The Gibraltar Blockchain Exchange (GBX), a cryptocurrency exchange and marketplace for initial coin offerings, has added a new cryptocurrency to its Digital Asset Exchange (DAX) this Wednesday – EOS.
EOS is the token of EOS.IO, a blockchain protocol which is powered by the cryptocurrency. EOS was launched in 2017, and since then, its price has fluctuated between $18 and less than $0.80.
According to the statement released today, EOS is now listed on the DAX thanks to Sponsor Firm Iconiq Holding. It follows on the heels of Ripple (XRP) being listed on the exchange last week, as Finance Magnates reported.
Commenting on the announcement, Nick Cowan, managing director and founder of the Gibraltar Stock Exchange (GSX) Group Limited, said: “with a market capitalisation of $2.3 billion USD at the end of 2018, EOS represents a significant addition for the GBX-DAX and is further testament to the amazing work the team continues to do behind the scenes. Everyone is familiar with EOS.”
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“It is globally traded at volume. On the GBX-DAX, not only will it be traded in a secure and trusted environment, but a regulated and insured one. As we push for greater adoption of blockchain and digital assets, providing users with access to the best tokens via our regulated exchange continues to be at the heart of everything we do.”
GBX continues development
The addition of EOS follows a number of changes on the blockchain exchange, including it being granted a full license from the Gibraltar Financial Services Commission in November last year. It was launched by the GSX in February of 2018 with an ICO, through which it raised $27 million.
At the time of publishing, EOS has a market cap of around $2.2 billion, according to data from CoinMarketCap. EOS currently fetches $2.44 against the US Dollar, up by 0.12 percent on the day.
“Iconiq is excited to bring EOS to the GBX community by sponsoring its listing on the DAX. Iconiq is a large proponent of the GBX vision, and through the continued collaborative efforts of Iconiq, GBX and the great Sponsor Firms behind GBX, we aim to bring more quality tokens such as EOS to the GBX community,” added Patrick Lowry, CEO of Iconiq Holding.