The participation of exchanges in crypto development
Based on news coming from XRP on Friday, XRP will be added on a decentralised crypto exchange that goes by the name CryptoBridge. The platform will now offer the possibility to trade within two pairs of cryptocurrencies XRP/BTC and XRP/ETH.
The decentralised exchange had a surprise to show what was in store for its users. CryptoBridge later twitted that it had finally been able to add Ripples XRP to its platform.
CryptoBridge is a decentralised cryptocurrency exchange built on top of the Bitshares Platform is still not well known amongst cryptocurrency traders as of yet.
However, this platform is focused on allowing users to go buy and sell any popular cryptocurrencies and or tokens.
The fact that users can benefit from using a decentralized platform while giving the user full control of their private keys is an excellent feature.
One of the biggest advantages of a decentralized cryptocurrency exchange is that the users get complete control over their funds. As the Exchange has no access to these funds and it is even stronger with a multi-signature wallet implementation.
This will mean that even if the exchange itself goes out of business, users will still be able to make trades, deposits and withdrawals.
CryptoBridge is now looking forward to a great start for the exchange in the coming months of 2019.
What do you think of a decentralized exchange like CryptoBridge? Feel free to leave a comment down below.