Brazilian Crypto Exchange Launches Trading Platform Using Nasdaq's Cloud-Based Technology


Brazil-based crypto exchange has launched a cryptocurrency exchange for institutional and retail investors powered by Nasdaqrs cloud-based crypto trading service, according to a Tuesday press release.

"Nasdaq brings extensive experience and expertise in capital markets technology to and our industry,r founder and CEO Rodrigo Batista said in the release. lOur technology collaboration gives us a robust foundation to grow and build new features for our clients."

Nasdaqrs Marketplace Services Platform is a cloud-based platform that supports digital assets exchanges and crypto markets, allowing exchanges to attract liquidity and scale transaction volumes to correspond with market conditions. The technology also enables exchanges to build new features for their customers.

One such feature is Digitra.comrs new commission and fee structure called Trade to Earn. Trade to Earn eliminates transaction fees and awards customers the platformrs native digitra tokens (DGTA) for every executed trade.

lBy offering additional services on top of cryptocurrency spot trading, we will create new revenue streams that replace the traditional transaction fees," Batista said. also plans to use its technology to offer 50 additional asset classes and coins, in addition to the bitcoin (BTC), ether (ETH) and USD coin (USDC) already on offer, by yearrs end.

Nasdaqrs Marketplace Services Platform isnrt Nasdaqrs first foray into crypto. In 2015, the company unveiled its blockchain-based platform, Nasdaq Linq, partnering with clients such as Chain, Change Tip, PeerNova, Synack, Tango and Vera.

Read More: Crypto Market's Direction During a Recession Might Depend on Nasdaq

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