A new decentralized cryptographic market based on Ripple (XRP), DCEX, has now opened registration for retail and institutional accounts, according to a press release published on July 30th.
The new platform based in San Francisco uses the technology developed by the blockpoint company AlphaPoint, and will initially offer 15 pairs of crypto-cryptography, all against Ripple as a base currency. These include Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), EOS (EOS), IOTA (MIOTA) and ZCash (ZEC), among others, with additional altcoins to be listed in the future.
Dicex will also do all the activities included in the Bloomberg Galaxy Crypto Index (BGCI) – which tracks the top ten "most liquid" cryptographic resources and presents itself as an "institutional benchmark" for the cryptic market – available in a The only place for investors.
According to the press release, DCEX believes that the use of XRP as a base currency will allow "high-speed transfers" that can help investors better exploit the "price inefficiencies" in their arbitrage between currencies on various exchanges.
The marketplace states in the statement that its network will facilitate "up to one million transactions per second" and will also allow participants to connect to APIs to facilitate "high-frequency" encryption strategies,
DCEX, to what reportedly registered with FINCEN, it is taking "the first steps" to become a fully compliant and regulated operator under the Securities and Exchange Commission (SEC) of the United States and other regulatory agencies, the press release notes.
As a Cointelegraph analysis has outlined this spring, decentralized exchanges (DEX) are taking hold in the cryptosphere, both for ideological reasons and for perceptions that centralized platforms are more vulnerable to theft, such as crime and corruption. breaking the industry record hack. $ 532 million in NEM from Coincheck at the start of this year.