- INX Limited: Fully Compliant Digital Asset Trading
For those wondering about those blue INX signs at Bitcoin 2021
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Disclosure: This article is for informational purposes only. All information herein was obtained from publicly available sources. In no way should this article be considered investment research or advice. The appearance of a buy or sell recommendation for any asset is strictly coincidental and unintentional. I’m not employed or paid by INX Limited or any of its affiliates. I am an INX tokenholder and may benefit from trading activity on INX Limited’s exchanges.
Cryptocurrency investors have been taken for quite the roller coaster ride in 2021 as market pundits, influencers, and governments seemingly take turns pumping and then FUDing on the market. The threat of increased regulation is one of the dominant themes on which the market is fixated. I think most agree that more rules and regulations will undoubtedly be required to keep the mass adoption of cryptocurrency moving forward. From the outside, the crypto market still looks like the Wild Wild West, and this is certainly inhibiting folks from getting involved. A slow-evolving regulatory framework will be ideal for crypto investors and service providers. Most potential retail investors, institutions, and those looking to transact with cryptocurrencies will demand a well-regulated and secure market before making any meaningful investments.
INX is in the process of launching fully compliant cryptocurrency and security token exchanges. But are not all of the crypto exchanges available today compliant? Probably not. Which is evident from several enforcement actions against exchanges in recent months. In 2018, understanding and anticipating increasing regulation, INX set out to launch its exchanges in full cooperation with regulators. As a result, INX will be where the smallest and largest investors meet, knowing that their trading is compliant with all rules and regulations.
INX Digital — Cryptocurrency
INX’s cryptocurrency exchange, INX Digital, opened to the public in select locations on May 20th. INX Digital offers a low-flat exchange fee of 0.20% with no confusing maker/taker fees. In addition, INX tokenholders will be eligible for reduced exchange fees. The robust trading platform hosts many tools, indicators, and views and accepts advanced order types, such as limit and stop orders. The platform will be accessible through an API and from both iOS and Android mobile devices.
INX Digital users can currently trade BTC, ETH, LTC, and ZEC on the platform, and INX intends to add more coins/tokens in the future. Also, the company recently announced that, through a partnership with Japan’s GMO Internet Group, the first Japanese Yen stablecoin will be available on INX Digital in the upcoming months.
Investors and traders can navigate to https://crypto.inx.co/ (notice this is not a referral link) and open an account today. INX is in the process of obtaining the Money Transmitter license that is required to operate its exchange in each state, including New York’s infamous BitLicense. However, the exchange is available outside of the United States. INX Digital is available here:
INX Digital has been available since March 29th to a select group of investors. Feedback from early users is currently being incorporated into the next platform update, so expect to see increased functionality and updated design soon.
INX Securities — Security Tokens
Security tokens, including the INX Token, will trade on the INX Securities platform. Although nascent now, the digitization of assets and distributed ledger technology is picking up steam. Investors and issuers find significant benefits from securities being listed on a blockchain, such as near-instant trade settlement and 24-hour trading. Almost every asset or cash flow can be tokenized and traded on INX Securities.
The INX Securities platform will likely launch in the third quarter. INX Limited has purchased OpenFinance to obtain its broker/dealer and ATS licenses. INX is in the process of upgrading and integrating the OpenFinance technology; the revamped platform is scheduled to be released in July.
Several issuers have indicated intent to list tokens for trading:
- Wave Whiskey 2020 Digital Fund: Fractional ownership of in-cask Kentucky whiskey
Pixelmatic’s Infinite Fleet: Epic MMO video game created by Samson Mow
KlickOwn AG: Tokenized Real Estate
Diamond Standard: Digitally traded diamond commodity
SolidBlock: Tokenized Real Estate
Investors will also be able to trade the INX Token on the INX Securities platform. In addition, security token traders may opt to pay exchange fees with INX Tokens to receive a discount.
Why Two Exchanges?
Due to regulatory restrictions, securities and cryptocurrencies need to trade on different exchanges; however, INX intends to bring the two exchanges under one roof for a seamless experience.
The INX security token is the first fully registered security to IPO on the blockchain, in which the company issued approximately 95 million tokens. Tokenholders are entitled to 40% of INX’s annual Adjusted Operating Cash Flow. Owners on March 31st will receive the distribution for the prior year if any. Tokenholders may elect to receive the dividend in USD or ETH. However, tokens held in the INX treasury are not eligible for the distribution.
INX Digital users that hold the INX Security Token will be eligible for a discounted fee. And people trading security tokens on INX Securities may pay exchange fees with INX Tokens to receive a discount. Of the tokens received as payment for fees, 20% will remain in the treasury, ultimately reducing the circulating supply eligible for the annual distribution.
The INX Token is scheduled to begin trading on INX Securities in July.
Visit the INX Limited website to learn more: https://www.inx.co/
Click Here to sign up to trade cryptocurrencies
Click Here to sign up to trade security tokens (including the INX Token)
Join the Telegram: https://t.me/INXCommunity
- Date of publication:
- Wed, 06/09/2021 - 20:15
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