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Ripple (XRP) has just been added to the Gibraltar Blockchain Exchange (GBX), as a new cryptocurrency, to its Digital Asset Exchange, which is often abbreviated to GBX-DAX. GBX is a platform for the exchange of cryptocurrencies and the sale of tokens.
GBX-DAX is an exchange of digital resources designed to guarantee ease of use. Following the significant experience with the capital markets of its parent company Gibraltar Stock Exchange (GSX), GBX-DAX is based on good governance and good practice.
Speaking of the recent addition of XRP to the exchange, Nick Cowan, CEO and founder of GSX Group Limited, was optimistic and adding would increase the fate of the trade. The CEO also talked about Ripple's goals on creating new methods of finance and banking using blockchain. These goals are in line with GBX's goals and the partnership should help the two companies increase adoption rates and liquidity.
GBX does not look forward to offering its customers more products and tokens on the exchange before February 2019 when the company celebrates its first anniversary. Despite having raised over 27 million dollars in an ICO completed in March 2018, GBX had to wait for its full license from the Gibraltar Financial Services Commission in late November 2019. The license opened opportunities for GBX which plans to add more coins to the fray this year.
The exchange will offer several pairs to users for trading by adding additional tokens and digital resources.
Ripple (XRP) currently trades at $ 0.342642 USD at the time of writing which represents a loss of 6.58% in the last 24 hours. The currency placed in third place in terms of market capitalization has a total market capitalization of $ 14,062,173,339 USD.
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