Etherbase

Appropriate Digital Assets Exchange European Rules?

Eterbase is a regulated European cryptocurrency exchange that offers fast and secure trading across a clean UI. Discover how it works today in our review.

Eterbase, found online at Eterbase.com, is a regulated European-based cryptocurrency exchange in the world.

The company announced their exchange online on April 25, 2018. Since May 2, the company offers early user membership access in exchange for entering an email address. You can peek at the exchanges in their official blog post here.
Eterbase is being developed by Liechtenstein-based developer team.

What is Eterbase?

Of course, there are many cryptocurrency exchanges already available today. What makes Eterbase different? How does the exchange plan to compete? Here are some core features of the exchange:

Heavy Duty Trade: Eterbase will use "exclusive infrastructure and matching machines" to offer "Safe, complex, high-volume trading" at a level "comparable to Wall Street," according to the official website.

Rule-Compliant: Etherbase is built on a comprehensive core of regulation. The core is subject to regulations such as KYC, AML, CTF, and GDPR, which make it fully compliant with EU regulations.

Clean and Professional: Eterbase aims to offer strong trading capabilities for professional and novice traders, including "human-oriented design, 24/7 support, and intuitive interface."

Individual Clients IBAN: Eterbase is applying to become an Electronic Money Institute, or EMI, under European regulatory standards. If successful, this will allow Eterbase to issue a fully operational International Bank Account Number, or IBAN. That means they will be able to remove the Euro payments directly while serving customers across the European Economic Area (EEA), which includes 31 European countries. This will give Eterbase coverage and similar services as a European based bank.SEPA & Debet Card: Another advantage to obtaining an EMI license is the ability to integrate Etherbase with a Single Euro Payments Area (SEPA) system. SEPA is accessible to 500 million people and 20 million businesses across Europe. If the EMI Eterbase application succeeds, then the platform will be able to receive direct cash deposits and withdrawals on payment accounts - such as banks. Eterbase will also be able to issue debit cards and make card payments - against, just like any regular bank.

Mobile Application: Etherbase plans to launch mobile apps in the future. The mobile app will offer secure, fast, user-friendly, and portable portfolio trading on your mobile device.

Sub-Accounts: Eterbase will have a sub-account system where you can manage various portfolios and trading strategies across various accounts from within your single account. You can see your entire portfolio value at a glance while still implementing a unique individual trading strategy.

Social Trafficking: The Eterbase social trading feature lets you follow and interact with top merchants. Top merchants receive commissions for everyone who copies their trades.

You can see an example of Eterbase's online dashboard today at the Eterbase.com blog post. The dashboard looks similar to GDAX and other major cryptocurrency exchanges, displaying complex information in a simplified way while giving traders access to all the data they need from a single screen.

How Does an Etherbase Token Work?

An Etherbase Token, or ETX token, is an ERC20-compliant token built on EthEREum blockchain. Tokens can be redeemed for discounts, products and services available through Eterbase.

There is a total inventory of 1 billion ETX tokens.

The main purpose of the ETX token is to access the Eterbase tiered membership scheme, which we will discuss below.

Etherbase Conclusion

Eterbase aims to differentiate itself from the competition by launching a fully regulated European based cryptocurrency exchange. The exchange will offer a company-class trading capability along with a tiered membership system that significantly rewards ETX token holders. Eterbase also filed an application to become an Electronic Money Agency (EMI) under EU law, which means the exchange can accept SEPA transfers and interact directly with the European banking system.

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