San Francisco Firm Launches Cryptocurrency Exchange with XRP as ‘Base Currency’😎

San Francisco-based marketplace DCEX will become the first cryptocurrency exchange to use XRP as its ‘base currency’, available for both retail and institutional investors.

DCEX will function as a crypto-to-crypto marketplace wherein all digital currencies will be trading against Ripple’s token XRP as the platform’s “base currency”, the exchange operator said in an announcement.

The exchange and trading platform will be powered by industry services firm AlphaPoint, DCEX added. While registrations are currently open for users, the exchange will commence trading at an undetermined time over the coming weeks.
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,” read an excerpt from the announcement, explaining the operator’s marked choice to use XRP as the exchange’s base currency.