On Monday the company announced that the cryptocurrency services firm AlphaPoint is going to empower a new decentralized exchange.
A San Francisco-based marketplace has initially opened registration for its platform by DCEX ( a next-generation digital currency exchange for retail and institutional investors powered by AlphaPoint blockchain technology), because of which the clients or customers will not be able to begin trading for few more weeks. XRP is used as “base currency” for the exchange, it means many of its trading pairs are nominated in the third-largest cryptocurrency by market cap, The CEO of AlphaPoint ‘Salil Donde’ said in his blog post:
“We, as founders, have been in the crypto space since its inception that went unnoticed by many. Interest in blockchain is slowly becoming global, escaping the narrow indoor spaces of technically inclined groups of enthusiasts. At DCEX we firmly believe that a true industry leader must be unrivaled in every element of the service it offers. We offer the excitement of trading, and provide you with the means to navigate the uncharted waters of cryptocurrency trading.”
There are almost 15 trading pairs available, they are this all pairs at one place itself said DCEX in its announcement, The new blockchain based crypto-to-crypto marketplace, will offer clients the ability to trade a total of 15 coin pairs — 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 stable-coin TrueUSD (TUSD), with plans to add Neo (NEO), Cardano (ADA), and more pairs in the coming months, rest other coins are listed in the Bloomberg Galaxy Crypto Index (BGCI). In upcoming months it will add neo and ADA, in other trading pairs within the months.
The AlphaPoint is distributed ledger based exchange, the announcement said:
“DCEX uses XRP as a base in order rapidly move funds with low transaction costs, Donde wrote. Specifically, the XRP ledger is designed for high execution speeds and settlement within a few seconds, which can provide an advantage for traders”.
The news has come up one and a half month after when AlphaPoint announced they successfully capital funding in its first venture round who has raised $15 million, the fund it raised through Galaxy Digital, the cryptocurrency billionaire Mike Novogratz launched the cryptocurrency merchant bank.