The Gibraltar Blockchain Exchange (GBX) has opened its Digital Asset Exchange, a cryptocurrency trading exchange, to public trading.
GBX announced the public launch of the Digital Asset Exchange in a July 23 press release, revealing that users could now trade Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), and Rock Token (RKT), the exchange’s native token, on the platform.
Importantly, GBX also announced support for fiat-crypto trading. Users that have completed GBX’s Know Your Customer (KYC) procedures can use US dollars to purchase Bitcoin, Ethereum, and Rock Token on the Digital Asset Exchange.
The official launch of the Digital Asset Exchange followed a pilot project that saw 300 users test out the system from June 4. Test users helped to improve the UI and UX before the official launch.
GBX has prepared several promotions for the Digital Asset Exchange launch. Users that sign up before August 17 will be able to enjoy zero-fee trading until September 14, 2018. Furthermore, traders can compete in a trading contest for a grand prize of 1 million RKT.
The Digital Asset Exchange is part of the GBX ecosystem, which also includes an initial coin offering (ICO) launch platform called the GBX Grid. One project has already completed an ICO on the GBX Grid while three more projects are expected to conduct offerings on the platform in the near future.
According to the press release, the launch of the Digital Asset Exchange means that the GBX “now offers the complete journey” for ICO projects, “ from initial token sale through to the secondary market.”
Gibraltar has been positioning itself to become a major blockchain hub in Europe. The UK Overseas Territory announced efforts to establish a comprehensive legal framework for ICOs in February 2018.