Posted on

The Pioneer Fully Regulated Crypto Exchange Has Launched

0 Total shares
Crypto Exchange

The first soon-to-be regulated exchange for crypto assets is open for beta testing. will be regulated under the MiFID II framework, pending approval by the Financial Markets Authority, a member of ESMA (European Securities and Markets Authority). The CEO of, Luka Gubo, stated that the crypto exchange represents the best way of recognizing new asset classes in cryptocurrencies and using regulations to protect the interests of the customers and those of the exchange.

The Cryptocurrencies On The Trading Block

The crypto exchange launched by listing the top cryptocurrencies in today’s cryptocurrency market. The digital currencies include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). Apart from the above-mentioned tokens, the addition of tokenized assets, security assets, and Crypto Traded Indices will gradually happen this year. is ready to start registering people and expects to start fully in two months.

Crypto Exchange Stats

Under the jurisdiction of the Financial Markets Authority (a member of Europeans Securities and Markets Authority), there are well over 1500 registered cryptocurrencies at over 170 exchanges. About one trade takes place per second. Of this figure, none of them finds registration under this regulatory framework. Furthermore, it is extremely difficult to get institutional investors to invest in such unregulated asset exchanges. They tend to consider cryptocurrency volatile and risky.

Gubo, who has spent lots of time trying to woo fund managers to look toward cryptocurrency, tweeted that although there is high interest among fund managers to invest in cryptocurrency, they often give into discouragement because it is highly volatile. He calls for further regulation to reduce its volatility as a way of encouraging investors to bring in their money.

Divergent Views

Gubo, a one-time quantitative finance minister, says that the unregulated exchanges believe that regulated ones bring unwelcome competition. He further said every exchange needs to follow the rules and that the regulatory framework creates a level playing field. Asked about his view on Initial Coin Offerings (ICOs), he said that the exchange would start listing them ASAP. He further argued that the unregulated exchanges have unfair advantages. Gubo says they can do anything they like just to stay in business, unlike a regulated crypto exchange.

Cryptocurrency arguments are everywhere lately. The issue is the medium of exchange for payment of goods and services allows the identities of the transactors to remain anonymous. Consequently, governments around the world have enacted laws that stipulate its outright ban.

Correction: An earlier version of this article stated that the FMA already approved’s application for license, but it is still pending approval.

Join our Telegram Group To Stay Up To Date With Crypto News


Daily updates


We are your go-to news source for everything cryptocurrency and blockchain in the U.S. and internationally.

CryptoBlockWire is your home for the latest cryptocurrency and blockchain news. It’s our job to provide you with access to the latest breaking news regarding Bitcoin, altcoins, and blockchain technology. There is nothing more exciting than being at the forefront of the cryptocurrency movement and financial consumer technology. CBW’s extremely knowledgeable writing staff use their experience and enthusiasm to publish the most current, accurate, and helpful stories in the entire crypto-sphere.