DX.Exchange made a huge splash recently when it announced that it was tokenizing securities and stocks of companies like Tesla, Amazon, Facebook etc., but now, it has announced that users can now trade XRP with BTC [BTC] and other cryptocurrencies like Ethereum [ETH], Litecoin [LTC].
DX.Exchange is a community-based exchange regulated by Estonia’s Financial Intelligence Unit [FIU]. Moreover, the exchange is said to be using Nasdaq’s Matching Engine technology.
As per their tweet on January 6, 2019, the exchange had made it possible to trade cryptocurrencies like XRP, Ethereum [ETH], BTC [BTC] and even Litecoin [LTC].
However, the articulation of their tweet raised a lot of questions and caused confusion whether XRP was being used as a base pair or not. The tweet also mentioned that registered members would be able to trade without any commission fees.
Furthermore, the tweet even mentions options for users to trade via Euro [EUR], Japanese Yen [JPY] and U.S. Dollar [USD]. In a separate post, on the same day, the exchange stated:
“Trade @litecoin #LTC with #BTC, #ETH & #USD on //DX.Exchange from the get go! #exchangeyourway”
The Chief Operating Officer at DX.Exchange, Amedeo Moscato clarified a user’s question and said that they will be adding Tron [TRX] to their list of trading pairs.
A user @FinesseDLT commented:
“The way this is worded insinuates XRP quote pairings like NFLX/XRP, AMZN/XRP in addition to XRP/EUR, XRP/JPY, etc.
Damn, I hope this is the case.
#xrpthestandard”
However, the exchange clarified in the subsequent comments that XRP was not a base pair on the exchange.
A Twitter user @Alex commented:
“You really should add XRP as a base pair to the stocks. The XRP community is massive and listing that will get a lot of business your way.”
The exchange became the first exchange to tokenize securities that could be purchased using cryptocurrencies, this news made a huge splash in the cryptocurrency world as many people were excited about this new development. However, the news also received a lot of critiques who questioned the legal framework of the exchange.
The exchange’s tokenized stocks will be going live today and will include cryptocurrencies like BTC [BTC], Ethereum [ETH], XRP, Cardano [ADA], OmiseGo [OMG], Enigma, ShareToken as well as Digibyte [DGB].
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Published at Tue, 08 Jan 2019 11:05:47 +0000
