Cryptocurrency exchange Digitra.comwhich is headquartered in Brazil, announced on Tuesday a technology partnership with Nasdaq, enabling individual and institutional investors around the world to trade on the platform in a reliable and frictionless way.
Cloud based Nasdaq Market Services Platform serves digital asset exchanges and cryptocurrency markets, for exchanges to attract liquidity and expand transaction volumes to match market conditions.
Using this technology, exchanges can develop new features for their users.
Crypto exchange to offer trading in 50 plus asset classes
Except Bitcoin BTC/USDEthereum ETH/USD and USD currency USDC/USD trading currently offered, the crypto exchange will extend trading to 50 more asset classes and currencies by the end of the year.
The platform uses a Trade to Earn commission and fee structure, eliminating transaction fees and adding a financial incentive scheme through this newly created framework.
Customers will now receive Digitra tokens (DGTA) for every trade they complete.
Speaking with Benzinga, CEO and founder of Digitra.crom Rodrigo Batista said that Brazil has great potential to be one of the leaders in the global crypto landscape, as Brazilians want to be early adopters of new technologies, and crypto is no exception.
“Some researchers have shown that Brazil is second in the level of crypto adoption. We believe that the regulations will establish new use cases for crypto not only in Brazil, but around the world, and the fact that Brazil has 200 million people and some of the most advanced financial market innovations gives Brazil an advantage. Also, the Brazilian Central Bank is driving innovation in the crypto space and we plan to spread these innovations around the world,” he said.
He further said by offering additional services on top of spot cryptocurrency trading, the company will create new revenue streams that replace traditional transaction fees.
Technical cooperation gives the exchange a solid foundation to grow
Crypto exchanges can go down when market volatility is high, with customers wondering if this is because the technology of these exchanges is not good enough or because the exchange engines have been turned off by their teams. Batista explained that the Nasdaq platform creates a new level of trust.
“Using the Nasdaq matching engine, we can assure clients that we have the best exchange technology for high volumes and that bad behavior is not on the table. None of us would take that risk. Additionally, by using Nasdaq technology, we bring the highest governance that exists in trading to the crypto space,” he said.
“With Digitra.com we expect to create the most accessible crypto company globally and become the most important in liquidity while balancing governance and ease of use.”
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Nasdaq seeks to create a seamless trading experience
Roland Chai, Executive Vice President and Head of Market Platforms at Nasdaq Said As a technology partner to capital markets and multiple emerging markets around the world, Nasdaq is focused on enabling frictionless and powerful trading through its technology platform SaaS.
Chai added that Nasdaq’s infrastructure technology will enable Digitra.com to elastically expand its platform and meet sophisticated performance demands from its customers.
The Marketplace Services Platform is not Nasdaq’s first venture into the cryptocurrency space.
With the help of clients including Chain, Change Tip, PeerNova, Synack, Tango and Vera, the business introduced its blockchain-based platform, Nasdaq Lincin 2015.
Photo: Digitra.com logo image via Digitra.com site