News exchanges: LXDX will hold SPO, the first crypto-exchange in the UAE

[Paha87]

The first crypto-exchange will open in the United Arab Emirates; LXDX will collect $5.7 million through the sale of security tokens (STO); BTCC announced the indefinite termination of the mining pool.

The crypto currency exchange in the UAE

The partnership between Al Zarooni Group, Crypto Bulls and Gulf Coin Gold led to the launch of the first cryptocurrency exchange to be registered in the United Arab Emirates - Crypto Bulls Exchange.

Suhail al Zarooni, Chairman of the Foundation "al Zarooni", told about the beginning of the exchange of cryptocurrency as "an important milestone in getting global investment opportunities from around the world in the UAE."

Shasha Gupta, CEO and founder of Crypto Bulls Exchange, said that "Crypto Bulls will be the first exchange to provide trading pairs to AED and traders will be able to convert their cryptocurrency assets to AED."

LXDX will hold STO

The crypto currency exchange LXDX, founded by a former Spacex engineer Joshua Greenwald, announced that it will release licenzirovanie securities (security tokens), representing the right of ownership to the exchange.

The company plans to issue five million tokens at a price of 1 Euro each, which together will represent a share of ownership on the platform. Tokens will also entitle holders to receive up to 10% of the exchange's quarterly adjusted gross income.

Will Roman, chief operating officer and co-founder of LXDX, said that "STO will be the only symbolic offer the firm plans to make in the foreseeable future."

Joshua Greenwald, chief Executive officer of LXDX, stated his expectation that "a million tokens are just around the corner," adding, "as blockchain technology spreads, we expect to see increased symbolization of tangible assets such as real estate, goods, and even art."

The BTCC will stop working from November 30th

BTCC announced that after more than four years of operation, the company is shutting down all its servers for mining on November 15 and "terminating operations indefinitely" from November 30.

BTCC requests that miners forward their hash power to other pools by November 15 and "link their own addresses for mining revenue to new pools" by November 20, adding that the pool "will pay out all miners ' profits in a timely manner".

Link to information resource - https://altstake.io/news/novosti-birghlxdx-provedetstopervayakriptobirgha-voae