Crypto-Exchange definition
Crypto-Exchange means an exchange or other kind of trading platform, where crypto- assets (including Security Tokens) can be traded. If such exchanges or trading platforms allow or enable trades in digital assets that qualify as securities, they are, depending on applicable law, subject to licensing requirements. If domiciled or operative within the European Union and depending on their exact structure, such exchanges or trading platforms most likely will qualify as Mulitlateral Trading Facilities (MTF) or Organized Trading Facilities (OTF) in the meaning of Directive 2014/65/EC (“MiFID II”). At the date of this Prospectus, to the best knowledge of the Issuer, no exchanges or trading platforms which allow trades with Tokens issued under this Prospectus or are suitable for such trades are existing and operative.
Crypto-Exchange means an exchange or other kind of trading platform, where crypto- assets (including Security Tokens) can be traded. If such exchanges or trading platforms allow or enable trades in digital assets that qualify as securities, they are, depending on applicable law, subject to licensing requirements. If domiciled or operative within the
Examples of Crypto-Exchange in a sentence
Where Tokens are admitted for trading by a Crypto-Exchange or a regulated market, trades will be executed in accordance with the rules and regulations of the relevant exchange or platform and settled by way of transfer on the Crowdlitoken platform.
They are fully fungible and can be traded at Crypto-Exchange, once such exchanges or platforms are licensed for trading with Security Token and once the Tokens are listed or accepted for trading on such exchange or platform.