The Gibraltar Blockchain Exchange (GBX), a leading cryptocurrency exchange which has obtained a DLT license from the local financial watchdog, has announced the addition of Ripple (XRP) to its Digital Asset Exchange.
The digital asset exchange derives from the capital markets experience gained through the GBX’s parent company, the EU-regulated operator Gibraltar Stock Exchange (GSX). Gibraltar Blockchain Exchange announced a soft launch in June 2018 with the participation of 300 pre-qualified retail accounts and a select number of institutional participants trading a number of available digital assets.
Nick Cowan, Managing Director and Founder of GSX (Gibraltar Stock Exchange) Group Limited, commented: “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.”
Ripple was created to bridge digital asset exchanges, payment providers, and banks via RippleNet for frictionless money transfers globally. XRP is said to become the best blockchain investment for the upcoming two years. A recent report published by InvestingHaven shows that Ripple, as an investment opportunity, presents the strongest case for being the token with the best return among other alternative blockchain projects.