Cryptocurrency services firm, AlphaPoint recently announced that it has been powering a new decentralized exchange. The announcement further stated that this exchange will be purely based on AlphaPoint’s distributed ledger.
AlphaPoint CEO Salil Donde stated that DCEX, a San Francisco-based marketplace, formally unlocked registration for its platform, though users will not be able to start trading for a few more days. DCEX uses XRP as its normal currency that means a lot of its trading pairs are denominated in the fourth-largest cryptocurrency.
According to DCEX, it will be able to offer an entire 20 trading pairs, including XRP, Bitcoin, Litecoin, Ethereum, Ethereum Classic, Vechain, Zcash, and stablecoin TrueUSD. The exchange further states that it shall add Neo and Cardano, among other trading pairs within a few weeks. DCEX also provides access to every 10 coins listed in the Bloomberg Galaxy Crypto Index, which contains Monero, EOS, and Dash.
DCEX uses XRP as a disreputable in order to quickly move funds with less transaction fees. Exactly, the XRP ledger is considered for great implementation speeds and payment within a few minutes, which can offer a benefit to traders.
AlphaPoint announced this news after it had effectively raised $15 million in its initial round of scheme capital funding. The funds were outstretched chiefly through Galaxy Digital, the cryptocurrency merchant bank launched by billionaire investor Mike Novogratz.
Features Of DCEX
One of the important features of DCEX is that traders can get high returns when leveraging their investment to take benefit of trading chances as they arise. The DCEX platform lets quick transaction volume with a system intended to enable millions of transactions per second. It gives traders simple methods to access a lot of the top cryptocurrencies and a high-frequency crypto trading.
According to the news published on Coin Desk, Alpha Point offers a highly-secured and technology backbone for DCEX’s exchange to have a handling volume of nearly one million transactions per second.
The post AlphaPoint Powers New XRP-Based Decentralized Exchange appeared first on OWLT Market.
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