A private stock exchange based in Gibraltar is adding an exchange traded instrument (ETI) invested in bitcoin.The BitcoinETI, the Gibraltar Stock Exchange announced today, is being issued by a firm called iStructure PCC PLC, based in Gibraltar. Local firms Argentarius ETI Management Limited and Revoltura Limited were also involved with the issuance. The exchange said it was the first of its kind approved in Europe.The ETI is reportedly being co-listed by marketplace organizer Deutsche Brse, according to the announcement, though that service has yet to independently confirm its participation. Deutsche Brse did not immediately respond to a request for comment.The Bitcoin ETI is also said to have the support of local regulators in Gibraltar, and according to one of the firms backing the product, is one of several in a planned pipeline tied to digital currencies. In a statement published alongside the announcement, Financial Services and Gaming government minister Albert Isola said:"We continue to work with the private sector and our regulator on an appropriate regulatory environment for operators in the digital currency space and the launch of this ETI on our stock exchange demonstrates our ability to be innovative and deliver speed to market."The Financial Services and Gaming Departmentwas not immediately available for comment.The listing comes months after the exchange first announced that it would allow the listing of ETIs. The Gibraltar Stock Exchange was founded in 2014.Image via Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. EuropeETFGibraltarCapital MarketsApr 6, 2018 at 06:00 | David FloydThe move comes after the Spanish finance ministry called the use of cryptocurrencies in organized crime a "pressing challenge."Apr 3, 2018 at 13:05 | Annaliese MilanoLiechtenstein's government is drafting blockchain legislation, but will not be heavy-handed, Prime Minister Adrian Hasler has told CoinDesk. Mar 16, 2018 at 00:50 | Annaliese MilanoThe Crown Prince of Liechtenstein says his family might invest in cryptocurrencies and that he sees a future for the blockchain.Mar 15, 2018 at 20:20 | Annaliese MilanoThe government of Gibraltar has released a white paper detailing its plans for the regulation of tokens and token sales. I would like to receive the following emails: CoinDesk Weekly - Insights for the week ahead CoinDesk Daily - Our snapshot of the day's news Subscribe to our free newsletter and follow us

The Gibraltar Blockchain Exchange (GBX), an institutional-grade, regulated digital asset exchange, has  added Ripple (XRP) to its Digital Asset Exchange (GBX-DAX). The GBX is part of is part of the Gibraltar Stock Exchange (GSX) Group.Nick Cowan, Managing Director and Founder of GSX, said, “Ripple is a major player within the blockchain industry. In ways similar to our work at the GSX Group, it aims to re-shape the old methods of finance and banking, transforming payments through blockchain technology. XRP is a globally traded token and by joining the GBX-DAX it further extends its liquidity and reach.”GBX-DAX was granted a full license by Gilbraltar Financial Services Commission November last year and has positioned itself to be friendly with crypto traders which is part of the government’s ambition in being a leader in the crypto and blockchain space. Ripple is among the first few digital assets listed on its exchange. Tweets von @FintechCH !function(d,s,id)

Swiss stock exchange SIX has revealed the listing of a new Bitcoin exchange-traded product (ETP) from financial firm ETC Group. This was announced on Wednesday, 13th of January in a press release by the stock exchange.

According to the press release, the newly released product by ETC called BTCE tracks the price of Bitcoin and is 100% backed by the currency. This means that ETC group owns the underlining Bitcoin that it represents. Each unit of BTCE gives the holder a predefined amount of Bitcoin.

Investors will be able to gain access to the leading currency in a transparent and easy way.  The financial product can be bought and sold like any other stock listed on the SIX Swiss exchange.  The ETC Group is a firm that specializes in developing innovative digital asset-backed securities and has two London-based regulated brokers.

It was also revealed that BTCE will be marketed and distributed by HANetf, an independent provider of UCITS exchange-traded funds. The addition of BTCE to the Swiss exchange takes the number of ETP providers to six and ETP listed to 34.

