Last updated on May 18th, 2024 at 12:25 pm
Newly rebranded decentralized exchange MetalX.com has added XRP to its list of tokens. The advanced decentralized trading engine powered by the XRP network made this known via an announcement on its official X (FKA Twitter) account.
Per the update, users can now experience seamless decentralized trading with the trending asset. MetalX.com embracing XRP amid the ongoing price drop underscores the level of confidence in the project. Also, it opens a new trading path for its new and existing users.
XRP is now LIVE on Metal X Exchange
Experience seamless decentralized trading with one of the most popular digital assets.
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Start Trading 👇https://t.co/cXhG2x8Ikt pic.twitter.com/N3Fdo254ak
— Metal X (@MetalXApp) September 11, 2023
The evolved MetalX.com
MetalX.com is a rebranded version of the Proton decentralized exchange. With the rebrand, MetalX.com goes beyond functioning as a DEX, it aims to transform into a complete financial ecosystem.
The new platform is not just an exchange, it offers a digital marketplace for cryptocurrency and finance. In addition, it offers a list of impressive features including zero gas fees, instant transactions, and robust on-chain identity verification to make the trading experience easy.
Furthermore, MetalX.com provides a user-friendly interface, powerful SDKs for developers as well as and a liquidity incentive program rewarding its community for participation.
With a completely decentralized order book, OTC trades powered by smart contracts, and streaming payments to settle transactions over time, users can engage in decentralized trading thanks to XRP’s listing on MetalX.com.
XRP price reaction
Following the Ripple victory over the Securities and Exchange Commission in July, the price of XRP reacted positively as investors and the crypto community at large expressed their joy and confidence in the token.
Major exchanges like Binance, Bitgo, and Coinbase relisted the token on their platforms and the price of XRP rose to $0.80. However, XRP has gradually lost the gains it accumulated from the said victory as the hype around the token faded.
Source: Coinstats
According to live data from Coinstats, XRP is currently trading at $0.48 signifying a 50% drop in price since July. What’s more, XRP is down 1.68% in the last 24 hours with a live market cap of $26 billion. Ultimately, XRP is ranked #6 on the global crypto market chart with a 24-hour trading volume of $1,224,231,910 ($1.2 billion).
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.