In late April, reports emerged that Nasdaq planned to officially launch cryptocurrency services in October. On May 14th, Nasdaq took its first step into this space by partnering with trading platform DX.Exchange to provide technical support.
According to an exclusive report by FINANCE MAGNATES, DX.Exchange has announced its collaboration with Nasdaq to launch a cryptocurrency trading platform, which could significantly impact the existing crypto market.
Key Features of DX.Exchange
1. Nasdaq-Powered Matching Engine
DX.Exchange integrates Nasdaq's matching engine—a technology used by over 70 global exchanges—ensuring high-speed and reliable trade execution.
2. Regulatory Compliance
The platform holds an Estonian license and a Cyprus Securities and Exchange Commission (CySEC) market-maker license.
👉 Learn more about regulatory standards
3. Zero Trading Fees for Lite Accounts
- 10 EUR monthly membership fee
- No additional transaction costs
4. User Experience Enhancements
- In-app chat functionality
- Consolidated news feeds and crypto asset analytics
Token Listing Process
DX.Exchange will implement a rigorous 3-step vetting process:
- Initial application submission
- Interview assessment
- Legal due diligence (team/whitepaper review)
Phase 1 Supported Assets: BTC, ETH, BCH, LTC (top 6 cryptos)
Phase 2 Expansion: Top 20–25 altcoins, including utility and security tokens.
"We only list tokens with proven value—never pay-to-play."
—Daniel Skowronski, CEO of DX Exchange
Limitations
- No U.S. customers (pending federal licensing)
- KYC requires email/phone verification
Leadership & Development
- Core Team: Former executives from OANDA, SpotBroker, and Forex Manage
- R&D: 72-person team based in Israel
Industry Implications
Nasdaq's involvement signals accelerating institutional adoption:
- Goldman Sachs recently launched Bitcoin futures contracts
- NYSE is exploring crypto services
👉 Explore institutional crypto trends
FAQ
Q: When will DX.Exchange launch?
A: Scheduled for next month (exact date TBA).
Q: Is DX.Exchange available in the U.S.?
A: Not currently—management is pursuing federal licensing.
Q: How does Nasdaq’s tech improve DX.Exchange?
A: It provides battle-tested matching engines and enhanced security protocols.
Q: What makes DX.Exchange’s fee structure unique?
A: Lite accounts offer zero trading fees (10 EUR/month flat rate).
Disclaimer: Regulatory details are pending official Nasdaq confirmation.