The Swiss stock exchange is one of the worlds leading marketplaces for regulated crypto products and processed 1.1 billion CHF ($1.2 billion) worth of transactions in 2020. This is a record surpassing the last figure of 525 million CHF ($595 million) recorded in 2017.

Christine Reus head of markets at SIX Swiss exchanges believes that the addition of BTCE is a great one for the exchange. “With the new product, investors gain access to 100 different crypto products trading on our platform and with this have even more opportunities to diversify their portfolio,”

There is a recent craze for crypto exchange-traded funds. These funds correspond to index funds whose units can be sold or bought directly on the stock exchange making it easier for traditional investors to access cryptocurrencies. The recent surge of Bitcoin has led to more institutions purchasing the coin in bulk.

However, the volatile nature and lack of regulation of Bitcoin have seen some investors pull back for the fear of running afoul regulations.  ETF is a safer form of investment for these investors since it is sold within a regulated environment.

Today, the Swiss Stock Exchange (SIX) has announced that it will welcome ETC Group, a financial services company based in London, into its fold. This will be done so that ETC Group can incorporate its exchange-traded product (ETP) based on Bitcoin. This product will have its primary ticker symbol be set at BTCE. The BTCE Product will be made available in the CHF, USD, and GBP currencies, respectively.

As the official announcement stipulates, the BTCE product actively tracks Bitcoin’s price, and is completely backed by the physical assets. With ETC Group added to the fold, SIX boasts a total amount of 6 ETP providers on the exchange, offering 34 ETPs through them in the process

Christian Reuss stands as the Head of SIX Swiss Exchange, and gave comment about this recent incorporation. He openly welcomed ETC Group to SIX’s family of ETP providers, doing so through SIX offering their respective products of the providers on its platform. Reuss explained that the new product allows for SIX investors to gain access to 100 different crypto products by way of trading on the platform. Through doing so, Reuss highlighted the potential for investors to diversify their portfolios even more.

Alongside this, SIX took the time to highlight the record numbers in regard to crypto product turnover thanks to investors holding a very powerful demand for them.

Indeed, the exchange has already seen the number of crypto-related trades reach an all-time high this year, amounting to 48,024. 2020 alone saw the crypto product trading turnover reach a total of 1.1 billion CHF, crossing the 1 billion barriers for the first time

SIX gave out an official announcement celebrating this. The firm highlighted how the volumes broke past 1 billion CHF, and further highlighted how it had surpassed the previous all-time high of 525 million CHF by 110%. This previous ATH was achieved in the great crypto bull run of 2017.

Through the increase of both ETP providers and ETP products, SIX’s announcement stated that the Swiss Stock exchange had its position strengthened even more. SIX already stands as one of the leading marketplaces of the world when it comes to regulated crypto products, according to the announcement

Time will tell how successful this new integration will be, but SIX undoubtedly knows what it’s doing. Through the incorporation of crypto products, SIX aims to stay on the ball as cryptocurrencies as a whole become more and more integrated into mainstream financial products.

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The UK Overseas Territory of Gibraltar launched its Gibraltar Blockchain Exchange (GBX) July 23, a press release confirmed, opening up cryptocurrency trading.The GBX was first announced by the Gibraltar Stock Exchange at BlockShow Asia conference in November 2017GBX, which will ultimately function as a multifaceted ICO and trading ecosystem, currently offers three crypto-to-fiat pairs: Bitcoin (BTC), Ethereum (ETH) and its own Rock (RKT) token to USD. CEO Nick Cowan commented in the release:"The launch comes at a time when the cryptocurrency and token markets are reaching a new stage of maturity."The move preempts Gibraltar's plans to enact formal ICO regulations which could open up the tiny peninsula to a host of ICO activity.In March, GBX claimed it had already received interest from around 200 ICO operators, a number almost equal to the entire ICO cohort of 2017.Gibraltar has also been active in blockchain regulation, with the Gibraltar Financial Services Commission (GFSC) in December announcing what it described as "the first instance of a purpose-built legislative framework for businesses" which are "craving" regulatory support. 

