AlphaPoint Powers DCEX, The First-Ever XRP-Based Exchange
AlphaPoint is excited to announce the launch of DCEX, a next generation digital currency exchange for retail and institutional investors powered by AlphaPoint blockchain technology.
Within the ever-widening array of cryptocurrency exchanges, the San Francisco-based DCEX emerges as one-of-a-kind, becoming the first-ever digital currency marketplace to utilize XRP as its exclusive base currency.
The visionary team behind DCEX consists of a number of experienced financial professionals from across the securities industry who seek to revolutionize the digital asset space, while incorporating best practices from the broader financial industry.
“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 unrivalled 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.”
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. Additionally, DCEX offers access to all ten coins listed in the Bloomberg Galaxy Crypto Index (BGCI) in one location.
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.
DCEX’s other innovative features will include:
- Arbitrage among currency pairs on different exchanges: XRP as a base currency allows for seamless, high-speed transfers between exchanges to take advantage of price inefficiencies.
- Faster execution times with lower latency: As a U.S. based marketplace built for speed, the DCEX platform allows for a very rapid transaction volume with a network designed to facilitate up to one million transactions per second. Additionally, XRP blockchain transactions typically settle in under four seconds, allowing for faster multi-exchange strategies and providing a speed advantage over other money movement options.
- High frequency crypto trading: Advanced participants can easily connect to APIs to facilitate high frequency crypto trading strategies.
- Increase of overall liquidity in cryptocurrency space, using the XRP protocol: Availability of novel currency pairs allows for new conversion pathways for market participants and gives traders easy ways to access many of the top cryptocurrencies.
- Lower transaction fees: Market participants will be able to rapidly move XRP between DCEX and other marketplaces at a low network transaction cost as XRP protocol withdrawals allow for lower costs.
- Margin trading: Traders can increase returns when leveraging their investment to take advantage of trading opportunities as they arise.