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GBX-DAX to list stablecoins PAX, DAI, TUSD, USD Coin, and GUSD for trading

Tony Zerucha

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The Gibraltar Blockchain Exchange (GBX), an institutional-grade, regulated and insured token sale platform and digital asset exchange, has announced the addition of five stablecoins to its Digital Asset Exchange (GBX-DAX). Paxos (PAX), Maker (DAI), TrustToken (TUSD), USD Coin (USDC), and Gemini dollar (GUSD) will be available for live trading on the GBX-DAX from Wed., Mar. 13.

“Adding five stablecoins is another landmark statement of intent for the GBX as we continue to extend the landscape of blockchain-powered trading to the world,” Nick Cowan, managing director and founder of the GSX (Gibraltar Stock Exchange) Group said. “Stablecoins provide an attractive proposition to market participants who want to harness blockchain technology to transact in familiar, more accessible currencies and assets, and I’m excited to introduce these new trading options to our growing community.”

With the five stablecoins available for live trading on the GBX-DAX, the option to deposit stablecoins in users’ GBX-DAX accounts is now available. The GBX will offer users 30 days fee-free trading for stablecoins listed on the GBX-DAX, starting on Wed., Mar. 13, and concluding on Thursday, April 11th. Each of the five stablecoins will be paired against ETH, BTC, and USD fiat currency.

Since obtaining a full DLT Licence from the Gibraltar Financial Services Commission (GFSC) in November 2018, the GBX-DAX became the first regulated and insured digital asset exchange to be owned by a traditional stock exchange, the Gibraltar Stock Exchange (GSX). Users of the GBX-DAX have access to a growing catalogue of high profile digital assets and have the opportunity to participate in the token economy in an environment built upon the good governance and best practices brought over from the EU-regulated GSX.

“2019 has already been a banner year for the GBX,” Mr. Cowan said. “We have ramped up efforts to provide our community with the most progressive and dynamic trading experience possible. With an extensive token listing campaign still ongoing, coupled with today’s addition of five new stablecoins, we are accelerating our efforts to facilitate mass adoption of a tokenized global economy.

“Attracting PAX, DAI, TUSD, USD Coin, and GUSD to our exchange is a firm vote of confidence for our exchange, and builds on the strong wave of momentum we’ve been experiencing since the turn of the year.”

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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