Gibraltar Blockchain Exchange Adds XRP to your Crypto Exchange


The Gibraltar Blockchain Exchange (GBX), an exchange of cryptocurrencies and the market for initial coin offerings, announced this Wednesday that it has added a new cryptocurrency to its Digital Resources Exchange (GBX-DAX), Ripple (XRP).

Ripple is a real-time gross settlement system, currency exchange and remittance network. He uses his network, RippleNet, to facilitate money transfers globally. XRP is the digital asset used within the Ripple ecosystem.

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At the time of publication, XRP recovers $ 0.37 from the US dollar, up 1.98%, according to CoinMarketCap. XRP is one of the most popular cryptocurrencies in the industry. At present, it has a market capitalization of $ 15.13 billion, with over 40.79 billion outstanding XRP.

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Nick Cowan, CEO and founder of GSX, GBX
Nick Cowan
Source: LinkedIn

"Ripple is a major player in the blockchain industry, similar to our work at the GSX Group, aiming to reformulate old methods of finance and banking, transforming payments through blockchain technology." XRP is a token traded globally and joining the GBX-DAX further extends its liquidity and reach, "said Nick Cowan, Managing Director and founder of GSX (Gibraltar Stock Exchange) Group Limited.

GBX receives a license from Gibraltar Financial Services Commission

The addition of XRP follows a series of changes on the GBX, which was launched by the Gibraltar Stock Exchange a February of 2018 with an ICO, through which it raised $ 27 million.

Such as Finance magnates reported in November of last year, the exchange a full license has been granted by the Gibraltar Financial Services Commission. According to the statement issued at the time, by securing the license, the Gibraltar Stock Exchange is the first national stock exchange to have a regulated cryptocurrency exchange.

"… later we introduced insurance coverage for the activities listed on GBX-DAX.While we move towards 2019, we plan to take advantage of this momentum with the new digital resources listed on GBX-DAX, with Ripple as the first of these new tokens, "added Cowan.

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