Ongoing Ruby-x roadmap that aims at constructing its decentralized main net.

The rapid growth of cryptocurrency market in the last year has drawn keen attention around the world and this has led to an outpouring of cryptocurrencies such as Bitcoin and Ethereum, also mushrooming cryptocurrency exchanges. According to Coinmarketcap, there are currently total 210 cryptocurrency exchanges around the world in August, 2018.

Although each exchange has entered the market by appealing with their newly developed function or improved security, there has been no such an exchange focusing on decentralization, the core value of blockchain technology, and other sort of tradings besides cryptocurrencies.

However, RUBY has announced the launch of its new level of cryptocurrency exchange, Ruby-x, along with the release of its beta.

Ruby-x is an exchange platform where people can trade financial products, technology and information as well as cryptocurrencies. With this feature of expansion, they offer the cheapest transaction fee for any trades on their exchange and this increases competitiveness and convenience of Ruby-x in the cryptocurrency market.

Besides, to overcome challenges in centralized cryptocurrency exchanges, cryptocurrency card withdrawal and mobile apps, Ruby-x has applied distributed ledger technology for decentralization of its platform. The technology enables each participant in cryptocurrency tradings to store and prove data created in the process of trades and allows Ruby-x to build its own main net with improved security.

Ruby-x is planning to offer a fund managing service that anyone can become a fund manager, bring in users and communicate with them, also its beta service that participants can compete with each other to get higher rates of return.

Ruby Exchange will have its offical exchange service from September 17, 2018.