DCEX to launch blockchain-based crypto-to-crypto marketplace with XRP as base currency

Cryptocurrency marketplace DCEX has announced that registrations are now open for the first digital currency exchange that will utilize XRP as its exclusive base currency.

Powered by AlphaPoint blockchain technology, DCEX is a crypto-to-crypto marketplace, with all currencies trading against XRP. According to the official release, the platform will offers access to all ten coins listed in the Bloomberg Galaxy Crypto Index (BGCI) in one location.

“Through its secure, scalable, and customizable distributed ledger platform, AlphaPoint enables customers like DCEX to launch and operate markets. Its proprietary distributed ledger technology provides a highly-secured venue and is the technology backbone for DCEX’s exchange to have a processing capacity of nearly one million transactions per second,” DCEX said.

The platform currently supports 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). It also plans to add Neo (NEO), Cardano (ADA), and more pairs in the coming months.

DCEX said that users will benefit from arbitrage opportunities among currency pairs on different exchanges, faster execution times with lower latency, margin trading, lower transaction fees and much more.

“As of today, users can begin registering on the DCEX website, as the exchange looks to open its doors for trading in the coming weeks,” AlphaPoint CEO Salil Donde said.