The European Cryptocurrency Exchange, or EUCX (pronounced You See Ex) is a new cryptocurrency exchange with a global focus, based in the Netherlands, filling the European gap in secure and regulated exchanges aimed at the professional retail trader and boutique firms. The EUCX platform is focused on the demanding and professional trader. Including the upper segment of retail trader and boutique firms.
Idea Creation & Development Start
Token Sales live
Open Beta Platform Launch
Release Platform V1.0
FIU Compliancy & DNB Permit
When examining the global landscape of cryptocurrency exchanges, one sees that both Asia and North America are the dominant players in the cryptocurrency ecosystem, yet Europe is lacking behind. This fact was recognized by the European Union in 20181. This is an ironic fact seeing as historically speaking Europe, and especially the Netherlands, has been a main hub of financial innovation. Throughout the last few years, cryptocurrencies have exploded into a true digital financial ecosystem. At the time of writing, over $14 billion (USD) in volume is exchanged on a daily basis, on the various cryptocurrency exchanges throughout the world today. Unfortunately, with the increased volume and interest, weaknesses have become apparent. Several exchanges suffer from a number of issues, ranging from poor customer service, lacking information security and unreliable availability, poor liquidity, and a questionable legal basis. The picture that is being painted is one of crudeness. It seems that, generally speaking, cryptocurrency exchanges underestimate the amount of effort that goes into successfully running a service organization. These days many exchanges go out of their way to avoid regulatory oversight. EUCX does the opposite by actively complying with current financial laws on both a national and European level and seeking and staying in close discourse with regulators and the proper authorities.
Eric and Erwin have been working together for a long period already. They saw a problem in the exchange market and started working on their idea. After reaching out to many people about their project and probable funding they heard it would be best to find an additional member for the marketing side of the project. That is how they ended up with Dennis. Advisors joined the team due personal talks and outreach.
User adoption, full-scale compliancy, funding, security breaches and just an ever-changing ecosystem overall.