New Crypto Exchange Uses XRP as its Base Currency
July 31 2018 - 4:56AM
ADVFN Crypto NewsWire
A new crypto exchange is planning to use ripple (XRP) as its
base unit currency. This will be the first exchange that has taken
the move to adopt XRP in such a prominent manner as its exclusive
currency.
One of the main concerns with cryptocurrency is that the market
is too dependent on bitcoin, with the vast majority of altcoins
intrinsically linked to BTC, which is not a positive for the market
going forward.
New crypto exchange for the next generation
DCEX announced today that it would
be opening registration for a new crypto exchange that will be
using XRP as its exclusive base unit. This is the first crypto
exchange in the world to use XRP in this way, opening up the market
to a new way of thinking.
DCEX will be powered by the cutting-edge crypto tech firm,
AlphaPoint. This next generation exchange will have all currencies
trading against RPX. There will be 15 pairs available for crypto
traders such as bitcoin, ether, litecoin, bitcoin cash, monero and
many more. There are even plans to add cardano and NEO shortly.
This new crypto exchange will be fully open for trading in the
next few weeks, although you can register now. One of the most
interesting functions of the DCEX platform will be its rapid
execution times with lower latency, which is ideal as the U.S.
based marketplace is made for speed. DCEX was designed to allow
fast transaction volume as the whole network can handle more than
one million transactions per second.
Transactions in XRP will take less
than four seconds on average, which will enable rapid transfers
making DCEX one of the fastest new crypto exchanges in the
market.
Perfect platform for crypto traders
The DCEX exchange will be ideal for crypto traders, as it’s easy
to connect your API key to speed up the high-frequency trading
strategies. It’s all about the speed, and by using the XRP
protocol, users will be able to enjoy new pairs and unique ways of
trading crypto.
One of the tactics DCEX is adopting to encourage registration is
lower transaction fees, which is something that a new crypto
exchange usually offers in its infancy. Users will have the
opportunity to move their XRP more rapidly on the exchange
and to other exchanges with very competitive and reasonable
transactions fees and withdrawal rates.
AlphaPoint is an innovative company and the technical whiz kids
behind the workings of this new crypto exchange, promising a secure
and customizable ledger platform that will allow DCEX to offer such
rapid transaction times. Their renowned ledger technology offers a
very secure foundation as the backbone of the exchange to enable
rapid processing capacity when compared to many of the leading
exchanges we currently see in the marketplace.
In the fast-moving crypto world of today, it is becoming
extremely important for a new crypto exchange to offer something
new and unique to stand out from the crowd, and that is exactly
what DCEX is planning to do by making XRP their base unit.
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