The National Digital Asset Exchange(NDAX) of Canada, has introduced a new service to exchange fiat money for Ripple(XRP). This new exchange platform was just launched last month and is all set to add new listings regularly for the betterment of crypto traders and investors.
According to Cryptoglobe, NDAX has many new features that lack in the traditional crypto exchanges like:
“One of the interesting things about NDAX is that clients’ fiat deposits (CAD) are held in a ‘segregated bank account at a trusted Canadian banking institution.’ Another is the offer of zero deposit fees for the remainder of 2018. Other competitive advantages cited by NDAX include: ‘low trading and withdrawal fees, instant ID verification, institutional level security, and deep liquidity for large transactions.’ For expedited settlement, it offers the following options: Interac e-Transfer, wire, bank draft, certified cheque and EFT/direct deposit”
Currently, NDAX supports five cryptocurrencies namely, Bitcoin(BTC), Ethereum(ETH), Bitcoin Cash(BCH), Litecoin(LTC) and Ripple(XRP) giving enough trading choices to the investors. Moreover, NDAX is enlisted by the Financial Transactions and Reports Analysis Center of Canada, hence the investors and traders can be sure of the security of their digital assets as the exchange is operated inside lawful limits.
This move of NDAX will not only bring cryptocurrencies into a less speculative measure but also would help Canada in the broader adoption of cryptocurrencies due to its lawful regulations and operating standards, in turn, attracting many crypto businesses to step and flourish.
For more updates, follow CoinTopper.com