A Gibraltar insured and regulated digital asset exchange is set to list bitcoin cash (BCH) versus fiat trading pairs. Users of the platform, that features fiat onboarding capabilities, will soon be able trade the popular cryptocurrency against the U.S. dollar, British pound and the euro.
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BCH/Fiat Trading Pairs Are Coming to GBX-DAX
The Gibraltar Blockchain Exchange (GBX) has announced that starting from March 13, fiat trading pairs with bitcoin cash (BCH) will be available to users of its insured and regulated Digital Asset Exchange (DAX). The new bitcoin cash fiat trading pairs will include BCH/USD, BCH/GBP and BCH/EUR, as well as trading pairs with BTC and ETH.
Nick Cowan, CEO of GBX, explained that “mass adoption is something that everyone in the digital asset industry is striving for. Bringing more fiat on, and off, ramps to the digital asset market will help to increase the fluidity and access to the market. With the GBX offering a regulated and insured space, we are creating a better user experience for those that are looking for a trusted environment in which to operate.”
Supporting a Growing Local Digital Ecosystem
GBX is a subsidiary of the EU-regulated Gibraltar Stock Exchange (GSX) and is regulated as a Distributed Ledger Technology Provider by the Gibraltar Financial Services Commission (GFSC). Its digital asset exchange is said to be built on institutional-grade best practices and good governance, derived from the experience of its parent company. It follows strict verification requirements, promising to create a professional and secure trading environment.
Gibraltar has a growing ecosystem of digital asset ventures as the local government is focused on creating a “supportive environment” for the sector. It was reported earlier this year that several known crypto companies have been granted licenses to operate from the British overseas territory since it adopted business-friendly regulations for the digital asset industry. This is seen as move that can support the local economy with skilled jobs similar to what has occurred in other small European jurisdictions such as Malta and the Isle of Man.
What do you think about GBX adding BCH/fiat trading pairs? Share your thoughts in the comments section below.
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