Gibraltar Blockchain Exchange (GBX), a subsidiary of the Gibraltar Stock Exchange (GSX), secured a license from the Gibraltar Financial Services Commission (GFSC) to operate a blockchain exchange in Gibraltar, one of the most crypto-friendly jurisdictions.
GBX will offer users an institutional-grade token sale platform and digital asset exchange. The license award makes GSX the world's first regulated stock exchange group to also own and run a regulated blockchain exchange.
GBX was opened to the public after a soft launch on June 4 that saw 300 participants gain early access to the exchange. The full-scale public launch of the token sale platform (GBX-GRID) took place in April 2018, and the subsequent launch of the secondary market platform, the Digital Asset Exchange (GBX-DAX) was in July.
The GBX Digital Asset Exchange platform currently offers trading in six cryptocurrencies - Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC) and its own Rock Token (RKT).
The exchange has also provided the option of using fiat currency to fund their account in US dollar. RKT/USD, ETH/USD and BTC/USD trading pairs will be available to all users.
GSX, which announced plans to launch GBX at the BlockShow Asia conference in November 2017, was established in July 2018.
Gibraltar is a British Overseas Territory in the Iberian Peninsula, actively working on implementing cryptocurrencies and blockchain in state level.
After introducing regulations for blockchain-based businesses early this year, the Gibraltar government is reportedly set to launch the world's first legal framework for initial coin offerings (ICOs).
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