AlphaPoint – a digital currency service company – is pioneering a new decentralized digital currency trading platform – as announced by the firm on Monday, July 30, 2018. DCEX – a marketplace situated in San Francisco – initially opened registration for its trading platform, although users won’t be able to start trading immediately. Trading will commence a couple of weeks from now.
The digital currency trading platform notably uses XRP (XRP) as its fundamental digital currency. This means that most of its trading pairs are denominated in XRP – the third largest digital currency in the world by market cap – says Salil Donde, the CEO of AlphaPoint.
The Supported Digital Currencies on the Platform
In a blog post, DCEX said that it will be able to offer a total of fifteen digital currencies, including XRP (XRP), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), VeChain (VET), Zcash (ZEC), stable-coin, and Ethereum Classic (ETC).
They also said that they will add Cardano (ADA) and NEO (NEO) to the list of tradable digital currencies on the platform in the next few months. The trading platform also provides access to all ten digital currencies listed on the Bloomberg Galaxy Crypto Index, including Dash (DASH), EOS (EOS), and Monero [XMR].
According to the announcement, the trading platform is based on the distributed ledger of AlphaPoint. The exchange uses XRP as a fundamental in order to speedily move funds with low costs of transactions – according to Donde. The XRP ledger is built for high transaction speeds and payments within seconds, and this can be of great advantage for traders.
XRP (XRP) Price Today – XRP / USD
At the time of writing, XRP (XRP) is trading at $0.4380 after a decline of about 2.5 percent over the past twenty-four hours. The current market cap of the digital currency is $17.39 billion and its trading volume over the past twenty-four hours is $236.60 million.