Ripple’s native token XRP received a quick boost from the CEX.io crypto exchange as the platform has recently listed XRP for its customers in the United States.
The company released a blog post stating that the US customers can now access XRP, the third-largest cryptocurrency by market capitalization. US customers can use either fiat or cryptocurrencies to exchange XRP. The platform is supporting multiple trading pairs for XRP including XRP/USD, XRP/EUR, XRP/GBP, XRP/BTC, and XRP/USDT.
The listing might have quickly influenced the value of XRP which currently owns the market capitalization of $8,050,256,807. At the time of reporting this, the crypto has increased by 0.58 percent within the past 24Hrs and is trading at the value of $0.18 against USD.
As part of CEX.io, the exchange has received 20 money transmitter licenses in the United States. More so, CEX.io serves its crypto service across 37 different states and moving forward it intends to obtain licenses from other states to offer trading solutions across these regions. Concerning the matter, the exchange said that;
“We’re glad to be opening new trading opportunities for our US customers. CEX.IO has obtained 20 money transmitter licenses so far and can currently serve residents in 37 states. Our goal is to obtain licenses in all states and provide our US clients with the entire range of CEX.IO services.”
The announcement of XRP listing followed a slew of other updates, notably on December 17, the CEX.io exchange announced the listing of USD Coin (USDC) stable coin to enable users hedge against market volatility. Besides this, CEX.io last week announced the addition of Cardano (ADA) cryptocurrency.
Although XRP cryptocurrency captured the third-largest spot for quite long, the trading price has radically declined, especially in 2019. The exchange began 2019 with a trading value of $0.38 but failed to grow or maintain the same figure this whole year. As 2019 is coming to an end, it’s exciting to wait and watch the performance of XRP in the year 2020.
So readers, what’s your take on XRP’s trading value for 2020? Let us know
Image Source – Flickr
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