Ripple has introduced a permissioned DEX on the XRP Ledger aimed at facilitating compliant trading for institutions. CEO Yoshitaka Kitao praised its potential but raised concerns over the low trading volumes indicating a challenge for adoption.
Despite the DEX’s capabilities, trading activity remains minimal, and demand is uncertain as total value locked is under $60 million. Ripple aims for real-world applications like stablecoin swaps, yet institutions are cautious.
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