processionXRP and XLM, global multilateral virtual asset trading platforms, list two new assets. This list is part of Matrix’s bid to provide more options to traders and investors around the world. Abu Dhabi Global Market (ADGM), the leading global jurisdiction for virtual assets, has authorized these assets to be listed on Matrix’s regulated platforms.
ADGM is an award-winning financial center and International Financial Free Zone. Controlled by registrars (RAs), financial services regulators (FSRAs) and ADGM courts, ADGM advocates for a fair and transparent trading ecosystem. ADGM’s rigorous regulatory practices ensure that all approved assets are in line with internationally recognized standards.
Matrix expands the list of supported virtual assets to include:
- XRP, the default currency Ripple NetBlockchain-based payment network,
- Lumens (XLM), base currency mainlyA decentralized protocol for exchanging cryptocurrencies into fiat currencies.
“Matrix’s goal has always been to provide retail and corporate investors a single platform with the security of regulatory oversight,” said Vasja Zupan, President of Matrix. As a result, we are excited to expand our array of tokens and stablecoins, and more is underway. We pride ourselves on providing peace of mind to our investors through a secure and extended choice of regulated trading for our community. I feel it.”
Based in Abu Dhabi, Matrix is a globally operated and regulated multilateral trading facility and custodian dedicated to providing a compliant, secure and fast virtual asset trading experience. Matrix has obtained a license from the Abu Dhabi Global Market (ADGM) for its virtual assets. Matrix provides AML/KYC compliance, regulatory oversight, and offline storage to protect the platform and users, as well as multi-node disaster tolerance, remote disaster recovery and multi-server transition to ensure the stability and reliability of the trading system. Matrix utilizes a high-performance core matching engine to process high-volume trade orders. Matrix is one of the few global trading venues that supports global fiat deposits to enable faster transactions. For more information, please visit: https://www.matrix.co/
Disclaimer: This article is provided for informational purposes only. It is not given or used as legal, tax, investment, financial or other advice.