December 4, 2020

New trading limits: 5x for Tier 0 and 10x for KYC’d users!

Nash is pleased to announce that we’re increasing our trading limits. Tier 0 users can enjoy five times their old daily trading limit, while KYC’d users (Tier 1 and above) see their limits increase by ten times!

Here are the new trading limits for the Nash Exchange:

To meet regulatory requirements with these higher trading limits, Nash must also introduce a deposit limit to our trading channels. If the total size of your transfers into and out of the trading channels exceeds your deposit limit, deposits will be blocked and you will have to upgrade your verification tier or wait until you fall back below the limit for the current time period.

This deposit limit does not affect withdrawals in any way. You will always be free to withdraw all your funds from Nash trading channels. Nash has the ability to block the creation of new channel deposits with the matching engine but has no capacity to block withdrawals.

Deposit limits on Nash are as follows:

Our new trading limits are yet another step towards offering the best possible user experience for non-custodial trading while building a compliant platform ready for the future adoption of crypto assets.

You can stay up to date with Nash by following our Twitter and Instagram, as well as joining our official Telegram group. We also encourage all Nash Exchange token (NEX) holders to join our community platform, where they can talk directly with the team and receive reliable answers to questions.

Tom

Compliance and Registration

Nash was the first Crypto Platform in Europe registered by the Financial Market Authority (FMA) of Liechtenstein. Nash is also registered with the De Nederlandsche Bank N.V. (DNB).

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Nash’s Crypto Platform and Investment App uses state-of-the art, audited security measures and is fully non-custodial.

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Rates may vary over time. Crypto-powered earnings on Nash are not covered by any deposit guarantee schemes like bank savings accounts and involve risks unique to the underlying technologies: (i) Exploitations of the smart contracts used; (ii) Forex fluctations between your national currency and the US dollar, which underlies crypto earnings assets; (iii) USD stablecoins losing their peg.

Nash is a trademark of Neon Exchange Aktiengesellschaft. Neon Exchange Aktiengesellschaft is an exchange bureau registered with the FMA of Liechtenstein (TT Exchange Service Provider Nr. 261096 as defined by the Token- und VT-Dienstleister-Gesetz / TVTG, 3 October 2019)

Nash Exchange B.V. is registered with De Nederlandsche Bank N.V. (DNB) as a provider of crypto services. DNB conducts supervision and monitors Nash Exchange B.V.’s compliance with the Money Laundering and Terrorist Financing Prevention Act and the Sanctions Act 1977. Nash Exchange B.V. is not under the prudential supervision of DNB nor under business conduct supervision of the AFM. This means there is no supervision of financial requirements or business risks and no specific consumer financial protections.

Neon Exchange Aktiengesellschaft is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act – for more information please see this link.

Neon Exchange Aktiengesellschaft also provides fiat-crypto exchange services. These are separate and unrelated to the account and payment services you receive from Modulr Finance B.V.