DIFX secures new crypto services license from EU

Digital Financial Exchange (DIFX), a fast-growing fully insured cross-asset trading platform that allows its customers access to assets such as stocks, forex, crypto, and commodities, has reportedly secured additional licensing from the European Union.

The EU license is for the platform’s virtual asset exchange and custody services, according to a press release on Monday. Although the firm didn’t provide more details regarding the license, it did call this a “milestone” as it looks to expand across the globe. The license also allows it to promote further adoption of crypto and blockchain, he added.  

Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Jeetu Kataria, the platform’s CEO and co-founder noted in a statement that the regulatory approval is another step in the quest to become the largest cross-asset trading provider. As such, DIFX is looking to get 10 new licenses by the end of 2022 as it eyes reaching 5 million users by the end of next year.

DIFX offers both a spot exchange and a MT5 platform, with customers able to access over 700 assets and more than 100 crypto perpetual futures.

The native token DIFX currently trades around $0.34 according to data from CoinGecko. The DIFX/USD pair reached its all-time high of $0.44 on 29 January 2022.