We are happy to share that we have partnered up with the European Cryptocurrency Exchange (EUCX). Our founder will be joining the team as co-founder and marketing director. He will be mainly responsible for overseeing the planning, development and execution of EUCX's marketing and advertising initiatives.
The European Cryptocurrency Exchange, or EUCX (pronounced You See Ex) is a new cryptocurrency exchange with a global focus, based in the Netherlands, filling the European gap in secure and regulated exchanges aimed at the professional retail trader and boutique firms.
The EUCX platform is focused on the demanding and professional trader. Including the upper segment of retail trader (the semi-professional trader) and the small boutique firms that handle assets on behalf of third parties. These types of traders have higher demands when it comes to customer support, trading costs, automation, security and reliability of not only the trading platform, but the organization itself.
When examining the global landscape of cryptocurrency exchanges, one sees that both Asia and North America are the dominant players in the cryptosphere, yet Europe is lacking behind. This fact was recognized by the European Union in 2018. This is an ironic fact seeing as historically speaking Europe, and especially the Netherlands, has been the source of financial innovation.
Throughout the last few years, cryptocurrencies have exploded into a true digital financial ecosystem. At the time of writing, over $15 billion (USD) in volume is exchanged on a daily basis, on the various cryptocurrency exchanges throughout the world today. Unfortunately, with the increased volume and interest, weaknesses have become apparent. Several exchanges suffer from a number of issues, ranging from poor customer service, lacking information security and unreliable availability, poor liquidity, and a questionable legal basis. The picture that is being painted is one of crudeness. It seems that, generally speaking, cryptocurrency exchanges underestimate the amount of effort that goes into successfully running a service organization.
These days many exchanges go out of their way to avoid regulatory oversight. EUCX does the opposite by actively complying with current financial laws on both a national and European level and seeking and staying in close discourse with regulators and the proper authorities.
On top of the solid fundamentals, EUCX also has one of the fastest matching engines in the industry to date, with over 4M trades per second and two tiers of real-time redundancy and availability, allowing boutique firms and professional traders to access institutional grade systems for a retail price.