Nasdaq Powered DX.Exchange Launched XRP Trading With Five Pairs
DX.Exchange is a brand new revolutionary powered by NASDAQ regulated European crypto exchange which just went live. What makes DX.Exchange, which has offices in Estonia and Israel, unique is that for the first time you can now trade cryptocurrencies (including XRP) and popular Nasdaq stocks (in tokenized form), such as Apple, Facebook, and Tesla, on the same platform.
The ten available cryptocurrencies are Bitcoin (BTC), Ethereum (ETH), Ripple’s XRP, Bitcoin Cash (BCH), Litecoin (LTC), OmiseGo (OMG), Dash (DASH), DX Coin (DXCASH), Enigma (ENG), and DigiByte (DGB).
For XRP, the following trading pairs are available: XRP/BTC, XRP/ETH, XRP/USD, XRP/EUR, and XRP/JPY.
Since these are tokens backed 1:1 by shares in these companies, which are bough/sold via a Cyprus-based intermediary called MPS MarketPlace Securities Ltd, it is possible to buy fraction of a stock (subject to certain minimum order limits). In case you are worried what would happen should something happen to MPS MarketPlace Securities, DX.Exchange wants you to know that the stocks owned by this intermediary are held in a segregated account, cryptoglobe reports.
It is worth reminding that DX.Exchange has a monthly membership fee rather than charging fees on each trade. For $20 per month, traders can trade a monthly trade volume worth $50,000. The $20 is reduced to $10 when paid with the native currency of the exchange: DXCash.