Ripple is Now Listed on Gibraltar’s Stock Exchange Group

The Gibraltar Blockchain Exchange (GBX), an institutional-grade, regulated digital asset exchange, has  added Ripple (XRP) to its Digital Asset Exchange (GBX-DAX). The GBX is part of is part of the Gibraltar Stock Exchange (GSX) Group.

Nick Cowan, Managing Director and Founder of GSX, said, “Ripple is a major player within the blockchain industry. In ways similar to our work at the GSX Group, it aims to re-shape the old methods of finance and banking, transforming payments through blockchain technology. XRP is a globally traded token and by joining the GBX-DAX it further extends its liquidity and reach.”

GBX-DAX was granted a full license by Gilbraltar Financial Services Commission November last year and has positioned itself to be friendly with crypto traders which is part of the government’s ambition in being a leader in the crypto and blockchain space. Ripple is among the first few digital assets listed on its exchange.