XRP Added to Crypto Exchange ‘Gibraltar Blockchain Exchange’ (GBX-DAX)

Siamak Masnavi
  • 9 Jan 2019

On Wednesday (January 9th), digital asset exchange ‘Gibraltar Blockchain Exchange’ (GBX-DAX), which is part of the Gibraltar Stock Exchange (GSX) Group and was launched in February 2018, announced that it had listed XRP.

GBX-DAX ("GBX" for short) says that the "recent approval from the Gibraltar Financial Services Commission (GFSC) for the GBX to be awarded a full DLT licence, coupled with our new insurance policy" has certified its "institutional-grade status," and that the "GBX is the first fully regulated digital asset exchange to be owned by a traditional stock exchange; the Gibraltar Stock Exchange (GSX)." It further adds that "good governance, transparency, and best practices have been brought over from the team’s experience within the global capital markets."

Here is how the news was announced on Twitter:

The following XRP trading pairs are currently available: XRP/USD; XRP/EUR; XRP/GBP; XRP/ETH; and XRP/BTC.

Here is what the interface of the GBX digital asset exchange looks like:

GBX-DAX Interface.png

This is what Nick Cowan, the founder and CEO of the GSX Group, had to say about the addition of support for XRP to the GBX-DAX:

“Ripple needs no introduction; it is one of the top contenders within the growing blockchain industry. Ripple aims to re-shape the old methods of finance and banking, in many ways similar to our work at the GSX Group, transforming the capital markets through blockchain technology. XRP is traded across exchanges globally, and it is only fitting that the GBX-DAX extends that liquidity and connection. We are one big community, with the goal of mainstream adoption, and listing Ripple, who share our objectives, was an easy decision to make.”

According to data from CryptoCompare, at press time, XRP is trading at $0.3713, down 0.32% in the past 24-hour period.

All Images Courtesy of the Gibraltar Blockchain Exchange