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DCEX to Launch Crypto Exchange with XRP as a Base Currency

San Francisco based startup, DCEX announced to launch first crypto exchange to use XRP as base currency.

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 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:

  • XRP/USD
  • BTC/XRP
  • LTC/XRP
  • ETH/XRP
  • OMG/XRP
  • BCH/XRP
  • DASH/XRP
  • TRX/XRP
  • VEN/XRP
  • TUSD/XRP
  • BTG/XRP
  • ZEC/XRP
  • XMR/XRP
  • ETC/XRP

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.

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).

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Kerin

Kerin is active blogger and guest writer at Coinpedia. She loves writing new updates, price fluctuations and possible insights. Kerin frequently search, review and share her views among large audience via crypto media firms.

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