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XRP Becomes Latest Digital Asset Listed on Gibraltar Blockchain Exchange

  • Alex Dovbnya
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    GSX Group’s CEO Nick Cowan claims that it was ‘an easy decision’ to list XRP given that it’s one of the major currencies

XRP Becomes Latest Digital Asset Listed on Gibraltar Blockchain Exchange
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The Gibraltar Blockchain Exchange (GBX), which aims to become a global leader in professional digital asset trading, has made an announcement about listing XRP. The third biggest cryptocurrency by market capitalization will be available for traders on the GBX-DAX digital exchange from today on.

Five trading pairs with XRP

GBX-DAX has debuted five new trading pairs that allow trading XRP against the US Dollar (USD), the Euro (EUR), the British Pound (GBP), Ethereum (ETH), and Bitcoin (BTC). Currently, 11 tokens are available on the exchange, but the number of available assets is constantly expanding. 

It’s worth mentioning that GBX-DAX is the first digital asset platform that is owned by a stock exchange, which is fully compliant with EU regulations. GBX-DAX is marketed as the most secure environment for cryptocurrency traders. The exchange, which was launched in October 2017, made plenty of headlines after being officially licensed by the GFSC in November 2018.    

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Sharing objectives    

Speaking of the recent listing, GSX Group’s CEO Nick Cowan revealed that Ripple is considered to be one of the flagship currencies in today’s crypto space, which has the potential to disrupt the traditional capital markets. He adds that Ripple definitely ‘shares their objectives’ when it comes to increasing the mainstream adoption of cryptocurrencies.

XRP’s recent listing spree

XRP has been recently getting a lot of buzz because of different exchanges embracing the token. As U.Today reported earlier, Binance ostensibly started the trend by finally making XRP its base currency. After that, numerous exchanges followed suit with Bitrue constantly adding new XRP-based trading pairs. Is Coinbase next?
 

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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