In this edition of The Daily we cover a regulated exchange that is starting to list security tokens, a new tool for accountants serving cryptocurrency users, and Coinbase linking its platform and wallet app in addition to adding XLM trading on Coinbase Pro.
Also Read: Survey: 70% of Cryptocurrency Owners Rarely Use It for Payments
DX Exchange to List STOs
DX Exchange, an Estonia-based venue which developed trading on tokenized stocks and ETFs, has announced that the platform is also starting to list security token offerings (STOs). Institutional and professional traders will have access to security tokens which can be purchased with both fiat and popular cryptocurrencies. Getting access to security token will require an additional layer of Know Your Customer (KYC) checks for the exchange’s users. As this KYC process is MiFID II compliant, it opens the doors to security token trading for professional investors.
DX’s partner company, MPS Marketplace Securities Ltd, will act as a counterparty for all…