Bringing you live news and features since 2006 

Approved_stamp

IronX crypto exchange secures regulatory licence in Estonia

RELATED TOPICS​

IronX, a new Crypto Exchange joint venture between global online broker IronFX Group and EmurgoHK, creator of the Cardano blockchain, has been awarded full regulatory licence approval by the Estonian Financial Intelligence Unit (FIU).

This licence allows IronX to operate as a fully regulated exchange for the trading of cryptocurrencies.
 
Estonia, a full EU member-state, adopts a ‘pro-innovation’ approach towards the advancement of DLTs and cryptocurrency regulation and has utilised blockchain technology in its own health, judicial, legislative, security and commercial code registries since early 2012.
 
The new licence allows IronX to operate as a: provider of a virtual currency against a fiat currency exchange service; and a provider of a virtual currency wallet service.
 
IronX says the granting of the licences, a month earlier than expected, will provide increased security for cryptocurrency traders and users of its new cryptocurrency exchange.
 
Founder & Chairman of IronFX Group, Markos A Kashiouris, says: “We have brought all our years of experience in regulated online derivative and commodity trading to create this new seamless trading platform for our customers. Being awarded regulatory approval, which was one of our key milestones in our whitepaper, means we now stand apart from many of our competitors in the sector, allowing investors, both private and institutional, to trade cryptocurrencies, within in same protected environment as they would trade forex, commodities, equities and other long-established tradable assets.”
 
The IronX Exchange is expected to launch by the end of September with a priority opening for VIP IRX token holders to its beta version and official launch to the public planned for December 2018.

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by