As detailed in GBX’s recent announcement, DAX will be rolling out trading support for BCH pairs, with fiat onboarding capabilities, allowing users to trade BCH against multiple fiat currencies, including USD, GBP, EUR, as well as crypto-to-crypto trading pairs such as BTC and ETH.
As GBX CEO Nick Cowan stated in a previous announcement:
“Mass adoption is something that everyone in the digital asset industry is striving for. Bringing more fiat on, and off, ramps to the digital asset market will help to increase the fluidity and access to the market. With the GBX offering a regulated and insured space, we are creating a better user experience for those that are looking for a trusted environment in which to operate.”
Fully regulated as a Distributed Ledger Technology Provider by the Gibraltar Financial Services Commission (GFSC), GBX Limited is a subsidiary of the Gibraltar Stock Exchange (GSX), the British Overseas Territory’s first fully licensed exchange founded in 2012. As the GBX touted, its platform is anchored on good governance and institutional-grade best practices adopted from its parent company, allowing the exchange to implement stringent verification requirements in a bid to create an equally secure and professional platform for crypto trading.
In an effort to provide a “supportive environment” for the budding industry, the Gibraltar government has spearheaded a number of crypto-friendly regulatory measures, as the territory fosters the growing number of crypto startups migrating in the jurisdiction. Earlier this year, a number of crypto ventures have also been granted licenses to operate in the British overseas territory, a move in line with other European jurisdictions in an effort to support the local economy by expanding employment opportunities.