Brazil-based crypto exchange Digitra.com has launched a cryptocurrency exchange for institutional and retail investors powered by Nasdaq’s cloud-based crypto trading service, according to a Tuesday press release.
“Nasdaq brings extensive experience and expertise in capital markets technology to Digitra.com and our industry,” Digitra.com founder and CEO Rodrigo Batista said in the release. “Our technology collaboration gives us a robust foundation to grow and build new features for our clients.”
Nasdaq’s 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.com‘s new commission and fee structure called Trade to Earn. Trade to Earn eliminates transaction fees and awards customers the platform’s native digitra tokens (DGTA) for every executed trade.
“By offering additional services on top of cryptocurrency spot trading, we will create new revenue streams that replace the traditional transaction fees,” Batista said.
Digitra.com 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 year’s end.
Nasdaq’s Marketplace Services Platform isn’t Nasdaq’s 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 about
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.