DXEC, a marketplace for institutional investors announced exclusive base currency as XRP for trading.
This means that all cryptocurrencies on the exchange will be traded against XRP, these include:
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], stablecoin TrueUSD [TUSD], with plans to add Neo [NEO] and Cardano [ADA]
All ten coins listed for the Bloomberg Galaxy Crypto Index [BGCI]. The exchange is slated to open in the coming weeks, with registrations for new users already open. DCEX will also allow for features such as arbitrage trading across exchanges due to XRP being listed as the base pair.
This is as a result of XRP’s use for faster execution times with the exchange allowing for a transaction volume of one million transactions per second.
The exchange states that its lower transaction fees with the API interactivity will allow market participants to move XRP between DCEX and other exchanges for low cost. The usage of margin trading or leveraging
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