DCEX announced the launch of its first digital currency exchange which will utilize XRP as its base currency.
DCEX is a cryptocurrency marketplace for investors and traders powered by blockchain exchange technology AlphaPoint. It has many cryptocurrencies, many of which will be running against XRP as the base currency. The list of these coins include total 15 coins namely 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 TrueUSD with plans of adding many more money pairs. It also offers access to Bloomberg Galaxy Crypto Index in one place.
DCEX will be open to public users in a few days’ time. The features included in this will be:
- XRP as base currency will allow for a seamless and efficient transfer of money irrespective of the different currency’s price inefficiencies.
- DCEX is a very rapid transaction platform, facilitating up to one million transactions per second. Thus it allows high transaction capacity with low latency. Also, a typical XRP blockchain transaction finishes in 4 seconds, allowing for faster money flow than other methods.
- Advanced user can easily use APIs to facilitate high-frequency crypto trading.
- Using a base currency gives the marketers an easy path to convert to higher cryptocurrencies. Also, XRP transaction costs less in terms of transaction fees. So it is efficient as well as economical for the lower investors.
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