DCEX Cryptocurrency Exchange to Use XRP as Exclusive Base Currency

Snip from https://dcex.com/

DCEX, a San Francisco based digital currency marketplace, announced registration is open to its first digital currency exchange using XRP as a base currency. The DCEX uses blockchain exchange technology from AlphaPoint. AlphaPoint helps in digitizing assets as well as launch and operate markets with its white label exchange technology using its secure, scalable, and customizable distributed ledger platform, says the announcement.

DCEX is a crypto-to-crypto marketplace with XRP as a base currency. This is the first such exchange as far as we know. DCEX will enable trading pairs of total 15 crypto coin.

These crypto coin pairs include XRP, Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum classic (ETC), OmiseGo (OMG), EOS (EOS), DASH (DASH), Tron (TRX), Monero (XMR), VeChain (VEN), IOTA (IOTA), ZCash (ZEC), and stable-coin TrueUSD (TUSD).

There is also a plan to include Neo (NEO), Cardano (ADA) and other pairs in coming months. All ten coins listed in Bloomberg Galaxy Crypto Index (BGCI) are available for trading in one place.
Bloomberg Galaxy Crypto Index (BGCI)

DCEX features include,

  • Arbitrage among currency pairs on different exchanges
  • Faster execution times with lower latency
  • High-frequency crypto trading
  • The increase of overall liquidity in cryptocurrency space, using the XRP protocol
  • Lower transaction fees
  • Margin trading

DCEX allows seamless and high-speed transfer between exchanges to allow arbitrage among currency pairs on different exchanges. DCEX claims to execute one million transactions per second and XRP blockchain transactions confirmed in four seconds. This allows faster multi-exchange transactions overall money transfer methods. API access will be also available. Transactions cost will be lower than other exchanges due to lower network fees. Margin trading will be also made available to the traders.

AlphaPoint's proprietary distributed ledger technology used is a highly-secured venue and is the technology backbone for DCEX’s exchange to have a processing capacity of nearly one million transactions per second.

The announcement further noted that registrations are now open and available at https://dcex.com/ and trading will commence in next few weeks.

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Mandar is a seasoned software professional for more than a decade. He is Cloud, AI, IoT, Blockchain and Fintech enthusiast. He writes to benefit others from his experiences. His overall goal is to help people learn about the Cloud, AI, IoT, Blockchain and Fintech and the effects they will have economically and socially in the future.

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