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Ripa Exchange is a unique, hybrid decentralized platform that aims to streamline the entry process of new cryptocurrency exchanges and secure the overall trading process for traders and investors. The ecosystem is developed on ARK blockchain technology that has integrated the open source code of Peatio to facilitate maximum security and efficiency in the trading process.

Please Note: This is a Press Release

Prominent Features of Ripa Exchange

Some of the unique features of Ripa Exchange are:-

Open Source

The open source code of Peatio enables users to access Ripa and enjoy its services at zero cost. However, users will have to pay for some functions such as server and call center operations, network security, and other resources that are associated with the operation of the system.

Bank-Grade Securit

Ripa incorporates AES 256 encryption, an effective safety measure that eliminates any possibilities of security attacks and secures the private data of users. AES is a reliable encryption that is used by many globally reckoned fintech enterprises.

Optimized Liquidity

Ripa Exchange aims to provide high liquidity to its users in order to make the exchange process more efficient. Additionally, exchanges within the platform are integrated with dedicated Ripa Blockchain to further ensure high liquidity.

Support of Multiple Currencies and Exchanges

Peatio allows users to make multiple trading accounts within the Ripa system. This enables users to trade in multiple currencies via one platform.


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Internationalization

The Peatio blockchain supports multiple languages to promote the usability of the platform across the globe.

Interactive UX/UI

The Ripa team has designed a straightforward and innovative UX and UI. This user interface allows users to easily register and log in a matter of few clicks. Moreover, it also offers easy deposit and withdrawal of funds.

Multiple Currency Trading

Ripa Exchange allows trading in multiple cryptocurrencies including BTC, USDT, Steem, DGB, BCH, XRP, ETH, LTC, DOGE, ARK, etc.

Enterprise Exchange

The platform offers a high-performance machine engine, SMS 2-factor authentication, and scalable distributed worker threads.

Proof of Solvency

Proof of Solvency system offered by Peatio allows users to verify the solvency of Peatio-based cryptocurrency exchange.

Transaction Fees

For standard transactions, the platform charges P 0.1, however, it is subjected to change after the launch of the Ripa Blockchain. Presently, the platform has established the following fee structure for various functions:-

  • Transaction – P1
  • Vote – P 1
  • Second Signature – P 1
  • Multiple Signature – P 1 per signature along with P 1 per account signing
  • Registering a delegate – P 5

Ripa Blockchain

The experienced team of Ripa Exchange has designed its dedicated blockchain that is signified as the Ripa Blockchain, which operates on the DPOS protocol. Through this blockchain users can execute the following functions:-

  • List new cryptocurrencies on the Ripa Exchanges
  • Promote new projects
  • Obtain RipaEx gadget on the RipaEx Store
  • Pay for goods and services on authorized reseller platforms
  • Share liquidity between Ripa Exchange within the same network

Ripa Exchange Trading Console

Ripa Exchange Trading Console is an innovative trading UI developed to offer users extensive data that is accessible on any device, thereby saving time and money. While the design of the console is its highlight, it is also integrated with effective functions.

Delegated Proof of Stake Consensus System

Delegated Proof of Stake Consensus System (DPoS) which was first introduced by Bitshares is integrated within the Ripa Exchange. This consensus algorithm was developed to reduce the centralization of computer power and high energy wastage.

Ripa – A Hybrid Exchange Solution

Today, setting up and managing a cryptocurrency exchange is quite complicated and expensive as it requires high investments, resources, liquidities etc. Moreover, a majority of exchange platforms in the market deal with high rigidity, lack of security, transparency, etc., which impacts the overall trading experience.

Ripa has extended a hybrid blockchain based platform that allows easy and cost-effective entry into the cryptocurrency exchange landscape. Its decentralized approach ensures traders and investors to enjoy a secure, transparent, and flexible trading experience that enables them to reap substantial profits out of their trades.

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Posted by Oliver Dale

Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More.


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