Danish cryptocurrency exchange platform CCEDK has announced its plans to relaunch as a decentralized conglomerate on 1 July, which is being accomplished via several partnerships and new initiatives, in hopes to benefit traders and businesses in diverse ways.

“While the plan for CCEDK is to create an ecosystem that supports blossoming start-ups with blockchain-powered security and built-in marketing support, the greater goal is to establish an engine that truly reflects what the market wants, and puts capital where the market demands,” states Ronny Boesing, CEO of CCEDK. “The Decentralized Conglomerate will help accelerate industry through a coordinated Enterprise secured by the blockchain – but is ultimately powered and driven by its people.”

Founded in 2014, CCEDK is a crypto coins exchange platform on which seller and buyer meet and do their transactions directly with bitcoin, litecoin etc. with CCEDK as their intermediary. In order to attract and retain customers, exchanges are increasingly looking to add more services and facilities to offer users everything they need under one roof and CCEDK aims to achieve this by relaunching as an enterprise crypto ecosystem engine.

“CCEDK will relaunch on 1 July with a redesigned website and a new set of services, including escrow facilities, crowdfunding, marketing and even issuance of assets on behalf of interested parties. While the company will keep the same acronym, it will now be called ‘Crypto-Coins Enterprise Denmark’. The CCEDK portal will act as the investment knowledge hub for the Decentralized Conglomerate, which currently includes Openledger, Obits, BitTeaser and other blockchain-based projects”, CCEDK said.

The exchange will now spend several weeks offline to allow major upgrade to its services. By the end of this month, it will cease trading activities and in June it will allow withdrawals. During this period, CCEDK will carry on the revamping activities as well as integration with key new services, including OpenLedger, BitTeaser Blockchain Advertising Network, and the Obits Bloggers’ Club 500.

Users failing to retrieve their funds from CCEDK before July 1st will still be able to access all available assets on OpenLedger or have them sent to the address of their choice.

CCEDK’s OpenLedger is a trustless decentralized exchange that provides fiat gateway with USD, EUR and CNY, a bridge to bitcoin and other cryptocurrencies DOGE, DASH, Peercoin, Litecoin, NuBits, NuShares, BlockShares, Emercoin and many more. CCEDK will be transitioning from hosting an exchange to operating as support for the OpenLedger project by becoming a service center and fiat gateway for the platform. In addition to consolidating the volumes of the two exchanges, this will position CCEDK as the “entry point” businesses seeking to raise funds, offer vital knowledge and experience, and enable developers to serve end users better. It will sell Initial Coin Offering (ICO) packages to businesses looking to raise funds, as a way to generate revenues for Openledger and CCEDK.

“The basic package will include creation of a token, a fixed number of blog articles written about the company from the Obits Bloggers’ Club 500, and a number of BitTeaser advertisements; higher-tier packages will enjoy increased advertising and blogging support. A proportion of the revenues from consulting and selling ICO packages will flow into OBITS and BitTeaser, as supporting assets, whilst another allocation will be made to holders of a new asset, ICOO”, CCEDK said.

In addition, CCEDK also announced the launch of the crowdfunding campaign for a brand new initiative, Initial Coin Offering Openledger (ICOO) to take place on 20 May. It explained that this novel asset will allow holders to benefit from future ICOs by investing in them and making proxy tokens available to trade before they launch. The fund will purchase assets from supported ICOs and create tokens representing these on OpenLedger in the period before the official release of the project.