The Rock Trading Platform - Too Small to Make a Difference?

[Hodor]

https://therocktrading.com/exchange/currency

I seem to remember somebody saying that they had used this platform before - it's not a mainstream kind of trade platform, despite how it sounds - it began as a platform to trade "second life" currency, I guess, back in ... 2007? 

It seems to support the trade pairs: EUR / XRP, USD / XRP, and BTC / XRP.  The volume seems to be fairly low - for now:  Ripple: 24 hr: 103,516 (measured in XRP)
 

Quote

 

Our platform allows you to trade Bitcoin, Litecoin, Ether, Peercoin, Zcash, XRP (Ripples) and we are looking forward to increase our Virtual Currency Exchange capacity. Our trading fees starts at 0.20% and they go down to 0.02%, based on past 30 days volume. Multiple options are available for your Euro and USD deposits and withdrawals! Margin trading is available too.

Born in 2007 as a Second Life virtual company, The Rock has evolved in a full featured digital institution incorporated in Malta, with branch offices in Italy. Founded by EU citizens, run by long-standing virtual worlds experts.

 

Anyway, I noticed the section in bold - margin trading.  It must not offer the same kind of lucrative options Poloniex does, and it obviously doesn't have the volume, but thought I'd bring it up. 

[Mercury]

I have used them in the past. I believe the margin fee is 0.1% ever roll over (4 hours)?

The Rock Trading has been with Ripple for a long time and they ran a validator after being asked by CL back in 2014

[Mercury]

Here is the blog about the validator bit
 

Quote

 

https://www.therocktrading.com/en/topics/ripple-validator-and-general-update

Hello folks,

as someone may have already known by following us on socials, we are now running a full ripple validator.

This is a big step for us and a good thing in general for Ripple network: it was asked to us directly by Chris Larsen, Ripple CEO and we have now delivered.

As you know we are a Ripple gateway since may 2013. It was very difficult at that time to run a ripple gateway, but since then we have improved a lot and the Ripple network is in general more stable and has acquired a lot of new users.

It has been a long journey and it has required a lot of work for us and still do. As you know, we are currently not asking any fee for ripple withdrawals/deposits and for IOUs transfers, like most of other gateways do.

We have done this for free for almost a year and a half, so we think it's now about time to start asking for a small fee, probably in the range of 0.1% or less. Eliale will define this in a couple of weeks.

Start using and trading on Ripple, while it's free :-)

We expect to have a couple of good news reguarding Ripple in the next month, so stay tuned!

/paci

 

 

[Chan_Maddanna]

15 minutes ago, Hodor said:

https://therocktrading.com/exchange/currency

I seem to remember somebody saying that they had used this platform before - it's not a mainstream kind of trade platform, despite how it sounds - it began as a platform to trade "second life" currency, I guess, back in ... 2007? 

It seems to support the trade pairs: EUR / XRP, USD / XRP, and BTC / XRP.  The volume seems to be fairly low - for now:  Ripple: 24 hr: 103,516 (measured in XRP)
 

Anyway, I noticed the section in bold - margin trading.  It must not offer the same kind of lucrative options Poloniex does, and it obviously doesn't have the volume, but thought I'd bring it up. 

Malta companies are always special, for many reasons, and hence i have always been alluded to Rock trading. Their fees is still high when one starts, but can go down only on increased volume. I can understand that, its hard in the beginning. One key reasons to have assets in Malta has been ( historically) tax & privacy related, but not anymore.

So now its pure level playing field with other international exchanges. 

Edited April 24, 2017 by R8102V1D2D

[Hodor]

40 minutes ago, Mercury said:

Here is the blog about the validator bit

@Mercury Thank you - I did not know this historical information.  It surprises me that they don't have more volume, especially in Europe?  I'm not sure if I would use them - Gatehub currently gives me what I need for now. 

Their name sounded like something that had been around since the 1800's, but they got their start trading virtual money for Second Life just ten years ago or so, so they're relatively new.   

[Mercury]

1 hour ago, Hodor said:

@Mercury Thank you - I did not know this historical information.  It surprises me that they don't have more volume, especially in Europe?  I'm not sure if I would use them - Gatehub currently gives me what I need for now. 

Their name sounded like something that had been around since the 1800's, but they got their start trading virtual money for Second Life just ten years ago or so, so they're relatively new.   

One disclaimer- it has been a while since I used them, mostly due to the lack of volume. I no longer know if they run a validator or not.

 

[kanaas]

They also used to chase away Ripple users by putting a message on their site .... something like "We have to send out a warning when using Ripple, as we see that system still not mature and reliable enough, we are not responsible when it goes wrong"

Not the sort of message to encourage people to use Ripple  

Think they are Bitcoin die hards.

[Hodor]

9 hours ago, kanaas said:

Think they are Bitcoin die hards.

Funny how fast allegiances change in business when there's a huge profit to be made.  Maybe somebody will tap them on the shoulder and let them know how much money is pouring into the Ripple ecosystem. 

[Aapeli]

I've used The rock Trading exchange. But to be honest it can't compete with Kraken & Poloniex. Too little traffic there and also it's annoying how they show the rates opposite to other exchanges.