AlphaPoint Launches Cryptocurrency Exchange On The Basis Of XRP

The American fintech company AlphaPoint on Monday reported that it is launching a new decentralized exchange.

DCEX has officially opened registration for its platform, although customers will not be able to start trading for a few more weeks. In particular, the exchange uses XRP as its” basic currency”, which means that many of its trading pairs are nominated in the third largest cryptocurrency by market capitalization, AlphaPoint CEO Salil Donde mentioned.

Traders will be able to trade XRP pairs with fourteen coins — Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum Cassis( ETC), OmiseGo (OMG), EOS (EOS), DASH (DASH), Tron (TRX), Monero (XMR), VeChain (VEN), IOTA (IOTA), ZCash (ZEC) and TrueUSD (TUSD). DCEX also intends to add Neo (NEO) and Cardano (ADA) tokens.

Thanks to its secure, scalable, and customizable distributed platform, alpha point allows clients such as DCEX, run and operate the markets. Its patented distributed accounting technology provides protection and is the technological basis of DCEX, which has a throughput of about a million transactions per second.

The news came just a month and a half after AlphaPoint announced that it had successfully raised $ 15 million in the first round of venture funding. The funds were raised primarily through cryptocurrency Bank Galaxy Digital, launched by billionaire investor Michael Novogratz.