2018-7-31 18:45 |
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 Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), EOS (EOS), IOTA (MIOTA), and ZCash (ZEC), among others, with further altcoins to be listed in the future.
According to the press release, DCEX believes that using XRP as a base currency will allow for “high-speed transfers” that can help investors to better take advantage of “price inefficiencies” in their arbitrage among currency pairs on different exchanges.
DCEX, reportedly registered with FINCEN, is taking “initial steps” towards becoming a fully compliant and regulated operator under the U.S. Securities and Exchange Commission (SEC) and other regulatory agencies, the press release notes.