AAX, a Hong Kong-based crypto-currency exchange, officially launched its platform
The trade is powered by London stock exchange technology.
It took 19 months of preparations for the official launch. Crypto-currencies can be traded through web interface of phone app. Potential investors can choose from standard crypto-currency or its derivates. Institutional investors as well as small investors are welcome.
AAX is the first crypto-currency exchange working with Millennium Exchange platform to technically ensure trading. The same tool is used in London or Hong Kong stock exchange. It takes 0,0005 second to make a deal.
Stock exchange operators believe that AAX will become an important centre for majority of all crypto-currency and its derivates trading. The practice will show whether that happens. The problem is that AAX launched its platform only a day after The Securities and Futures Commission of Hong Kong issued warnings on crypto-currency derivates purchase that should be traded in Hong Kong.
