CEX.IO News

Launch of Ripple (XRP) Trading on CEX.IO

, December 8, 2017

Today we are happy to introduce a new coin on our platform. From now on, you will be able to deposit and trade Ripple (XRP) on CEX.IO. The available trading pairs include:

  • XRP/USD;
  • XRP/EUR;
  • XRP/BTC.

The withdrawals will be enabled later, and we will inform you about it additionally.

What is Ripple?

The native currency of an exchange network Ripple, XRP is among the most popular cryptocoins. With the market capitalization over $8.7billion, it follows only Bitcoin, Ethereum, and Bitcoin Cash. Ripple is a payment protocol used by banks and other financial institutions for money transferring. Its primary task is to reduce the time and money required for cross-border payments.

Since its emergence in 2012, XRP has changed from the exchange intermediary to an independent altcoin. Now, it combines the best features that may be necessary for cryptocurrencies, including:

  • solid list of investors and interest of respected companies;
  • high level of transactional security;
  • fast financial operations taking around 2 minutes;
  • opportunities for institutional use while more banks all over the world are testing and implementing Ripple technology.

Market Expectations

Considering the developments and the current popularity of XRP, the Ripple CTO, Stefan Thomas, emphasizes that the value of the currency lies in its use cases. Industry experts find the growth of the currency reasonable due to Ripple’s initial essence, partnership with financial institutions and role in shaping the financial market, in particular, through the organization of “Swell” event.

Please, do not consider it an investment recommendation and remember that cryptocurrencies are always a risky investment. So, do your best to make a considerate decision.

The launch of XRP on CEX.IO is an additional trading option for our customers. So, we hope that it will be a worthy addition to our service.

Related

CEX.IO News

CEX.IO Ecosystem Updates: April and May 2022

We released a new CEX.IO ecosystem update for major company events that took place in April and May 2022.
Learn about new CEX.IO features and our recent accomplishments!

Jun 01, 2022 | 9 min read
CEX.IO News

Where to spend your Bitcoins: Introduction

Despite the fact that Bitcoin has made significant progress towards becoming the world’s first truly global currency over the past few years, many people are hesitating whether they should start using Bitcoin on a daily basis or not. The main reason is that for the vast majority of purchases,

Apr 18, 2014 | 3 min read