Crypto Opinion

Ripple (XRP) To Gain Further Liquidity With Listing on Nasdaq Powered DX.Exchange

Brad Garlinghouse, in his interview with CNBC during the European tour of the Money 20/20 event, stressed the importance of Ripple’s (XRP) liquidity when banks use xRapid for international payment settlements. The same liquidity is what XRP has been attaining by getting listed on numerous exchanges and wallets. The most recent listings being ZebPay, Revolut, and SBI Virtual Currencies (VCTRADE).

Therefore, it is no suprise that XRP has received enormous support in terms of being listed in the yet to be launched, DX.Exchange. XRP managed to achieve this through a facebook poll conducted by the exchange in a manner that is true to decentralization. The Ripple facebook community voted overwhelmingly to have their favorite coin listed in the exchange.

DX.Exchange had this to say via twitter with respect to the poll and listing of XRP on its platform:

Here’s the winner of our Facebook Poll: @Ripple will be available when DX.Exchange launches and an essential part of our community. #exchangeyourway

The announcement was accompanied by a video that gives a brief history of Ripple and its achievements in terms of giving almost instant payment settlement solutions across the globe.

The DX.Exchange is being built on Nasdaq’s market leading matching technology and is currently carrying out pre-registrations on its website. When launched, the exchange will allow individuals and institutions to purchase cryptocurrencies with fiat; trade crypto on the platform; as well as converting them back to fiat. The exchange is licensed in Estonia under the Estonian Ministry of Economic Affairs and Communication. With transparency and security as key ethos by the exchange, user funds and information will be secure on the platform through the use of advanced encryption.

With respect to the market performance of XRP, the coin is currently valued at $0.674 and up 2% in 24 hours at the moment of writing this. The general feel in the crypto-markets is of stability with Bitcoin (BTC) back at the the welcome levels of $7,600. The total market capitalization of the crypto-markets has also maintained levels of above $330 Billion for the first half of this week. All fingers are crossed that this value will not subside, but rather continue to increase during the month of June.