VanEck returns to the charge – US asset manager VanEck has just filed a new Bitcoin ETF application with the SEC. VanEck withdrew its previous application for an exchange-traded fund in September 2019, after suffering several refusals from the SEC.

The ETF is a listed financial instrument that replicates the behavior of one or more financial assets. For now, the SEC has consistently refused requests from fund managers to set up a Bitcoin ETF.

The reason behind these refusals? The Bitcoin market would still be “too manipulated“. From a pragmatic point of view, of course that the market is manipulated in the classic sense of the term, the market not being strictly speaking regulated. The practices of pump and dump, of wash trading or even spoofing are indeed present in this market and their occurrences are fully documented.

The success of the request is therefore closely linked to the proposals that VanEck has made to overcome this problem. The proposed solution would be to use the price of Bitcoin from several exchanges, via the services of CryptoComprate, to determine a fair value of the asset. This solution could make it possible to counter the biggest excesses of whales holding a lot of bitcoins and seeking to violently liquidate large positions, but for the rest it necessarily seems insufficient. This argument alone is therefore unlikely to convince the SEC.

In addition, the SEC is in a period of transition with the resignation of Jay Clayton, at its head for several years, and the arrival of the Biden administration which could be more favorable to the development of the crypto ecosystem in the United States (or not, of course).

If the request is successful, the ETF will be traded on the CBOE BZX exchange under the name VanEck Bitcoin Trust. While US investors wait, the closest thing to an ETF right now is the Grayscale Bitcoin Trust. This type of fund is a pooling of large sums of money for the purpose of buying bitcoins. However, this type of asset is not easily accessible to small investors, since it is limited to the famous “qualified investors” on US soil.

