What Is DCEX?

2018-8-1 16:00

Exchanges and trading platforms are slowly taking center stage in the world of cryptocurrency and digital assets. AlphaPoint is now powering DCEX, another digital currency exchange which uses XRP as its base currency. It is not the first time a company has taken this approach, although it remains to be seen whether DCEX will attract many investors and traders.

The DCEX Concept Explained

It is good to see more trading platforms focus on cryptocurrency and digital assets. Consumers are demanding access to this form of money, and DCEX is designed to cater to their needs. It is a next-generation digital currency exchange for retail and institutional investors. It will also use XRP as its exclusive base currency, which will undoubtedly spark debate.

How Does it Work?

The founders of DCEX have experience in the securities industry. That is rather interesting, considering XRP may be labeled as a security by the SEC in the near future. The agency has yet to render its decision on this topic, although it is always best to prepare for the worst. For DCEX, the focus lies on providing convenient access to cryptocurrency and digital asset trading.

This new marketplace will provide access to a fair few currencies and assets. A total of 15 different coin pairs will be accessible to the public. The list includes Bitcoin, Ethereum, EOS, TRON, Monero, and others. Only one stablecoin will be supported, and the team opted for TrueUSD rather than Tether’s USDT. It’s an interesting choice, all things considered.

Key features of DCEX include arbitrage, high-frequency trading, improved liquidity, and margin trading. It provides all of the functionality one would expect from any cryptocurrency or digital asset trading platform. The use of XRP as a base currency will be interesting to keep an eye on as well, mainly because it is not the most liquid asset on the market today.

The Road Ahead

As is always the case when a new cryptocurrency and digital asset trading platform launches, a plan of action is necessary. DCEX is already looking at introducing support for more currencies, including NEO, Cardano, and a few others. Whether or not it will ever support fiat currencies remains a bit unclear at this stage. So far, that seems highly unlikely.

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Ripple Sees Use-Case Debut As DCEX Becomes First XRP-Based Exchange

Blockchain exchange tech company Alphapoint has announced registration is open for DCEX exchange, the first platform to use the Ripple XRP token as its base currency. DCEX To Open In ‘Coming Weeks’ In a press release July 30, the company announced DCEX, which caters to retail and institutional investors, would commence trading “in the coming weeks.

2018-7-31 19:00


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Introduction of the new ripple based alternatives in San Francisco

A new Ripple (XRP)-based decentralized crypto marketplace, DCEX, has now opened registration for retail and institutional accounts, according to a press release published July 30. The new San Francisco-based platform runs on technology developed by blockchain firm AlphaPoint, and will initially offer 15 crypto-crypto trading pairs, all against Ripple as a base currency. These include

2018-7-31 18:45


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Занимающаяся оснащением криптовалютных бирж финтех-компания AlphaPoint объявила о запуске платформы для торговли цифровыми активами DCEX. В качестве базовой валюты площадка будет использовать Ripple (XRP).

2018-7-31 10:32