This press release (see below) detailed the move and outlined the specifics re crypto trading.
To begin with, the platform will offer trading on three crypto-to-fiat pairs: these are Bitcoin (BTC), Ethereum (ETH), and GBX’s native currency ‘ROCK’ (RKT), all to USD, respectively.
It is expected that more pairings will become available on the GBX platform in due course.
“Gibraltar is open for business”
Nick Cowan, CEO at GBX, said, re the launch: “Today marks the most exciting development on the GBX journey thus far and is a significant indication that Gibraltar is open for business.
“The launch comes at a time when the cryptocurrency and token markets are reaching a new stage of maturity,” he added.
Gibraltar is expected to introduce formal ICO regulations in the very near future which promise to make Gibraltar even more of a hotspot for crypto/ICO activity.
Gibraltar is already a popular launching country for ICOs thanks to its loose regulations on token sales; many ICOs list Gibraltar as their main office.
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.
The GBX Digital Asset Exchange is Now Open to the Public
After months of hard work, the team here at the GBX are proud to announce that the GBX Digital Asset Exchange is now live and open to the public.
This is the next stage in the development and evolution of the GBX ecosystem, and an important milestone in the journey towards large-scale adoption of crypto and institutional investment in digital assets.
Further to today’s major announcement, not only is the exchange now open to the public, but GBX-registered users will also have the option to on-board using fiat currency.
Effectively, customers will be able to fund their account in USD, starting right now.
“Today marks the most exciting development on the GBX journey thus far and is a significant indication that Gibraltar is open for business.
“The launch comes at a time when the cryptocurrency and token markets are reaching a new stage of maturity.” — Nick Cowan, CEO of the Gibraltar Blockchain Exchange.
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 on-boarding now in place, that’s no longer an issue.
Users of the GBX Digital Asset Exchange who have completed the KYC requirements will now be able to enter the space, easily and with confidence.
Starting today, we are making the following trading pairs available to all our users: RKT/USD, ETH/USD and BTC/USD.
Saying Thanks to Our Community
No major launch would be complete without a big thank you to all FORTs (Friends Of Rock Token) who make our community one of the best in the world. For that reason, we’re announcing today that 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.
If that wasn’t enough, we will also be announcing details later this week about our Exclusive Trading Competition.
The prize pool has been set at an outstanding 1,000,000 RKT.
It’s nearly time for traders to compete to see who really is the best.
All About the Experience
The 4th June soft launch saw 300 participants gain early access to the exchange.
The feedback received from the soft launch participants was vital to helping us develop and design the User Experience (UX) and the User Interface (UI) in preparation for the public launch.
Today 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 have made concerted efforts to ensure that upon our public launch, the GBX would host a number of leading cryptocurrencies and tokens to ensure utility for the trading community.
“We are already looking forward to making significant additions to this offering in the future as we continue to make sustained progress in offering users the most comprehensive trading options possible.
“As a part of our continued work towards facilitating greater cryptocurrency trading accessibility and reliability, we shall be launching the official GBX mobile application in the near future, bringing a world-class Digital Asset Exchange to the fingertips of our community of users.” — Nick Cowan, CEO of the GBX.
From Primary Token Sale to Secondary Market
The GBX Grid, the GBX token sale platform, has already completed its first token sale, and has since announced 3 new projects coming to the GBX (further details on token sales will be published in the near future). With the launch of the Digital Asset Exchange, this means the GBX now offers the complete journey — from initial token sale through to the secondary market.
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.
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.
The Next Step for RKT (Rock Tokens)
With our exchange now up and running and open to the public, the continued use for our utility token, RKT, is further expanded.
As well as the existing RKT utility (sponsor fees, issuer fees and issuer staking), the RKT’s utility will be extended by offering holders the opportunity to reduce their trading fees by settling their fees in RKT.
In addition, Rock Token holders will have the opportunity to also reduce their trading fees by holding a specific minimum amount. More details will be released soon.
Anyone can register for access to the platform and once they have completed our KYC requirements, they will be able to trade using the GBX Digital Asset Exchange. Sign up today by clicking here.
To find out more about GBX, visit:
- Medium: https://medium.com/@Gibraltar.Blockchain.Exchange
- LinkedIn: https://www.linkedin.com/company/18286558/
- Facebook: https://www.facebook.com/GibBlockEx/
- Twitter: https://twitter.com/GibBlockEx
- Telegram: https://t.me/GBXCommunity
- Reddit: https://www.reddit.com/r/GBXCommunity/
- BitcoinTalk: https://bitcointalk.org/index.php?topic=2684176.msg27421066 — msg27421066
- YouTube: https://www.youtube.com/c/GibraltarBlockchainExchange