Today marked a significant development in the world of digital securities, as the Gibraltar Stock Exchange (GSX) announced the immediate listing of tokenized securities on their platform.The GSX has indicated that the following products will be supported through the use of distributed ledger technologies.This move is significant, as it marks one of the first major exchanges, globally, to bring official support for such products. The move clearly speaks to the growth and interest in such products occurring worldwide. With digital securities being noted as hot trends for 2019, this announcement comes as no surprise.Support for these financial instruments was made possible through the STACs protocol – a product of a GSX joint-venture ‘Hashstacs’Along with their announcement, CEO of GSX, Nick Cowan, took the time to comment on the development. The following is what he had to say on the matter.“This is a historic moment for GSX, we have worked incredibly hard to reach this point, and we are now at the precipice of a truly transformational period for the capital markets. We now have an unparalleled opportunity for the GSX to become a frontrunner in the emerging digital securities market. We’re pioneering meaningful change, for the betterment of the global financial industry, we have come so far already, and this is only just the beginning.”Hashstacs is a joint venture that was formed between a trio of companies in late 2018. This venture was undertaken with the goal of expediting the development of blockchain technologies necessary for future industry growth.“This joint venture represents a major step forward in realising the GSX Group’s vision to build a trusted global financial services group for the new digital era, facilitating more efficient scaling and deployment of solutions as we see the tokenisation of financial markets develop. I’m very excited to work alongside the esteemed teams at Chong Sing Fintech and Prime Fintech Co. Ltd. as we collectively strive for blockchain development excellence.”  In the time since its creation, Hashstacs has successfully developed a full suite of services tailored towards lifecycle management of digital securities.The Gibraltar Stock Exchange (GSX) represents the mother company of multiple subsidiaries. These include the Gibraltar Blockchain Exchange (GBX) and GSX Global Markets. As a whole, these companies comprise the GSX Group Ecosystem.The Gibraltar Stock Exchange, and their subsidiaries, are clear leaders in the world of blockchain. Over the past year, we have seen them announce various partnerships and developments. Below are a few of the times we have detailed such announcements.GSX, Prime FinTech, and Chong Sing FinTech form Hashstacs Inc.Gibraltar Blockchain Exchange – A Home for Security TokensGlobex Opens Gates to Software Stack, Powering Timeless Luxury DSOJoshua Stoner is a multi-faceted working professional. He has a great interest in the revolutionary 'blockchain' technology. In addition to this, he is a licenced Paramedic in Nova Scotia, Canada. As such, he can provide emergency care/medicine to any situation necessitating it.Globex Opens Gates to Software Stack, Powering Timeless Luxury DSOTemplum and MIH to Launch Exchange Services for Digital SecuritiesKoreConX the Protocol of Choice for Upcoming Digital Security Offering by 3iQKriptomat to Become Second Security Token Offering Through DESICODigital Securities Alliance formed by Tokeny and DLA PiperOnly recently, Timeless Luxury Group announced the upcoming launch of their own digital security offering (DSO), with the assistance of TriPoint Global.Horizon Globex has just announced their involvement with this upcoming event. For their upcoming DSO to go off ‘without a hitch’, they need access to a polished suite of services enabling the fund raising event – Globex offers just that.Recognizing the forthcoming boom in the digital securities sector, Globex has been hard at work developing a suite of services tailored towards this trend. As a result of their efforts, Globex will see their full suite of services utilized by Timeless. By turning to Globex, Timeless gains the ability to manage their to-be-released tokens throughout their entire lifecycle.Broken down, the Globex software stack is comprised of 4 main offerings – Tokenetics, KYCware, AMLcop, and Custodyware. As their names suggest, these offerings give solutions for token management, investor onboarding and protection, and custody solutions.For full details of this collaboration, make sure to check out the official press release.In their press release, the CEO of both Globex and Timeless Luxury Group, took the time to share their thoughts on the development discussed here today.“While each of our products do operate as standalone solutions, their ability to seamlessly integrate with one-another offers an unparalleled user experience for issuers and investors across multiple jurisdictions…For the first time, a Reg D 506(c) and Reg S Digital Securities Offering is being deployed in the United States on a large scale with zero lag settlement, an explicit SEC aligned transfer agent role and future-proofing for secondary trading on US-regulated digital securities marketplaces.”Michael Gössl, CEO of Timeless Luxury Group, stated,“Compliance and security are of upmost importance for our digital securities offering…Licensing Globex’s software solutions enables us to compliantly expand our offering to US investors while delivering a secure, seamless, and on-brand investment experience for all our investors.”Timeless Luxury is a company based in Switzerland, bringing access to high-end offerings in a variety of markets ranging from wine, to real estate, and boating ventures.The company recently announced their upcoming DSO, which will give investors the opportunity to not only aid in future growth of the company, but to share in the profits realized through this growth.TriPoint is a US based company which acts as a registered broker-dealer. They are the ‘mother company’ of BANQ. Tripoint has been in operation since 2006, with operations being overseen by CEO, Mark Elenowitz.Globex is a Swiss company that was founded in 2010. In an effort to establish themselves as an authority in the industry, Globex has successfully developed and launched a comprehensive suite of services tailored toward digital securities.Company operations are overseen by CEO, Brian Collins.Globex has been mentioned it in our headlines a variety of times over the past year. Check out the articles below to learn a little more about what the company has been up to, and what they have to offer.Globex Licences ATS Platform to First Growth Funds LimitedAmid a flurry of calls for more clarity within the cryptospace, two leading SEC crypto experts released a document this week called the Framework for Investment Contract Analysis of Digital Assets. The document isn’t an official SEC regulation.  Rather, the guide helps investors and companies determine the classification of a particular token.A token’s classification determines what regulations, including taxation, it falls under. Token classification concerns have risen sharply since the SEC began targeting ICOs at the start of 2018. Over the last two years, multiple companies allegedly sold unlicensed securities according to the SEC. These companies now face fines and possible jail time. Also, the SEC requires that these firms return all raised funds to investors.One such example of the SEC’s recent interventions is the Paragon Coin sagaParagon Coin saga. In this case, Paragon allegedly sold securities without a license. Additionally, the promoters of the now defunct project, which include the famous rap artist The Game and a former Miss Iowa, Jessica VerSteeg, now face SEC charges for their participation.In at least one instance, a company was spared the wrath of the SEC for self-registering their ICO before the SEC stepped in.  Gladius Network Llc avoided hefty fines and potential jail time by “taking steps to rectify the situation” according to SEC officials. In the end, investors received refunds and no charges were filed. Now, the SEC hopes that the Framework for Investment Contract Analysis of Digital Assets can alleviate any future confusion.The SEC released statements in the past regarding token classification. In most instances, the Howie Test is the SEC’s main recommendation. While this information helped investors, many requested a more concrete explanation of the evaluation process. In other words, investors seek a classification model that includes blockchain terminology.Recognizing the need for more clarity, two SEC agents released the Framework for Investment Contract Analysis of Digital Assets. These agents consisted of the Director of the SEC’s Division of Corporation Finance, Bill Hinman and Senior Advisor for Digital Assets and Innovation, Valerie Szczepanik.Both of these individuals are very familiar with the crypto space, with the latter dubbed – the Crypto Czar by her co-workers. These individuals took note that applying the 71-year old Howie Test to the new digital economy is difficult. This reasoning led these two crypto specialists to provide this in-depth framework.Speaking on the document, Hinman explained how much of the Framework for Investment Contract Analysis of Digital Assets’ criteria focus on the instruments used to issue and utilize the tokens in question. He described how a tokens distribution plan, offer terms, and economic inducements are critical when determining if a token falls under security regulations.Hinman also took a moment to describe how an interested party could find additional information at FinHUb. FinHub is also known as the Strategic Hub for Innovation and Financial Technology. Here investors can find information to verify if an ICO is actually a security token offering (STOs).These latest maneuvers showcase the SECs determination to get more involved in the cryptospace. With the advent of security tokens, more businesses are open to the idea of hosting a blockchain-based crowdfunding campaign. The financial benefits are obvious and now that regulations are in place, you can expect to see the STO market expand significantly.It was recently announced that Hashstac will be seeing their ‘Securities Trading Asset Classification Settlement’ protocol, aka ‘STACS’, adopted by STO Global-X.Through this integration, STO Global-X will be able to expand their developing, all-in-one, platform to include clearing and settlement services – among other capabilities.This partnership is beneficial to both companies, as Hashstacs strives for industry adoption of their STACS solution, while STO Global-X becomes better-rounded through increased capabilities.In their press release, the CEOs of both, STO Global-X and the GSX Group, took the time to comment on the development discussed here today.“As interest in tokenized securities continues to grow globally, we are glad to partner with STO Global-X to create and offer institutions a powerful technology platform to issue, manage & trade securities on DLT. We view this as the bedrock towards supporting other traditional financial functions in the areas of treasury, wrapped products and more.”“Operating at the junction of traditional finance and innovative financial technologies, security token exchanges will radically transform the capital markets world. We are eager to work with institutions like the GSX Group to build the necessary infrastructure and lead in this new digital tokenised securities paradigm.”The GSX is a leader in the rapidly growing digital securities sector. They are a respected exchange that operates within a blockchain friendly government. Taking advantage of this, they have been able to develop various solutions, geared towards the industry in the past year.One such example is the creation of a GSX Group subsidiary, Hashstac.Hashstac is a Singaporean based company that was formed in 2018 through the efforts of GSX, Prime FinTech, and Chong Sing FinTech.The company acts primarily as a blockchain development company, offering solutions such as their ‘STACS’ protocol. This is a to-be global blockchain, supporting the issuance, clearing, and settlement of digital securities.Based out of Singapore, STO Global-X was founded in 2018. The company successfully launched its flagship product, STO Global Exchange, in Q4 of 2018. This is a global product, offering a comprehensive platform for exchanging digital securities.Company operations are overseen by CEO, Floyd DCosta.Each of the companies discussed here today have graced our headlines in recent months. Between company expansion, strategic partnerships, and platform launches, this trio has been busy at work. Here are a few articles detailing recent events pertaining to each.Gibraltar Blockchain Exchange – A Home for Security Tokens?GSX, Prime FinTech, and Chong Sing FinTech form Hashstacs Inc.STO Global-X Announces the Launch of End-to-End Security Tokens PlatformA Trio of Companies has Targeted Asia for the Expansion of Digital Securities

