CoinX Debuts at Money2020, Enables Wall St.-Like Bitcoin Trades

Scrutiny from regulators and critics alike hasn’t stopped innovation and the advance of bitcoin in the global marketplace.

CoinX, a digital currency exchange which touts itself as a fully regulation compliant trading platform, debuted at the Money2020 conference.

It was first founded in June, 2012, by Megan Burton, who believed that bitcoin could be a disruptive technology which could allow businesses to send and receive money while cutting out the middleman.

CoinX is hosted on the New York Stock Exchange, so it features much of the same technologies and security measures already in place. With it comes the ability to carry out buying and selling of bitcoins for other currencies in milliseconds, which makes day-trading a viable option. CoinX also plans to support other digital currencies such as Ripple in the near future.

What separates CoinX from other less reputable exchanges that seem to be cropping up is its initiative to become accepted by both regulators and leaders in the financial services industry. It is registered with the U.S. Treasury Department’s Financial Crimes Enforcement Network. It also has relationships with multiple banks.

If all of this sounds familiar to you, it should. Another upcoming bitcoin exchange and trading platform, Coinsetter, is in private beta and possesses much of the same features that CoinX does.

The fact is, there is an obvious demand in the digital currency market for a quick and efficient trading platform. Bitcoin evangelists have hoped that the digital currency could become disruptive enough to become an alternative to the status quo. If these exchanges are successful, it will be evident that bitcoin can be much more than just a viable alternative.