Gibraltar Blockchain Exchange Adds Ripple Coin XRP to its GBX-DAX Digital Asset Exchange

2019-1-10 20:56

Ripple (XRP) has just been added to Gibraltar Blockchain Exchange (GBX), as a new cryptocurrency, to its Digital Asset Exchange which is often abbreviated as GBX-DAX. GBX is a platform for cryptocurrency exchange and token sale.

GBX-DAX is a digital asset exchange that is designed to ensure ease in use. Following relevant experience with the capital markets from its parent company Gibraltar Stock Exchange (GSX), GBX-DAX is built on great governance as well as good practices.

Speaking on the recent addition of XRP to the exchange, Nick Cowan, the managing director and Founder of GSX Group Limited, was optimistic the addition will boost the exchanges fortunes. The managing director further spoke of Ripple’s goals on creating new methods of finance and banking using blockchains. These goals are in line with GBX’s goals and the partnership is expected to help the two companies increase their adoption rates and liquidity.

GBX is looking forward to offering their customers more products and tokens on the exchange before February 2019 when the company celebrates its first anniversary. Despite raising over $27 million dollars in an ICO that was completed in March 2018, GBX had to wait for its full license from the Gibraltar Financial Service Commission in late November 2019. The license has opened up opportunities for the GBX which plans on adding more coins to the fray this year.

The exchange will offer several pairs to users to trade while adding extra tokens and digital assets.

Ripple (XRP) currently trades at $0.342642 USD as at the time of writing representing a 6.58% loss in the past 24 hours. The third-placed coin in terms of market capitalization has a total market cap of $14,062,173,339 USD.

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