Press Release

The Gibraltar Blockchain Exchange Announces Additional Fiat Onboarding Options in GBP and EUR

Gibraltar – 28 November, 2018 The Gibraltar Blockchain Exchange (GBX), which aims to be a world-leading institutional-grade token sale platform and Digital Asset Exchange, today announced new fiat onboarding capabilities. In addition to US Dollars (USD), users will now be able to onboard using British Pounds (GBP) and  Euros (EUR), with further fiat currencies set to be incorporated onto the exchange in the future.

The announcement continues a sustained phase of development, with the GBX having last week been granted a full licence as a provider of Distributed Ledger Technology (DLT) from the Gibraltar Financial Services Commission (GFSC).

“Today’s announcement marks yet another significant milestone for the GBX, building on our hugely successful public launch earlier this year, followed by the receipt of our full licence from the regulator in Gibraltar only last week. We strive to be the standard bearer in the industry, and adding GBP and EUR to our fiat onboarding capabilities gives expression to this work in action, while opening the door to a new wave of prospective users who want to explore the fast evolving crypto space,” said Nick Cowan, CEO of the Gibraltar Blockchain Exchange.

Having launched to the public in July 2018, the GBX Digital Asset Exchange (GBX-DAX) now lists a significant selection of tokens. The primary medium of exchange for trades on the platform is the GBX’s utility token STACS, an ERC-20 compliant utility token that can be used to pay and reduce trading fees; listing and sponsor fees; as well as for issuer staking.

The GBX offers account holders a unique opportunity to become a member of both a token sale platform, the GBX-GRID, and a cryptocurrency exchange , the GBX-DAX. Both platforms are built on institutional-grade best practices and good governance, derived from the capital markets experience gained through the GBX’s parent company, the Gibraltar Stock Exchange (GSX), an EU-regulated stock exchange. The GSX is the first stock exchange to own a regulated blockchain exchange.

“Broadening the reach of blockchain technology and cryptocurrencies to as many users as possible has always been at the heart of our efforts, and strengthening our fiat onboarding offering is part of this mission. Our firm belief in the principles of transparency, efficiency, and security have driven us to build a token sales platform that ensures the best utility for the wider trading community, giving them the most robust trading experience possible. I’m very excited to continue to build on this momentum into 2019 and beyond,” concluded Cowan.

Share
Published by

Recent Posts

Tomarket App – A Guide to $TOMATO Airdrop, Farming and Web 3.0 Drop Event

Tomarket, Telegram's mini-app hits 20+ million all-time users and 8.8+ million daily active users. Tomarket…

3 months ago

Binance Lists Decentralized and Open L1 Blockchain Toncoin (TON) on its Platform

Cryptocurrency exchange Binance, today announces the listing of Toncoin on its platform. Toncoin is a…

4 months ago

iGaming Platform BC.GAME Signs $40 Million Deal to Become Principal Partner of Leicester City

The iGaming platform BC.GAME has signed a landmark $40 million deal to become the "Official…

5 months ago

Coinbase faces new lawsuit that claims SOL, MATIC, NEAR, MANA, ALGO, UNI, XTZ and XLM are securities

Coinbase crypto exchange and its CEO, Brian Armstrong, faces a new lawsuit that claims Solana,…

7 months ago

Service Beyond Gaming: The Support Experience at HugeWin

In the world of online gambling, the quality of customer service can make or break…

8 months ago

Bitcoin (BTC) Cycle: Aiming for $155,000 Peak by August 2025

Since its launch in 2009 Bitcoin has experienced several cycles characterized by bull and bear…

8 months ago

This website uses cookies.