Review on LCX by Fanuel PORPORTY
While LCX is one of the many crypto exchanges out there, it is noteworthy that they are going a step ahead to make sure all is in accordance with the complicated laws and regulations in the financial world that became even more complicated with the emergence of the blockchain technology and cryptocurrencies. With LCX, professional and institutional investors will have the opportunity of a fully compliant and trustworthy way to participate in the most important emerging asset class.
LCX, the Liechtenstein Cryptoassets Exchange, is a blockchain ecosystem for professional investors. LCX’s goal is to become one of the world’s first licensed and supervised blockchain banks seamlessly blending traditional and crypto assets. Founded in 2018, LCX is headquartered in Liechtenstein, a country known for its groundbreaking blockchain laws and being a financial hub with a AAA rating at Standard & Poor's.
The initial product is LCX Terminal, an advanced crypto trading desk to trade on all major crypto exchanges within a single interface.
At LCX Assets the fast-growing technology startup is planning a compliant security token platform for issuing, storing and trading of cryptocurrencies, tokenized securities and digital assets - after necessary regulatory approval has been obtained.
Pros
- The token is a utility token that will be used within the LCX blockchain ecosystem. The firm hopes that the token would help boost its competitive strength in becoming the leader in the blockchain banking industry.
- Liechtenstein has an LCX terminal, a sophisticated trading office for exchanging and managing cryptographic assets on multiple cryptocurrency exchanges.
Cons
- LCX does not lack competition and will have a difficult task trying to overthrow the crypto exchange giants, such as Coinbase and OKEx.
