A new Denmark-based Bitcoin exchange was formally launched May 26, highlighting maximum security as its primary selling point.
CCEDK, which made buzz days prior to its launch, finally became operational with an initial volume of 1,000 BTC, which is relatively large as compared to the liquidity pools offered by new cryptocurrency exchanges.
According to Ronny Boesing, founder of CCEDK, this Bitcoin exchange banks on the country’s culture and law to promote security and transparency in its operations.
“Our strongest selling point will be that clients will know where we are, that the jurisdiction is Danish, and that there’s complete transparency,” he said in a recent interview.
He also said Denmark is free of corruption and has a stable financial status in the market, further proving the steady ground this new exchange firmly stands on. Also, this country has almost no legal restrictions against virtual currencies, making it the most viable option.
“I think it is therefore to say that the legal environment could well be a crucial factor to define the present as well as the future climate of the crypto market, and in particular for a country like Denmark,” he said.
In addition to the CCEDK starting volume, thirty percent of revenues will also be allocated for a separate collection of funds, which will only be used in the event of theft or criminal loss.
The services of the Danish Bitcoin exchange, which is touted as a crime-free trade, support BTC and LTC, together with fiat currencies DKK, USD, EUR, GBP, and NOK.
With the official launch of CCEDK, users can now trade using the available currencies on the exchange. In fact, it has already made its presence felt in the Bitcoin gambling industry, the sector with the highest Bitcoin usage.
Fun Casino, a new Bitcoin casino introduced in April, has already featured this Bitcoin exchange as a means for its clients to purchase BTC and LTC. With numerous users of virtual currencies indulged in the world of Bitcoin casino games, CCEDK is already poised to generate high volume of trades.
Through the improving technologies, it is evident that CCEDK revolutionizes the way users can trade cryptocurrencies and fiat money.