DCEX is a San Francisco based startup and it just revealed that its digital asset exchange is open for client registration.
The important thing is that the exchange is the very first in the world to exclusively use XRP as their base currency. DCEX’s trading is set to start within a few weeks.
DCEX is powered by exchange technology from Distributed Ledger Technology (DLT) solution provider AlphaPoint.
DCEX says that being an XRP-based marketplace will allow it to settle transactions in under 4 seconds and this would provide a high-speed advantage over other money movement options.
DCEX allows trading XRP again fiat currency (USD) and other 15 cryptos. You can enjoy the following trading pairs:
- XRP/USD
- BTC/XRP
- LTC/XRP
- ETH/XRP
- OMG/XRP
- BCH/XRP
- DASH/XRP
- TRX/XRP
- VEN/XRP
- TUSD/XRP
- BTG/XRP
- ZEC/XRP
- XMR/XRP
- ETC/XRP
DCEX stated that it also plans to add Neo (NEO), Cardano (ADA) and more pairs in the upcoming months as well.
Customers will be able to register on the platform by heading here but it’s important to remember that the exchange is not ready yet to allow trading.
DCEX best features
- The arbitrage among currency pairs on various exchanges with XRP as base currency will allow seamless and high-speed transactions.
- Users will be able to enjoy faster execution times with lower latency, as Ripple‘s XRP blockchain transactions usually settle in under 4 seconds, and this allows faster multi-exchange strategies.
- High-frequency crypto trading is possible because participants can easily connect to APIs to facilitate great trading strategies.
- Users will also get to enjoy an increase of overall liquidity in the crypto space using the XRP protocol.
- Customers will benefit from lower transaction fees and the market participants will be able to rapidly move XRP between DCEX and other marketplaces at low costs.
- Traders will be able to increase returns when leveraging their investment.
Maker fees are 0% and taker fees are 0.2%.
