Ripple (XRP) to start trading on Australian crypto exchange, Independent Reserve
Ripple (XRP), the third largest coin in the cryptocurrency market will soon be available for trading on Independent Reserve. The Australian digital asset exchange will start trading XRP from 7p.m on July 7th 2018. The crypto company has been on a roll these past few weeks. They’ve also recently introduced The Ripple Drop, a new web video series from inside Ripple.
The Sydney based Independent Reserve allows users to trade with cryptocurrencies using AUD, NZD and USD. According to Mondo Visione, the trading platform will give a discount of 0.1% on all XRP trades. This discount is applicable for the first two weeks of trading. Independent Reserve also offers Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) on their exchange platform.
Adrian Przelozny, the CEO of Independent Reserve, said their exchange will offer the product directly to the retail investors. Furthermore, he adds that it’ll also be offered over the counter to institutional customers.
“The addition of XRP is in line with our strategy of adding high-quality digital currencies in a thoughtful and measured way. There is a wide universe of digital currencies out there now, but to be listed on Independent Reserve they need to meet a range of criteria including quality, stability and volume metrics. Our clientele have been requesting XRP and we felt this timing was right to offer it to them.”
Ripple’s increasing popularity is evident from the amount of collaborations the company is making weekly. Moreover, an internal report from JP Morgan Chase, says that cryptocurrencies like Ripple, Bitcoin, Ethereum, Litecoin etc. are here to stay. The American multinational investment bank and financial services company states that their decentralization aspect will lure the investors. In another instance, Navin Gupta Ripple (XRP)’s managing director in South East Asia and MENA tweeted,
“Now we don’t approach banks…they approach us.”
All this positivity and the coin getting listed on a number of exchanges hint at a bright future for the cryptocurrency. Ripple (XRP) saw a slight hint of a bullish trend for the past two days and was in the green. But the market plunged today and almost all the coins are back in the red. XRP is currently trading at $0.488 and has seen a loss of 1.695% in the past 24 hours.
Image via Bitcoin Exchange Guide
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