San Francisco based digital currency exchange DCEX is live for trading. DCEX is the first digital currency marketplace to use XRP as exclusive base currency. DCEX opens the registration for their clients since July and now live with top three pairs.
— DCEX (@dcexofficial) October 23, 2018
DCEX is a next-generation blockchain based crypto-to-crypto marketplace and will offer 15 digital currencies with XRP as the base pair. It offers access to all ten coins listed in the Bloomberg Galaxy Crypto Index (BGCI) in one location. DCEX is powered by Alpha Point, a financial technology company which provides institutions enterprise-grade blockchain solutions to digitize assets and launch markets. DCEX allows seamless high-speed transfers between exchanges, by using XRP, with transactions settling in under 4 seconds. Advanced participants would be able to perform High-Frequency Crypto Trading (HFcT).
DCEX is currently registered with Financial Crimes Enforcement Network (FinCEN). It has taken initial steps to become registered, fully regulated, and compliant with the US Securities and Exchange Commission (SEC) and other regulatory agencies.
Adoption of XRP as a base currency by the exchanges is definitely a bullish news for XRP. It will provide more liquidity and volume for XRP market.