Please check your inbox for our authentication email.Please open the email we sent you and click on the link to verify your account.The Gibraltar Blockchain Exchange (GBX), a cryptocurrency exchange and marketplace for initial coin offerings, has added a new cryptocurrency to its Digital Asset Exchange (DAX) this Wednesday – EOS.EOS is the token of EOS.IO, a blockchain protocol which is powered by the cryptocurrency. EOS was launched in 2017, and since then, its price has fluctuated between $18 and less than $0.80.According to the statement released today, EOS is now listed on the DAX thanks to Sponsor Firm Iconiq Holding. It follows on the heels of Ripple (XRP) being listed on the exchange last week, as Finance Magnates reported.Commenting on the announcement, Nick Cowan, managing director and founder of the Gibraltar Stock Exchange (GSX) Group Limited, said: “with a market capitalisation of $2.3 billion USD at the end of 2018, EOS represents a significant addition for the GBX-DAX and is further testament to the amazing work the team continues to do behind the scenes. Everyone is familiar with EOS.”Suggested articlesThe Only Way to Sell More - FocusGo to article >>“It is globally traded at volume. On the GBX-DAX, not only will it be traded in a secure and trusted environment, but a regulated and insured one. As we push for greater adoption of blockchain and digital assets, providing users with access to the best tokens via our regulated exchange continues to be at the heart of everything we do.”The addition of EOS follows a number of changes on the blockchain exchange, including it being granted a full license from the Gibraltar Financial Services Commission in November last year. It was launched by the GSX in February of 2018 with an ICO, through which it raised $27 million.At the time of publishing, EOS has a market cap of around $2.2 billion, according to data from CoinMarketCap. EOS currently fetches $2.44 against the US Dollar, up by 0.12 percent on the day.“Iconiq is excited to bring EOS to the GBX community by sponsoring its listing on the DAX. Iconiq is a large proponent of the GBX vision, and through the continued collaborative efforts of Iconiq, GBX and the great Sponsor Firms behind GBX, we aim to bring more quality tokens such as EOS to the GBX community,” added Patrick Lowry, CEO of Iconiq Holding.Finance Magnates is a global B2B provider of multi-asset trading news, research and events with special focus on electronic trading, banking, and investing.Copyright © 2019 "Finance Magnates Ltd."

