The European Cryptocurrency Exchange (EUCX) is a curated cryptocurrency exchange and fiat on-ramp that fills the gap in secure and regulated exchanges for the sophisticated trader and boutique firms.
EUCX is focused on the sophisticated and thus more demanding trader. Traders within this market segment have a higher risk than retail traders when participating in the cryptocurrency markets. With that higher risk comes a higher demand concerning reliability in the broadest sense of the term.
When examining the global landscape and direction that cryptocurrencies are taking currently, one sees that, more often than not, cryptocurrencies are used as a substitution for public shares of a company (a.k.a. security token) or, as a utility token where these types of token are used for a specific purpose next to their speculative nature.
While cryptocurrencies still can, and always will, function as a method of payment (or rather, barter goods), a major shift to the aforementioned secondary purposes has been seen in the last two years.
This opens up new possibilities, objectives and responsibilities for cryptocurrency exchanges in regards to “tokenized stocks”. Cryptocurrency exchanges will, in the nearby future, function more as classical stock exchanges, with the big difference being that the underlying blockchains will keep a decentralized ledger of who owns what portion of a public stock/company.
EUCX attempts to be the catalyst to bring this paradigm shift by simply doing what others have refused to do: talk with governments and regulators.
In February 2019, the founders of EUCX spoke to members of the Dutch Parliament and in March 2019, they met with the AFM (Dutch regulator) and the DNB (Dutch central bank) in order to properly prepare for the upcoming regulatory framework (AML5) that will apply to cryptocurrency brokers.
EUCX believes that by simply meeting governments and ‘crypto purists’ in the middle and compromising on both sides, that both blockchain and cryptocurrencies will be more easily accepted by governments and institutional money as a legitimate technology and financial product respectively. In that respect, EUCX will not be listing so-called “privacy coins”.
All this effort is undertaken in order to provide a curated and reliable platform for the sophisticated trader. A platform where the trader does not have to think twice about the legality of the tradable assets or whether or not the platform will disappear overnight without a trace.