Two new assets have been added to Matrix, a global multilateral virtual asset trading platform: XRP and XLM.
Providing More Options
The listings are part of Matrix’s effort to provide traders and investors throughout the world with more options. The foremost global jurisdiction for virtual assets, Abu Dhabi Global Market (ADGM), has accepted these assets for listing on Matrix’s regulated platform.
Moreover, ADGM is an international financial free zone and an award-winning financial center. It supports a fair and transparent trading environment. The Registration Authority (RA), the Financial Services Regulatory Authority (FSRA), and the ADGM Courts are in charge of it. Additionally, the stringent regulatory procedures ensure that all assets approved meet internationally recognized criteria.
Matrix has added XRP, the native currency of RippleNet, a blockchain-based payments network, to its list of supported virtual assets. Lumen (XLM), the native currency of Stellar, a decentralized protocol for converting cryptocurrencies to cash, also includes.
Actuslly, Matrix’s mission always provides retail and corporate investors with a single platform that is backed by regulatory monitoring. This is according to Matrix President Vasja Zupan. As the first Multilateral Trading Facility in ADGM to increase their virtual asset offering, they are ecstatic to broaden their range of tokens and stablecoins. Even more additions are in the works.
Furthermore, they take pride in providing investors with peace of mind by providing safe and regulated trading options for their community.
Diving Deeper into Matrix
Matrix, a globally administered and regulated Multilateral Trading Facility and Custodian, based in Abu Dhabi. It commits to offering a secure, compliant, and quick virtual asset trading experience.
The Abu Dhabi Global Market (ADGM) has granted Matrix a license to trade Virtual Assets. AML/KYC compliance, regulatory oversight, and offline storage are all provided by Matrix. This protects the platform and its users, as well as ensuring the trading system’s stability and resilience through multi-node catastrophe tolerance, remote disaster recovery, and multi-server switching.
Matrix can handle massive amounts of trading orders because to its high-performance core matching engine. Matrix is one of the only worldwide trading platforms that accepts global fiat deposits, allowing for speedier transactions.
