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What is Liechtenstein Cryptoassets Exchange (LCX)?

Liechtenstein Cryptoassets Exchange or LCX is a scalable and stable platform that supports trading of utility and security tokens on the global scale. The LCX cryptocurrency exchange uses enterprise-grade security solutions to ensure that users’ deposits remain perfectly safe under any conditions. Once it is fully operational, the LCX exchange will support Euro and Swiss Franc trading coupled with the most popular crypto assets. Depending on regulatory approval, the exchange plans to bring in more fiat trading pairs.

To meet the highest market standards, LCX will operate and offer its services under the existing regulatory framework of the Principality of Liechtenstein and the Liechtenstein Blockchain Act, once in force. LCX will roll out its business in several phases and plans to obtain a MiFID II license in accordance with the Liechtenstein Banking Act and further licenses under the Blockchain Act. While conducting its business, LCX will give their best to comply with existing Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations applicable to the regulated financial market.

LCX will provide crypto-custody service called LCX Vault, a crypto trading desk called the LCX Terminal, a state-of-the-art trading platform for security tokens and other crypto assets called LCX Exchange, and an international fiat-to-crypto exchange called Binance LCX, which is a joint venture borne out of a partnership with Binance.

Team

Founded by CEO Monty C. M. Metzger, LCX has an incredible team of seasoned professionals with large portfolios behind them, such as Don Tapscott, the leading authority in blockchain and author of “The Blockchain Revolution”, Jimmy Wales, the founder of Wikipedia, and others.

Find out more at https://lcx.com/about

Community around it:

  • Telegram: 3,360 members;
  • Facebook: 51 followers;
  • Twitter: 2,291 followers.

LCX is also present in the blogosphere, and here are some highlights from their Medium blog:

Token info

no information about the eventual token sale, token distribution, or intended use of funds.

Roadmap

no information

Competitors

LCX does not lack competition and will have a difficult task trying to overthrow the crypto exchange giants, such as Coinbase and OKEx.

Coinbase is believed to be the user-friendliest crypto exchange, suitable even for beginners. Just like a brokerage firm, Coinbase offers the option of buying crypto assets directly from the platform instead of buying from other users. Charging 1.49% fees on bank purchases and 3.99% on credit and debit purchases, Coinbase allows recurring purchases when investing in various cryptocurrencies. It is a well-accomplished exchange that will be tough to compete against.

Based in Hong Kong, OKEx is a robust crypto trading platform with access to around 145 coins. The platform has its own token which gives a discount on trading fees, voting rights in the company, and other services such as fiat trading. Managing trades of about $1.5 billion worth of Bitcoin futures daily, OKEx nevertheless faces some regulatory issues, which is why it doesn’t serve customers in certain countries, such as Hong Kong, Iran, United States, and more.

Verdict

While LCX is one of the many crypto exchanges out there, it is noteworthy that they are going a step ahead to make sure all is in accordance with the complicated laws and regulations in the financial world that became even more complicated with the emergence of the blockchain technology and cryptocurrencies. With LCX, professional and institutional investors will have the opportunity of a fully compliant and trustworthy way to participate in the most important emerging asset class.

That said, there is no information available on LCX’s token sale, but it could only mean that the LCX team is right now more focused on the development of their platform, and wants to have a working product before making a pitch to the investors. And they are truly on a good path, as shown by their partnership with Binance and have a good chance of ushering blockchain finance into a new era and leading the way to regulatory clarity.

Contacts

By Sead Fadilpasic

 

Rating

8

PLAN

8.0/10

TEAM

10.0/10

MARKETING

7.0/10

MARKET GROWTH

9.0/10

COMPETITORS

6.0/10

Pros

  • Superior team
  • Featured heavily in the media
  • Powerful partnerships
  • Good plan

Cons

  • A lot of competition
  • No whitepaper or token sale plan yet