National Digital Asset Exchange (NDAX) is the newest regulated crypto exchange. This Calgary-based exchanged was recently launched on June 23rd this year. The crypto exchange offers Canadians fiat to XRP trading opportunity. It also promises zero deposit fees for the remaining part of the year.
The NDAX crypto exchange completed its stress testing around June 23rd this year. Post the testing, the exchange went officially live. However, NDAX announced a soft launch earlier on 31st May 2018.
An interesting thing to note about NDAX is that its entire client held fiat deposits (CAD) are held at a trusted Canadian banking institution in a segregated bank account. The NDAX crypto exchange is designed for both individuals as well as institutions. Presently the exchange is counted as the country’s most advanced cryptocurrency trading platform offering the largest portfolio of digital currencies.
Some of the additional benefits offered by this crypto exchange include instant ID verification, low trading and withdrawal fees, deep liquidity for large transactions, and institutional level security. It also facilitates expedited settlement by offering a plethora of options such as bank draft, wire transfer, certified cheque, Interac e-Transfer, and EFT or direct deposit.
In terms of security, NDAX mentions that the digital assets of its customers are protected by multi-signature technology with 98% of the assets being held in cold storage. As reported in CryptoGlobe, NDAX is regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Service Business (MSB).
This present move of the exchange to support XRP is quite significant as the only other cryptocurrencies that are being supported include Bitcoin Cash (BCH), Litecoin (LTC), Bitcoin (BTC), and Ethereum (ETH). The exchange’s two major competitors, QuadrigaCX and Coinsquare presently do not support XRP thereby providing NDAX with the competitive edge. The exchange is focused towards providing its clients with a world-class experience of buying, selling, and storing digital assets in the most secure, compliant, and simple manner.
The post Newly Regulated NDAX Crypto Exchange Supports XRP Trading appeared first on OWLT Market.
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