merging the traditional financial world with the evolving digital trading field.

Traders can now seamlessly deploy their existing cryptocurrencies or fiat currencies to purchase digital ETFs during trading hours and non-trading hours. By expanding the scope of availability, DX.Exchange brings more diversified opportunities to more investors with the unique value proposition and utility of blockchain.

Most importantly, the new DX product opens the door for small retail investors to have access to the same financial opportunities as professional and institutional investors. It is easier for retail traders with limited capital to access fractional amounts of ETF funds, which they can store securely in their own crypto wallets. Daniel added: "Our vision is to help people around the world create wealth, regardless of their socioeconomic status. Together, we can now trade what was previously untradable and bankable."

“Investors in developing countries around the world with lower equity can now invest fractionally in major securities and ETFs,” said Daniel Skowronski, CEO of DX.Exchange. “We want to help people around the world create wealth, regardless of their socioeconomic status. At DX, we can make the untradable tradable.”

About DX.Exchange: DX.Exchange is a revolutionary digital asset exchange that offers digital stocks, digital ETFs, cryptocurrencies and fiat currencies. DX is paving the way to simplify investing in crypto securities. With DX, investors can finally buy cryptocurrencies quickly, cheaply and in a compliant manner. DX is regulated by the European and Estonian Financial Intelligence Units (FIU), gaining the industry recognition needed to drive tokenized investing into the mainstream.
DX.Exchange official website/registration address: https://reurl.cc/Myemk

This article is for commercial promotion only and does not represent the position of Wabi.com. Cryptocurrency is a high-risk industry. Please invest with caution. We are not responsible for any losses!