On July 30, 2018, DCEX, crypto marketplace, announced that the registration is opened to the first crypto exchange by using XRP as its base currency. The next generation crypto marketplace, DCEX powered by AlphaPoint, a blockchain exchange technology company. Although, clients will not be able to start the trading for a few more weeks.
DCEX is the first US based digital currency marketplace to list $XRP, launched today. It uses XRP as the exclusive base currency to facilitate faster transactions. #XRP #xrpthebase #cryptohttps://t.co/RES1fLuIQO
— DCEX (@dcexofficial) July 31, 2018
DCEX says that using XRP as a base currency provides a speedy transaction which provides a benefit ‘over other money movement options’.
DCEX allows trading XRP against fiat (USD) and following 15 cryptocurrencies including:
Additionaly, DCEX is also planning to add support for many pairs including Cardono (ADA) and Neo (NEO) in upcoming days. The platform also provides easy access to all 10 coins listed in the Bloomberg Galaxy Crypto Index (BGCI) at one place, including EOS, Monero and Dash.
Further the blog post reads that the exchange is completely based on AlphaPoint’s distributed ledger. At present, the customers are allowed to register at https://dcex.com/.
AlphaPoint is one of the secured, scalable and customized distributed ledger platforms enabling DCEX like platforms to launch and operate markets. It is a technology support for DCEX’s exchange to have a processing capacity of nearly 1 million transactions per second. Recently, the firm has raised $15 million in its first round of venture capital funding successfully. Remarkably, the fund raise via Galaxy Digital, the crypto merchant bank launched by Mike Novogratz.
Today we’re very excited to announce the launch of @dcexofficial, powered by @AlphaPointLive. DCEX is the first-ever digital currency exchange to utilize $XRP as its exclusive base currency.
Read more here on our blog: https://t.co/YGnzPcvxrR #fintech #XRPCommunity #blockchain pic.twitter.com/HRKcoPjkSH
— AlphaPoint (@AlphaPointLive) July 30, 2018
Also, at present DCEX is registered with FINCEN, the platform is planning to be fully regulated and compliant operation under US Securities and Exchange Commission (SEC).