Canada's Crypto Exchange NDAX Supports XRP

Canada’s Crypto Exchange NDAX Supports XRP

NDAX, Calgary-based newest crypto exchange in Canada, has expressed its support for Ripple and added Ripple (XRP) to its platform. NDAX was launched on 23rd June 2018.

It offers the citizens of Canada fiat to XRP trading. The support of NDAX for Ripple is significant since the only other cryptocurrencies supported by the exchange are Bitcoin (BTC), Bitcoin Cash (BCH) Ethereum (ETH), and Litecoin (LTC). Its main competitors, the two major Canada-based centralized exchanges, Coinsquare and QuadrigaCX, also do not currently support XRP.

The National Digital Asset Exchange (NDAX) is a Canadian-based digital asset exchange designed for both institutions as well as individuals. Built on institutional-grade infrastructure, NDAX is Canada’s most advanced cryptocurrency trading platform that offers the largest portfolio of digital currencies in the country.

The Canadian real-time exchange offers a world-class experience to buy and sell Bitcoin and other cryptocurrencies. It is based in Calgary, Alber. NDAX is Canada’s most advanced high-frequency trade engine with order book liquidity, allowing execution of high volume trading and scalping strategies.

The exchange works with a mission is to provide individuals and institutions with a world-class experience to buy, sell and store digital assets in the most simple, secure and compliant manner. It allows users to easily exchange cryptocurrencies. NDAX offers it’s traders inter-market rates that are reserved only for large institutions. Transaction fees charged is 0.30%. The deposit/withdrawal fee is also minimal.

The exchange offers a number of competitive advantages including low trading and withdrawal fees, instant ID verification, institutional level security, deep liquidity for large transactions, and a large portfolio of coins. It offers customers the ability to easily trade: Bitcoin (BTC), Ripple (XRP), Ethereum (ETH) and many other coins, in and out of Canadian Dollars.

National Digital Asset Exchange Inc. (“NDAX”) announced the soft launch of Canada’s newest and most advanced digital currency exchange through a press report. The soft launch was a planned strategy to put NDAX’s platform through a stress test and identify areas of improvement before officially going live.

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Aayushi Dhawan
Aayushi Dhawan is an avid reader, researcher, crypto writer and a passionate student. While pursuing her graduation in commerce at SRCC, she realized that writing and Finance give her immense pleasure. She is currently pursuing her post graduation in Commerce (Finance) from Department of Commerce, Delhi School of Economics and keeps on exploring the intricacies of research, her biggest strength.