The Gibraltar Blockchain Exchange (GBX) Set to List BCH vs Fiat

The Gibraltar Blockchain Exchange (GBX) Set to List BCH vs Fiat


According to a recent report, a trading pair of bitcoin cash (BCH) versus fiat is set to be listed by The Gibraltar Blockchain Exchange (GBX), thereby allowing its users to trade the popular virtual currency against the British pound, the U.S. dollar, and the euro. Another feature on the platform is the fiat onboarding capabilities.

All Set for the Middle of March

The Gibraltar Blockchain Exchange (GBX) has made it known that starting from the 13th of March, its Digital Asset Exchange (DAX) will make available fiat trading pairs with bitcoin cash (BCH) to its users. The new bitcoin cash fiat trading pairs are BCH/EUR, BCH/GBP, and BCH/USD, as well as trading pairs with ETH and BTC.

The Chief Executive Officer of GBX, Nick Cowan said: “mass adoption is something that everyone in the digital asset industry is striving for. Bringing more fiat on, and off, ramps to the digital asset market will help to increase the fluidity and access to the market. With the GBX offering a regulated and insured space, we are creating a better user experience for those that are looking for a trusted environment in which to operate.”

GBX is a subsidiary of the EU-regulated Gibraltar Stock Exchange (GSX) and is regulated as a Distributed Ledger Technology Provider by the Gibraltar Financial Services Commission (GFSC).

Its digital asset exchange functions by following the institutional-grade best practices and good governance of its parent company. To join the exchange, there is a need for verification which helps to create a professional and safe trading atmosphere.

Gibraltar is Crypto-Friendly

The aim of the Gibraltar local government is to build a supportive environment, therefore, it has a rapidly expanding network of digital asset ventures. Earlier this year, there were reports that several known crypto exchanges have been given the licences to do business within the British overseas region because of its business-friendly regulations for the digital asset industry.