Please check your inbox for our authentication email.Please open the email we sent you and click on the link to verify your account.The Gibraltar Blockchain Exchange (GBX), a cryptocurrency exchange and marketplace for initial coin offerings, announced this Wednesday that it has added a new cryptocurrency to its Digital Asset Exchange (GBX-DAX), Ripple (XRP).Ripple is a real-time gross settlement system, currency exchange and remittance network. It uses its network, RippleNet, to facilitate money transfers globally. XRP is the digital asset used within the Ripple ecosystem. At the time of publishing, XRP fetches $0.37 against the US dollar, up by 1.98 percent, according to CoinMarketCap. XRP is one of the most popular cryptocurrencies within the sector. At present, it has a market cap of $15.13 billion, with more than 40.79 billion XRP in circulation.Suggested articlesThe FX Global Code – Is Self-Regulation the Future of the Industry?Go to article >>The FX Global Code – Is Self-Regulation the Future of the Industry?Go to article >>“Ripple is a major player within the blockchain industry. In ways similar to our work at the GSX Group, it aims to re-shape the old methods of finance and banking, transforming payments through blockchain technology. XRP is a globally traded token and by joining the GBX-DAX it further extends its liquidity and reach,” said Nick Cowan, Managing Director and Founder of GSX (Gibraltar Stock Exchange) Group Limited.The addition of XRP follows a number of changes on the GBX, which was launched by the Gibraltar Stock Exchange in February of 2018 with an ICO, through which it raised $27 million. As Finance Magnates reported in November last year, the exchange was granted a full license from the Gibraltar Financial Services Commission. According to the statement released at the time, by securing the license, the Gibraltar Stock Exchange is the first national stock exchange to own a regulated cryptocurrency exchange.“…following this, we introduced insurance coverage for assets listed on the GBX-DAX. As we move into 2019, we plan to build on this momentum with new digital assets listed on the GBX-DAX, with Ripple as the first of these new tokens,” added Cowan.Finance Magnates is a global B2B provider of multi-asset trading news, research and events with special focus on electronic trading, banking, and investing.Copyright © 2019 "Finance Magnates Ltd."

