The cryptocurrency market’s surge on Wednesday, November 28 saw a lot of coins ride the bullish wave after weeks of downtrend. XRP, which was one of the few cryptocurrencies holding its own during the massive bear crash, has been helped by multiple announcements and listings.
Just recently, Daniel Skowronski, the Chief Executive Officer [CEO] of DX Exchange revealed that the company would be adding “the four, five big cryptocurrencies” on the platform. Skowronski stated that XRP, Bitcoin [BTC] and Ethereum [ETH] will all be available for transactions.
He went on to say that the above-mentioned cryptocurrencies are all good blockchain projects with a plan to add some more. DX Exchange was frank enough to admit that he cannot reveal the tokens in the pipeline due to company policies.
“We feel it is our responsibility to provide good products to the community. The company acts as a gatekeeper to the token world and aim to imbibe good projects on the network.”
Skowronski admitted that although DX Exchange cannot trade, they can still decide what cryptocurrencies go on the platform. He added that the organization has to be careful about the decisions taken as they may have massive repercussions.
DX Exchange also offers connections to the exchanges through APIs with the added benefit of possessing a license to provide institutional grade custody services. Another major platform that offers custody service for cryptocurrencies is BitGo, which had received a boost after investments from Galaxy Digital’s Michael Novogratz and Goldman Sachs. Mike Belshe, the CEO and Co-Founder of BitGo had earlier said:
“This is the missing piece for infrastructure — it’s a treacherous environment today. Hedge funds need it, family offices need it, and they can’t participate in digital currency until they have a place to store it that’s regulated.”
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