The Gibraltar Blockchain Exchange (GBX) has announced new fiat onboarding options including US dollars, British Pounds and Euros. The news of providing more channels to participate in crypto comes following the announcement that GBX has received a full license as a provider of Distributed Ledger Technology (DLT) from the Gibraltar Financial Services Commission (GFSC). GBX is owned by the GSX – the first stock exchange to own a regulated blockchain exchange.
Launched in July 2018, the GBX Digital Asset Exchange (GBX-DAX) lists a good number of tokens. GBX has minted its own STACS token as a medium of exchange for trades on the platform. The token can be used to pay and reduce trading fees; listing and sponsor fees; as well as for issuer staking.
GBX is both a primary issuance platform for digital assets (GBX-GRID) and a crypto exchange (GBX-DAX). The company states that 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.
Nick Cowan, CEO of the Gibraltar Blockchain Exchange, called today’s announcement a significant milestone for GBX.
“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.”
Cowan added that broadening the reach of blockchain tech and crypto and strengthening their fiat onboarding has been at the center of their mission.
“Our firm belief in the principles of transparency, efficiency, and security has 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,” said Cowan.