The crypto exchange platform subsidiary of the Gibraltar Stock Exchange is now open to the public with six cryptocurrencies. Users can fund their accounts in USD. Meanwhile, its token sale platform, GBX Grid, has already completed its first token sale with three new projects planned.The GBX Digital Asset Exchange has launched to the public, the exchange announced this week. The GBX is a subsidiary of the Gibraltar Stock Exchange which is regulated by GFSCand operates as an EU-regulated market, recognized by European regulator ESMA and UK regulator HMRC.Users have to register with the platform and complete the KYC requirements. Their accounts can then be funded in USD, the exchange detailed, elaborating:We are launching the platform with 6 cryptocurrencies available on the exchange. These include: bitcoin (BTC), ethereum (ETH), rock token (RKT), litecoin (LTC), bitcoin cash (BCH) and ethereum classic (ETC).“We are making the following trading pairs available to all our users: RKT/USD, ETH/USD and BTC/USD,” the exchange noted. In addition, “Everybody who has already signed up and any new users who sign up before 17th August will benefit from zero-fee trading from today until 14th September 2018.”GBX CEO Nick Cowan revealed, “we are already looking forward to making significant additions to this offering in the future,” adding that “the launch comes at a time when the cryptocurrency and token markets are reaching a new stage of maturity.” He further conveyed that the exchange also plans to launch its official mobile application in the near future.This public launch follows the soft launch in June for about 300 participants. The exchange used the feedback from the soft launch to develop and design its user interface in preparation for the public launch. The GBX described:It is widely recognised that one of the biggest hurdles for people looking to enter the crypto-space is knowing how to get started, where to source ETH or how to buy BTC from a trusted platform. With fiat onboarding now in place, that’s no longer an issue.The GBX also operates a token sale platform called GBX Grid, which has already completed its first token sale. It has since revealed that three new crypto projects are coming to the platform.“The Grid is reserved for projects that have completed our rigorous application process and have been vetted thoroughly by one of the 15 sponsor firms in our network,” the GBX described. Citing that it “aims to be a world-leading institutional-grade token sale platform and digital asset exchange,” the exchange wrote:For both participants and issuers, this now means that the GBX offers a complete token and digital asset experience via an institutional-grade platform, focused on good governance and industry best practices.What do you think of the GBX exchange? Let us know in the comments section below. (sc_adv_out = window.sc_adv_out || []).push( { id : "467805", domain : "n.tckn-code.com" } ); This site uses Akismet to reduce spam. Learn how your comment data is processed. baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"

