Cryptocurrency is still very much in its infancy and requires new on-ramps and off-ramps if it is to expand to new users and investors.
OVEX customers can now choose from four more cryptocurrencies when deciding which coin to invest in.
The leading cryptocurrency platform has added these new coins to its request-for-quote page, and believes these options will be a hit with investors.
What is OVEX RfQ?
The OVEX RfQ system is a vehicle through which you can buy and sell cryptocurrencies easily with zero fees.
The tool automatically produces quotes for buy and sell orders on cryptocurrencies listed on OVEX’s exchange, and you can then execute your order by accepting the produced quote.
OVEX RfQ boasts the tightest spreads and this is testament to OVEX’s deep liquidity.
Welcome to the future of digital asset trading.
The four cryptocurrencies now available on OVEX are:
Ripple is one of the world’s most popular cryptocurrencies and differentiates itself from Bitcoin by offering improved transaction times and reduced costs.
This is largely down to its unique distributed consensus mechanism, which provides nearly immediate transaction confirmations – as opposed to Bitcoin’s blockchain technology, for which confirmations take more time.
Ripple is therefore particularly viable as a transactional cryptocurrency.
Dogecoin is no longer a meme – it is one of the most popular and powerful cryptocurrencies in the world.
It has famous supporters such as Elon Musk and Mark Cuban, and recent media coverage has seen its value rise significantly.
Dogecoin is very similar to Bitcoin in how it works, as it uses distributed ledger technology.
Cardano has been built built through peer-reviewed research and therefore prides itself on offering unrivalled security.
One of its major selling points is that it is also an environmentally-responsible alternative to the energy-consuming giants that are Bitcoin and Ethereum – using a proof-of-stake mechanism.
The proof-of-stake mechanism works similarly to how certain companies give their employees equity to provide them with an incentive to do what is in the best interest of the company.
Solana is on an absolute tear – it has increased its value by over 7,000% since the beginning of 2021.
It is a programable blockchain coin that is seen as a viable alternative to Ethereum, because the latter is struggling under the weight of high fees and a congested network.
It is not surprising then that Solana is an extremely popular investment option given its impressive financial performance.
Besides its request-for-quote feature, OVEX also offers crypto interest accounts – which offer up to 20% per annum – as well as an instant cryptocurrency arbitrage service.