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Ripple (XRP)-based decentralized exchange DCEX launches in San Francisco

DCEX, a new Ripple (XRP)-based decentralized crypto exchange, has opened registration for retail and institutional accounts, according to a press release published July 30.

The new San Francisco-based platform runs on technology developed by blockchain firm AlphaPoint, and will initially offer 15 crypto-crypto trading pairs, all against Ripple as a base currency. These include Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), EOS (EOS), IOTA (MIOTA), and ZCash (ZEC), among others, with further altcoins to be listed in the future.

DCEX will also make all of the assets included in the Bloomberg Galaxy Crypto Index (BGCI) — which tracks the top ten “most liquid” crypto assets and presents itself as an “institutional benchmark” for the crypto market — available in one location for investors.

DCEX claims in the release that its network will facilitate “up to one million transactions per second,” and will also enable participants to connect to APIs to facilitate “high frequency” crypto trading strategies, as well as to margin trade.

The new exchange, reportedly registered with FINCEN, is taking initial steps towards becoming a fully compliant and regulated operator under the USA Securities and Exchange Commission (SEC) and other regulatory agencies.