Exchanges Round-Up: Dcex Uses XRP as Base Currency, Blocktrade Enters Beta

In recent news regarding bitcoin exchanges, Dcex has launched a peer-to-peer cryptocurrency exchange that will use XRP as its base currency, ESMA regulated exchange, Blocktrade, has opened for beta testing, and Coinfield has announced a partnership with fee-free trading app Moongo.

Also Read:Banks Don’t Really Want to Use ‘Blockchain’ for FX Settlement After All

Dcex to Launch P2P Exchange Using XRP as Base Currency

Dcex, “a cryptocurrency marketplace for retail and institutional investors” powered by Alphapoint, has announced that registration is open for its digital currency exchange.

The P2P marketplace will use XRP as its exclusive base currency, and will allow clients to trade BCH, BTC, LTC, ETH, BTG, ETC, OMG, EOS, DASH, TRX, XMR, VEN, IOTA, ZEC, TUSD, NEO, and ADA.

The company states that it chose XRP as its base currency in order to facilitate “very rapid transaction volume” between traders, claiming that its network is “designed to facilitate up to one million transactions per second.”

ESMA Regulated Bitcoin Exchange Enters Beta Testing

Blocktrade.com, a cryptocurrency exchange claiming to be the first regulated by the European Securities and Markets Authority (ESMA), has opened for beta testing. The exchange is currently open for registration and anticipates a full launch in September.

Blocktrade will support BCH, BTC, ETH, LTC, and XRP pairings, with Forbes reporting that “Crypto Traded Indices, Security Tokens, and Tokenised Assets will be gradually added later in 2018.”

Luka Gubo, the chief executive officer of Blocktrade, has predicted that the company’s regulated status may open the door for further development of permissive legislation governing the cryptocurrency sector, stating: “This is an ideal way for regulators across Europe to recognize cryptocurrencies as a new asset class and put in a regulatory framework.”

Coinfield Exchange Announces Partnership with Fee-Free Trading App Moongo

Canadian cryptocurrency exchange Coinfield has announced that it will target the global trading market through a partnership with commission-free trading app, Moongo.

Moongo allows users to convert cryptocurrencies to EUR or USD, which can then be withdrawn onto the company’s cards. The company’s plan to make their services “available to every country in the world except the US and the nations on the US/UN sanction list.” The app currently supports “Bitcoin, Ethereum, Ripple, Dash, Litecoin, Bitcoin Cash, Bitcoin Gold,” and “Select ERC20 coins & non-ERC20 [tokens].”

The chief executive of Coinfield, Babak Bob Ras, stated: “Our vision is to bring the cryptocurrency to people’s lives in the most convenient and simple way, and make it available to well-qualified traders in most countries worldwide.”

Do you think the bitcoin markets are in need of more regulated exchanges? Join the discussion in the comments section below!

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