Jan 09 - GBX Adds 'Ripple' To Digital Asset Exchange

The Gibraltar Blockchain Exchange (GBX) says it has today added Ripple (XRP) to its Digital Asset Exchange (GBX-DAX). 

This is a state-of-the-art exchange created with the high expectations of professional crypto-traders in mind.

A spokesperson said: "Ripple was created to bridge 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."

Nick Cowan, Managing Director and Founder of Gibraltar Stock Exchange Group Limited, said, “Ripple is a major player within the blockchain industry. In ways similar to our work at the GSX Group, it aims to re-shape the old methods of finance and banking, transforming payments through blockchain technology. XRP is a globally traded token and by joining the GBX-DAX it further extends its liquidity and reach.

“In November last year, we were granted a full licence to operate by the Gibraltar Financial Services Commision (GFSC) and, following this, we introduced insurance coverage for assets listed on the GBX-DAX. As we move into 2019, we plan to build on this momentum with new digital assets listed on the GBX-DAX, with Ripple as the first of these new tokens."

 



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