European Cryptocurrency Exchange (EUCX) is a platform that provides for the conversion of cryptocurrencies as well as an on-ramp fiat exchange in a protected environment with full adherence to the European financial regulation. The exchange is the primary product of a Dutch company EUCX B.V. located in Eindhoven.
The project’s proprietary currency is called EUCX which is now offered to the investors and future users via public pre-sale.
EUCX places a special emphasis on its strive to fully adhere to the letter of the law that concern crypto trading regulation and monitoring. For this purpose, the company has already obtained a corresponding license from the Chamber of Commerce of the Netherlands, a domestic VAT number, and the Central Index Key for the United States Securities and Exchange Commission (SEC). This information has been made available on the project’s official website which has a positive impact on its credibility.
The EUCX team members claim that they chose not to confront or evade the authorities, but rather find a common ground with regard to crypto by communicating with the Dutch parliament, state regulators, and central bank, the establishments that are to pass the Fifth Anti-Money Laundering Directive (AML5) that will definitely have a tangible impact on the crypto industry. Therefore, EUCX is already a step ahead of the competition in terms of regulatory compliance.
On the flip side, EUCX directly states that it has no intention of listing privacy coins, which limits the trading opportunities.
Apart from simply stating that the exchange runs on the Ethereum blockchain to convince of the transparency of its operation, EUCX makes sure to keep the following information publicly available at all times: financial reports, listing requirements, full bio of project’s leaders and shareholders, as well as all types of policies.
Should EUCX hit the hardcap, which was set at 18 million euro, the project will put in maximum effort to establish the first legally compliant fiat-to-crypto exchange in Europe. But that would happen only if the sufficient liquidity is obtained.
EUCX exploits the proprietary matching engine which displays the capability of executing close to 4 million trade order in a second, thus providing decent means for high-frequency trading. The same engine has the ability to instantly detect any fraudulent activity and notify the trader and the tech support team.
The exchange offers a broad range of financial products, such as the EUCX indices (securities, payments) and contracts for difference that can be traded with leverage.
EUCX introduces the curated listings which stipulate for the rigorous compliance assessment of all crypto projects that apply for token listing.
EUCX is the ERC-20 compliant utility token that is used to pay all types of fees and purchase subscriptions. The platform provides for three types of subscriptions: basic (free), individual premium, and business premium. It should be noted that the owners of premium accounts can trade on a no-fee basis.
The public pre-sale of EUCX will last for another two weeks until June 30. The ICO will begin on the next day - July 1 and go on for two months. The pre-ICO price of EUCX is 0.0225 euro whilst the ICO price will be 0.03 euro. Tokens can be purchased with ETH. The minimum investment threshold is established at 15 euro. Citizens of the United States, Botswana, North Korea, Ethiopia, Ghana, Iran, Pakistan, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, and Yemen and prohibited from participating in the token sale.
| Pre-Ico Start date | May 1, 2019 |
|---|---|
| Pre-Ico End date | June 30, 2019 |
| Industry | Exchange |
| Platform | Ethereum |
| Founded | 2019 |
| Website | https://eucx.io/ |
| Whitepaper | Yes |
| Countries | Netherlands |
| Start | July 1, 2019 |
|---|---|
| End | August 31, 2019 |
| Expired | |
| Token | EUCX |
| Soft cap | $1 125 000 |
| Hard cap | $18 750 000 |
| Minimum investment | 15 EUR |
| Tokens for sale | 625000000 |
| Accepting | ETH |
Who would want to do crypto trading on a fully regulated platform when we are currently witnessing the emergence of decentralized exchanges, which are so much more secure and convenient than EUCX, or any other similar platform. Perhaps, this would be a suitable variant for large trading firms that take all those AML, MiFID II, and other compliances seriously, but the likes of me, individual traders, can't really be bothered with that, as long as our cryptos are safe. In my opinion, the only selling point of EUCX is the promise of zero fees when trading from the Platinum account. The cost of the subscription is not that steep, only around $50, which is affordable even for an average trader.
Frankly speaking, I have never seen such a poor traction on all social media platforms, like the EUCX has: 2 followers on Facebook and 47 on Twitter. That is downright pathetic! I have read the response from one of their team members regarding this issue, where he tried to justify it by the fact that they abstain from buying fake followers. All right, that is understandable, but is that really all this exchange is capable of? Sparkling the interest of some 50 people. I think that it speaks volumes about the prospect of this exchange, regardless of its seemingly positive relations with the authorities.
I don’t understand those who approve the tight cooperation that EUCX established with different authorities. Yeah, the exchange could be more secure, which is also doubtful, given the current skill level of hackers, but you can definitely forget about anonymity and non-intrusion when trading on EUCX. Blockchain and crypto are all about not letting the authorities get their hands on your personal and financial information whilst this exchange is moving in a totally different direction.
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