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In recent news pertaining to cryptocurrency exchanges, Spotware has announced the launch of an “out-of-the-box” cryptocurrency exchange platform, Huobi has announced that it’s Autonomous Digital Asset Exchange will be rebranded to “Huobi Next” before merging with Huobi Global, and Liechtenstein’s financial regulator will hold off on introducing legislation governing the operations of crypto-to-crypto virtual currency exchange Eterbase.
Also Read: Mt. Gox Victims Must Take Claims to Tokyo, Not US, Judge Rules
Spotware Launches Out-of-the-Box Crypto Exchange Software
Earlier this month, Spotware, a Cyprus-based company that offers “out-of-the-box” trading platforms for brokers, announced the launch of “Cxchange” – an out-of-the-box cryptocurrency exchange platform that “allows anyone to start a crypto exchange.”
Alexander Shuman, the chief executive officer of Spotware, stated: “We used our expertise and proven technologies to create Cxchange. There are only a few solutions available in the market resembling Cxchange, but our platform is a high-quality product unlike other ones, as it was developed by a professional financial software development company.”
Spotware’s website states that Cxchange offers “robust and scalable architecture, a matching engine which can support any asset, high level of security, and 24/7 technical support from Spotware.”
Huobi Announces Hadax Will Merge With Huobi Global
The Huobi Autonomous Digital Asset Exchange (Hadax) will be upgraded and rebranded to “Huobi Next,” before merging with Huobi Global on September 19th.
A blog post published by the exchange describes the merger as being the product of “a long-term strategic perspective,” adding that “The merged Huobi Next will be displayed in a unified interface with Huobi Global, where trading of all coins on the Hadax will be moved to Huobi Global. Huobi Global will share the brand potential, the trading users and other resources of Huobi Global with Huobi Next. The voting and Project Center will also be merged to the main website together with Huobi Next.”
Liechtenstein Financial Markets Authority Holds Off on Regulating Eterbase Exchange
The Financial Markets Authority (FMA) of Liechtenstein has decided against imposing regulatory guidelines on the operations of Eterbase AG – a crypto-to-crypto virtual currency exchange.
According to a post published to Eterbase’s blog, “The FMA has created legal certainty regarding the fiat or currency exchange business model and has declined its applicability. This is because Eterbase will not exchange crypto-to-fiat pairs on its own account, and instead will be merely matching exchange orders.”
Eterbase added that the issuance of its initial coin offering “is not deemed an activity which may be subsumed under a currency exchange pursuant to the FMA.”
Would you feel comfortable using a cryptocurrency exchange that runs an ‘out-of-the-box’ platform? Share your thoughts in the comments section below!
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