- XRP Ledger’s new Permissioned DEX boosts institutional trading opportunities.
- Permissioned DEX enables regulated entities to trade securely on XRP.
- XRP sees growing institutional demand, driving more adoption globally.
XRP Ledger is set to launch a groundbreaking update in just 24 hours, introducing the Permissioned DEX amendment. This major upgrade will create controlled trading environments within the decentralized exchange (DEX) on the XRP Ledger. With the countdown ticking, experts are closely watching as this new feature promises to transform how regulated financial institutions engage with the XRP ecosystem.
Introducing the Permissioned DEX: A New Era for Regulated Trading
The Permissioned DEX, also known as XLS 81, will function similarly to the open DEX, but with a crucial difference: it enables permissioning. Only approved participants will be able to place and accept offers, creating a more controlled environment. This added feature is a game-changer for regulated entities, as it allows them to trade on the XRP Ledger while adhering to compliance standards.
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This change builds on the earlier XLS-80 amendment, which introduced Permissioned Domains necessary to manage access control within the DEX. With the integration of permissioning directly into the DEX protocol, the XRP Ledger is positioning itself as a hub for institutional trading, where regulatory needs are balanced with the benefits of a decentralized framework.
Growing Institutional Demand: XRP’s Increasing Appeal
The timing of this update couldn’t be better, as institutional interest in XRP continues to grow. According to Rayhaneh Sharif Askary, head of product and research at Grayscale, financial advisors across the country are hearing increasing demand from clients regarding XRP. Grayscale’s tweet shared this insight, noting that XRP is often the second most discussed asset, just behind Bitcoin.
This demand is reflected in XRP-focused products, which have seen nearly $4.5 million in inflows in the last 24 hours. Despite recent market fluctuations, XRP’s appeal remains strong, particularly among those seeking compliance-friendly crypto trading options.
The upcoming activation of the Permissioned DEX marks a pivotal moment for XRP, as it enhances the appeal of the XRP Ledger to institutional traders. As the countdown continues, industry leaders are eager to see how this new feature will shape the future of regulated crypto trading.
