The remittance coin of XRP is further increasing its liquidity through listings in 3 new exchanges. These new listings hope to kick start a second half of 2018 for XRP in the best possible manner.
The first exchange to announce that it will be listing XRP on its platform is DX.Exchange. In a tweet, the fully EU regulated exchange announced that it would list the digital asset on its yet to be released platform after it conducted a facebook poll. The tweet that was made on June 4th stated that:
Here’s the winner of our Facebook Poll:
@Ripple’s XRP will be available when DX.Exchange launches and an essential part of our community. #exchangeyourway
DX.Exchange will be launched later on this month on July 25th. The exchange is currently allowing for the pre-registration of new users through its website.
The second exchange that announced it will be supporting XRP, is the Australia based, The Cryptocurrency Exchange. The exact announcement via twitter stated the following.
The exchange goes on to state, via its official website page, that they are excited to launch the 5th crypto asset on its exchange: XRP. They will be launching the digital asset with an introductory brokerage fee of 0.1% specifically for XRP. This offer will only last for 2 weeks therefore users are advised to put in their trades as early as July 7th after routing maintenance is complete on the platform.
The third crypto exchange to announce that it will list XRP, is the India based Unodax exchange. In the twitter announcement, the exchange stated that:
Unodax is introducing 17 crypto-to-crypto trading pairs today with three base coins. Base coins are BTC – ETH – XRP.
This move by UnoDax can be understood for the Reserve Bank of India has placed a ban on only crypto-to-fiat transactions that are mediated by banks. This means that there is no fiat-to-crypto conversion (and vice versa) in the country. However, crypto-to-crypto trading is still allowed.
Unodax makes this statement clear via its medium page when it states that the exchange is ready for trading through the base pairs of BTC, ETH and XRP. This is how it will continue with normal operations after the fiat-to-crypto ban in the country.
In conclusion, XRP continues to expand across the globe through the listings on the 3 aforementioned exchanges and not forgetting the equally exciting listing on SBI Virtual Currencies. More listings means more visibility for XRP in the crypto markets, hence driving up demand and consequently the value of the digital asset.