XRP Launches on Decentralized Exchange CryptoBridge, XRP Up 30% in One Week

Siamak Masnavi

On Friday (21 December 2018), decentralized crypto exchange CryptoBridge announced on its blog that it had launched XRP trading on its platform, with two trading pairs—XRP/BTC and XRP/ETH—currently on offer. 

This is how it announced the news on Twitter:

CryptoBridge says that its "target audience is altcoin traders who are fed up with the performance problems, thefts, manipulation, hacking incidents and government takedowns associated with centralized cryptocurrency exchanges," and that such problems are "solved by the decentralized, blockchain-based order book and the multi-signature federated gateway network."

Since users "the private keys to their coins at all times," CryptoBridge "will have no access to the client’s funds on the exchange once the multi-signature federated gateway is completely developed and deployed." Therefore, even if it goes out of business, "users will still be able to deposit, withdraw and trade their coins."

The blockchain poweing this decentralized exchange (DEX), Graphene, "can process up to one hundred thousand transactions per second and has an average confirmation time of just three seconds." 

This is CryptoBridge's roadmap for the next six months:

CryptoBridge Roadmap.png

At press time, according to data from CryptoCompare, XRP is trading at $0.3808, up 6.55% in the past 24-hour period. More interesting, as you can see in the chart below, the XRP price has gone up from 30% in one week, from $0.2931 on December 16th (13:00 UTC) to $0.3809 today (13:00 UTC):

XRP - One Week - 23 Dec 2018.png

 

Featured Image Courtesy of CryptoBridge