Crypto exchange Blocktrade.com is all set to become the first fully MiFID II compliant exchange. Blocktrade.com announced on October 17 the launch of its crypto asset trading facility. The exchange platform is fully operational and it is presently in the process of acquiring a trading facility license under the MiFID II requirements. As of now, the exchange platform offers 12 trading pairs in 28 countries.
The Blocktrade.com exchange is a top-tier trading facility for crypto assets, crypto traded indices, security tokens and other tokenized assets. The exchange has a clear vision of establishing a new financial world ecosystem. It is partnering with market makers, security token issuers and other financial institutions who share the same high-level values and standards.
By acquiring the license for listing security tokens in an entirely regulated manner, crypto exchange Blocktrade.com has opened the floodgates for institutional capital to join the crypto markets. Based out of Liechtenstein, the exchange offers to trade between Euros (EUR) against Ethereum, Bitcoin, Bitcoin Cash, Litecoin and XRP. Security tokens will be added once Blocktrade.com gets the compliance approval.
The Prime Minister of Liechtenstein, Adrian Hasler stated that he is confident that the country’s present and future legal practice and framework will provide a robust foundation for the blockchain companies to provide exceptional services to investors, as reported on The Medium.
The Blocktrade.com platform is capable of handling one million trades per second. The platform offers institutional grade investment for mutual funds, brokerages, algorithmic and high-frequency traders and retail clients. The user data on the exchange platform is protected under the Swiss Federal Data Protection Ordinance (DPO) and the Federal Data Protection Act (DPA). Also, the exchange’s external and internal security measures are regularly audited.
Crypto exchange Blocktrade.com is not the only platform that is seeking to achieve full regulatory compliance in Europe. Another crypto exchange, ETERBASE is built around the concept of providing secure and fast transfers that are in line with all regulatory requirements and are also completely transparent, as stated in the Crypto Disrupt report.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]