Brazilian Crypto Exchange Digitra.com Launches Trading Platform Using Nasdaq's Cloud-Based Technology
Nasdaq’s Marketplace Services Platform will support Digitra’s new "trade-to-earn" feature that awards tokens for every executed trade.
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.
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