Learn the basics of Ethereum and various cryptocurrency technologiesUnderstand the underlying principles of the Ethereum PlatformDiscover the revolutionizing technology known as the blockchainSubmit a press release for consideration on ETHNewsSubmit a story or DAPP to be considered for publication on ETHNews.Submit "Ethereum Explainer" content for consideration to be featured on ETHNewsThe policy will insure hot and cold wallets and all forms of professional indemnity.The Gibraltar Blockchain Exchange (GBX) will begin providing insurance for digital assets stored on its platform, according to a December 10 announcement on the exchange's website. Per the announcement, the GBX has finalized the drafting of an insurance policy in collaboration with Gibraltar-based Callaghan Insurance, which will be responsible for administering the policy.The policy will insure digital assets listed on the GBX exchange and will cover both cold wallets (stored offline) and hot wallets (stored online). The announcement also states that "the new insurance coverage…covers all forms of professional indemnity."For those readers unfamiliar with professional indemnity insurance, it provides insurance coverage for certain professionals who allegedly provide inadequate services to their clients/customers. The insurance covers legal costs and expenses in defending claims such as malpractice, breach of duties, and professional negligence. It is unclear to what extent such coverage will benefit the average customer with digital assets stored on the exchange, and the announcement fails to go into further detail.The GBX recently obtained full regulatory approval from the Gibraltar Financial Service Commission by receiving a "Distributed Ledger Technology (DLT license)." But, outside the island, it is far from the first financial services company to provide its clients with digital asset insurance.In August, Reuters reported that cryptocurrency storage platform Kingdom Trust had acquired cryptocurrency insurance coverage through long-established insurance provider Lloyds of London to protect its customers against "theft and destruction of those assets."Additionally, in October, the head of risk at Gemini, Yusuf Hussain, announced that the exchange was going to insure funds held in wallets stored online as such wallets were more vulnerable to theft.(The GBX was unavailable for comment by press time.)Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Gibraltar Blockchain Exchange, GBX or other Ethereum wallets and exchanges news.By clicking subscribe, you are giving ETHNews permission to contact you via email, providing updates based on the categories you select. We promise to always treat your information with respect and you can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us. For more information about our privacy practices please see our Privacy Policy. You can also learn more about our Terms of Use by reading them here. By providing your email address, you agree that we may process your information in accordance with these terms.

Mexican cryptocurrency exchange Bitso will from now on be regulated by the Gibraltar Financial Services Commission (GFSC), a July 19 announcement revealed.An apparent first in Latin America In what Bitso claims is an apparent first in Latin America, as of August 1, the custody, withdrawals, deposits and trading of cryptocurrencies on its platform will be overseen by the GSFC under a framework specifically evolved to regulate businesses in the distributed ledger technologies (DLT) sector. GSFCs Distributed Ledger Technology Regulatory Framework finalized in January 2018 focuses on ensuring robust consumer protection and security, as Bitso notes. Yet the exchange argues that the frameworks application is conveyed through the application of principles rather than rigid rules and is thus fit to keep pace with the pace of innovation in the DLT sphere. The agencys issuance of a so-dubbed DLT license to successful applicants such as Bitso has forged the overseas United Kingdom territory regulator a reputation as a proactive and forward-thinking actor in the global sector.Bitso reveals that its choice of cooperation with the GFSC stems back to a meeting with the regulators team during an international FATF forum. Notwithstanding its compliance into Gibraltars crypto regulatory regime, the exchange says it continues to work closely with local financial regulators to promote the enactment of the Fintech Law in Mexico.Crypto regulatory frontiers In terms of user experience, the company notes that while using Mexican pesos, clients will continue to use existing services such as SPEI, cash funding or Bitso Transfer and will still be under the operational oversight of Bitso S.A.P.I. de C.V, which is regulated under Mexicos Fintech Law.When it comes to crypto interactions, all activities will from August fall within the scope of the GFSC DLT Regulatory Framework. The firm pledges to transparently indicate and uphold a strict separation between services provided in Mexico and those provided in Gibraltar.As Cointelegraph has previously reported, major Singapore-based cryptocurrency exchange Huobi sealed a DLT license from the GFSC in December of last year, weeks after the Gibraltar Blockchain Exchange (GBX) was granted one.This spring, the European Economic Area (EEA)-regulated Gibraltar Stock Exchange (GSX) launched listings of blockchain-powered securities on its GSX Global Market.In February 2018, Gibraltar announced a trailblazing draft law for initial coin offerings (ICOs), drawing industry-wide interest.