The Gibraltar Blockchain Exchange (GBX) has admitted Ripple (XRP) to its Digital Asset Exchange (GBX-DAX). XRP is now listed and available to trade.
One of the best-known and established blockchain companies, Ripple, and it’s digital asset XRP, trades in significantly high volumes across the world. Ripple was created to connect digital asset exchanges, payment providers and banks via RippleNet for frictionless money transfers globally. RippleNet utilises advanced blockchain technology, boasting scalability and interoperability between networks.
XRP, the digital asset used within the Ripple ecosystem, is a source of liquidity for their customers, which include major institutions such as Santander, Standard Chartered and American Express.
GBX-DAX Token Expansion
As part of our commitment to provide the best trading experience for our users, the GBX starts 2019 as a means to go on — with new digital asset listings on the GBX-DAX. Ripple will be the first of these new digital assets to be listed on the exchange.
The recent approval from the Gibraltar Financial Services Commission (GFSC) for the GBX to be awarded a full DLT licence, coupled with our new insurance policy, has certified our institutional-grade status. The GBX is the first fully regulated digital asset exchange to be owned by a traditional stock exchange; the Gibraltar Stock Exchange (GSX). Our good governance, transparency, and best practices have been brought over from the team’s experience within the global capital markets.
Nick Cowan, CEO of the GSX Group, commented on onboarding Ripple, stating:
“Ripple needs no introduction; it is one of the top contenders within the growing blockchain industry. Ripple aims to re-shape the old methods of finance and banking, in many ways similar to our work at the GSX Group, transforming the capital markets through blockchain technology. XRP is traded across exchanges globally, and it is only fitting that the GBX-DAX extends that liquidity and connection. We are one big community, with the goal of mainstream adoption, and listing Ripple, who share our objectives, was an easy decision to make.”
XRP Trading Pairs
Ripple (XRP) will be available in the following pairs: