Author: Isabelle Yeo
Silicon Valley-based NFX partners with DX.Exchange to build the world’s leading regulated crypto exchange
DX. Exchange just announced they’ve received investment from notable Silicon Valley VC firm NFX (http://www.nfx.com ) to build the world’s leading regulated crypto exchange. DX.Exchange, the newest member of NFX, has attracted remarkable attention due to their free trading business model and ultra-modern trading platform.
DX.Exchange has already registered over 500,000 users and has started opening accounts with full KYC as of July 2. DX.Exchange allows institutions and individuals to purchase Cryptocurrencies with FIAT, trade Cryptocurrencies, and convert Crypto back to FIAT. All this can be done with no trading fees and just a 10 Euro monthly membership for the Lite account.
“NFX has always found great promise in the blockchain movement,” says Gigi Levy-Weiss, Managing Partner at NFX. We believe DX.Exchange is in-line with blockchain values in terms of innovation, transparency and shifting power to the community. Furthermore, they are dedicated to the trader experience, regulation and strong partnership with leading industry players. We are very pleased to have them as new members of NFX.”
“Finding a VC with both traditional expertise yet innovative thinking was our priority, and we looked for a strategic partner that was just as committed as we were to our cause and vision,” says Daniel Skowronski (Twitter: @danskowronski), CEO of DX.Exchange. “As Founders who themselves started 10 companies that created over $10 billion in value, NFX has one of the strongest teams that understands and supports crypto and blockchain technology. Their experience and influence will be instrumental as DX.Exchange continues to grow”.
Photo credits: DX. Exchange