European Liechtenstein cryptocurrency exchange LCX, XRP newly listed

New listing of XRP

LCX, a crypto asset (virtual currency) exchange based in the Principality of Liechtenstein in Europe, will open an XRP trading market at 10:00 am (Japan time) on the 21st.

The newly established markets will consist of three pairs: XRP/USDC (US dollar-linked stablecoin), XRP/EUR (euro), and XRP/LCX (exchange-specific token).

XRP is the native token of the open source distributed ledger network “XRPLedger”. It plays a major role in the remittance platform “ODL” provided by Ripple, and functions as a bridge currency. Fiat currency exchange markets provide a means for financial institutions to move funds across borders at low cost.

The three-year ongoing dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) resulted in a partial ruling in Ripple’s favor on July 13 of this year. As a result, the virtual currency XRP has been relisted on multiple exchanges in the United States.

Exchanges such as Coinbase, Kraken, Crypto.com, and Bitstamp have declared relisting one after another, and custody service BitGo has also resumed handling XRP. XRP is up 78.8% in the week since July 13, according to data site CoinGecko.

connection:SEC Chairman Gensler Makes First Comments on Ripple Trial Ruling

What is LCX

LCX.com is a leading fintech company founded in 2018, whose main business is to provide asset tokenization, compliant initial coin offerings (ICOs), and trading platforms. The LCX exchange has also obtained 9 regulatory registrations from the Liechtenstein Financial Market Authority under the Blockchain Act, which has been recognized for its solid operation.

connection:Bitcoin moves softly at the 30,000 dollar milestone, and Stellar with XRP rises 20% compared to the previous day

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