Cryptoknowmics
2022-03-26 11:02:20

Startup Exchange LibertyX Seeks Regulatory Approval in El Salvador and UAE

Liberty Exchange is an unrestricted crypto exchange that portrays the role of a global marketplace for digital assets including cryptocurrency, NFT, trading mainly. The non-US exchange is in the course of establishing operations in two countries. The Objective of LibertyX The broader idea behind the launch of the crypto exchange is to capture multiple alternatives towards crypto assets in regulatory-approved countries including El Salvador and the United Arab Emirates. Two Major Plans Post Launch Leading the efforts is the investment bank Entoro Capital’s CEO James Row. Reportedly, Row will be raising a $10 Million Series A funding round for the startup exchange. The funding is expected to follow a $100 million round as well. In addition to the funding raises, the hybrid exchange is also in the process of securing regulatory approval from the jurisdictions of El Salvador and the UAE. Liberty Ex plans to provide 40 trading sports and 20 new trading pairs each month. Future Strategies for a Broader Expansion Liberty Ex has been planning, developing, and striding forward to cover all aspects of the digital space. Liberty Ex is planning to offer its NFT marketplace that will be supporting regulated securities as well as digital assets. The exchange has also been working on a market-making business and integration with DeFi and Web3 platforms. The startup is also in plans to provide crypto-mining services. The post Startup Exchange...

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