Cross-asset exchange platform DIFX obtains EU license after partnering with Fireblocks
“As part of its broader plan to expand its operations into new jurisdictions, DIFX aims to secure at least 10 new licenses by the end of this year”.
Digital Financial Exchange (DIFX) has secured an additional license from the European Union for virtual asset exchange and custody services in a milestone move that allows DIFX to expand its services globally.
Headquartered in Cayman Islands, the fully insured cross-asset exchange platform launched in 2020 acquired the license in line with DIFX’s mission to become a leading platform for cross-asset trading.
The platform boasts numerous crypto pairs on DIFX Spot Exchange along with the DIFX MT5, thus allowing users to manage and trade more than 700 assets including international stocks, currencies, commodities, and over 100 crypto perpetual futures with leverage. The platform is set to have a total of over 1000 assets that range from both traditional and digital markets.
FX, Crypto, Metals, Commodities, and Indices on fully-insured crypto wallet
Jeetu Kataria, CEO, and Co-Founder of DIFX, said: “This is a major milestone that allows DIFX to grow globally and give accessibility to various communities all over the world. It also complements our goal, which focuses on boosting the global adoption of blockchain and cryptocurrencies. It’s worth mentioning that we’ve applied for an additional 6 global licenses which are under process.”
“As part of its broader plan to expand its operations into new jurisdictions, DIFX aims to secure at least 10 new licenses by the end of this year. Considering the pace of its growth, the exchange believes it can increase its user base to more than 5 million by the end of 2023.” concluded Jeetu.
DIFX partnered with Fireblocks to provide its users with fully insured wallets and efficiently secure their funds against hacks, bugs, and even internal fraud. The insurance policy protects assets in both storage and transfer.
Since integrating with Fireblocks, the DIFX Exchange has grown at an exponential rate of 10,900%+ within six months, increasing its assets under management from USD 5 million to USD 550 million.
A recently introduced nomination program intends to make digital asset management a very smooth and trouble-free system as users can select up to 5 nominees so they can pass on their crypto assets to their families and loved ones.
The fully insured cross-asset trading centralized crypto platform lets users trade between multiple asset classes that include indices, forex, crypto, metals, commodities etc.