From now on, XRP holders can enjoy new features provided for them by the Xumm app. The hugely popular wallet brings browser-based decentralized trading capabilities. The move aims to bring trading to a better and safer level.
Xumm with new capabilities
The team behind Xumm has just announced the introduction of an online DEX. According to the information posted on Twitter, the exchange is already fully functional, but only available to Xumm Pro users in the early access phase. The plan, however, is for the DEX to sail into wider waters in May.
XRPL has one of the world’s oldest decentralized exchanges, but its native DEX has so far not had a web-based version, which is a limitation for users who want to access it via their web browsers.
One solution to this problem is unhosted.exchange. According to an official announcement published on the Xumm blog, unhosted.exchange is a mirror image of the age-old XRPL native DEX with a clean interface and full functionality available to users on all major browsers. The product was developed by the XRP Labs team behind Xumm and is their first trading platform available online.
Fast forward from the developers of Xumm and XRPL
As a decentralized exchange, the platform allows users to trade and transact with any asset without the need for a central authority. The Xumm team noted that all processes for users are free of charge, and provided them with 24-hour, seven-day-a-week support, while being able to trade on customised pairs.
DEX came just three days after the announcement. The initial news sparked speculation about the team’s plans – it was unclear whether the main intention here was to improve the functionality of DEX’s native XRPL, or to introduce an entirely new decentralized exchange. One thing was clear, however – Xumm is consistently continuing to develop trading on XRPL.
The next stage of Xumm’s development
With the latest development, Xumm continues its efforts to improve trading on the XRP Ledger. Last month, the team announced the integration of Stably as an xApp in the portfolio. The move opened the door to on/off-ramp functionality for US users.
This allows US users to seamlessly purchase Stably-USD with dollars, which are then deposited into their XRPL accounts. These funds can be used to purchase other assets on XRPL.