The British overseas territory of Gibraltar has launched a blockchain exchange to the public, following the introduction of regulations around distributed ledger technology earlier in the year.
The Gibraltar Blockchain Exchange (GBX)’s Digital Asset Exchange is accessible to all members of the public who have gone through the ‘know your customer’ (KYC) process and incorporates fiat onboarding. For now, three USD pairs are available for customers – USD onboarding having been made available for Bitcoin (BTC), Ethereum (ETH), and Rock Token (RKT).
In addition to the above tokens, Bitcoin Cash (BCH), Ethereum Classic (ETC), and Litecoin (LTC) are also hosted on the digital asset exchange.
“Today marks the most exciting development on the GBX journey thus far and is a significant indication that Gibraltar is open for business,” said Nick Cowan, CEO of the Gibraltar Blockchain Exchange. “The launch comes at a time when the cryptocurrency and token markets are reaching a new stage of maturity. In 2018 alone, Initial Coin Offerings (ICOs) have raised a combined total of $13.7bn globally – more than was raised in all ICOs which took place before 2018 combined.
“We are excited to enter this pivotal stage in our development at such an important time for the industry. The fact that we can launch with fiat onboarding is a huge added bonus for our community,”