Bitcoin (BTC), Ethereum (ETH) and XRP will be listed at DX exchangeaccording to Daniel Skowronski, DX Exchange Chief Executive Officer. The cryptocurrency market recorded a significant decline that affected most of the virtual currencies. The XRP was one of the coins able to maintain its value compared to other digital resources.
Skowronski said the company wants to add support for the four or five largest cryptocurrencies in the market. At the time of writing, these are Bitcoin, XRP, Ethereum, Bitcoin Cash (BCH) and Stellar Lumens (XLM).
He said that Bitcoin, Ethereum and XRP all have good blockchain projects and that in the future they will add many other projects. However, he explained that he can not reveal which virtual currencies will be listed due to company policies.
By the way, he cited:
"We believe it is our responsibility to provide good products to the community." The company acts as a guardian of the world of tokens and aims to absorb good projects on the network. "
Skowronski said that the DX Exchange can not trade but can decide which virtual currencies will be listed on the platform. At the same time, they must be very careful with the information provided because they can have huge repercussions on the market.
Furthermore, the DX exchange will offer connections to exchanges using the APIs. At the same time, they can provide institutional custody services. This is similar to what other companies in the market are currently trying to do, capturing the attention of many investors from around the world. BitGo, for example, received an important boost after receiving investments from Michael Novogratz and Goldman Sachs.
According to Mike Belshe, CEO and co-founder of BitGo, he stated that this is an important piece for the infrastructure. Several companies and hedge funds are looking for these services.
"This is the missing piece for infrastructure," he said. "Today is a treacherous environment.The hedge funds need it, the family offices need it and can not participate in the digital currency until they have a place to store it that is regulated".
Several other companies are starting to work on cryptographic services for institutional investors and larger companies. The intention is to satisfy market demand and to provide good quality services to all. Regulatory agencies also closely follow the market and analyze the way the industry is moving to create a prosperous legal environment.