Gibraltar Blockchain Exchange adds GBP and EUR to fiat onboarding capabilities

The Gibraltar Blockchain Exchange (GBX), a subsidiary of the Gibraltar Stock Exchange (GSX), has announced new fiat onboarding capabilities.

In addition to US Dollars (USD), GBX users will now be able to onboard using British Pounds (GBP) and Euros (EUR). The exchange plans to incorporate more fiat currencies in the future.

The announcement follows the GBX receiving a full license as a provider of distributed ledger technology (DLT) from the Gibraltar Financial Services Commission (GFSC) last week.

“Today’s announcement marks yet another significant milestone for the GBX, building on our hugely successful public launch earlier this year, followed by the receipt of our full licence from the regulator in Gibraltar only last week,” said Nick Cowan, CEO of the 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.”

Following its public launch in July 2018, the GBX Digital Asset Exchange (GBX-DAX) now lists a significant selection of tokens. The primary medium of exchange for trades on the platform is the GBX’s utility token STACS, an ERC-20 compliant utility token that can be used to pay and reduce trading fees; listing and sponsor fees; as well as for issuer staking.

The GBX offers account holders a unique opportunity to become a member of both a token sale platform, the GBX-GRID, and cryptocurrency exchange , the GBX-DAX. Both platforms are built on institutional-grade best practices and good governance, derived from the capital markets experience gained through the GSX, an EU-regulated stock exchange, the GBX said. The GSX is the first stock exchange to own a regulated blockchain exchange.

“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,” Cowan added.