Adoption is one of the major factors that drive the value of a digital currency. The adoption of XRP is currently on the rise on trading platforms, as a Taiwan-based digital currency trading platform – Bitrue, announced recently that they’ll launch their services with XRP (XRP) as a core pair for digital currencies offered on the trading platform.
While a lot of digital currency trading platforms with Ethereum (ETH) and Bitcoin (BTC) as core pairs exist, the addition of XRP – the third largest digital currency in the world by market cap – has been lacking.
The Aim of Bitrue
Bitrue is aimed at providing transparency to the ICO (Initial Coin Offerings) market by offering an “expect selection of Initial Coin Offerings.” Also, the trading platform has also secured a partnership with Wanchain – a platform that connects several digital assets.
Curis Wang’ Statement
Curis Wang – the CEO of Bitrue said that the trading platform is committed to listing only promising and legitimate digital currency. With their professional team and process for crypto selection, the platform is able to screen cryptos and create a healthy environment for trading.
In a trading pair, the base is the currency through which users can purchase other digital currencies. In this case, users will be able to purchase other digital currencies listed on the platform with their XRP reserves. Values will be calculated against the value of XRP for digital currency to digital currency trading experience.
There are more than forty digital currencies available for trading on the platform, from the top digital currencies such as Ethereum (ETH), Bitcoin (BTC), EOS, and Litecoin (LTC) to newer digital currencies such as Zilliqa (ZIL), Ox (ZRX), and Basic Attention Token (BAT).
XRP (XRP) Price Today – XRP / USD
At the time of writing, the value of XRP is $0.4550 after an increase of more than 1.3 percent over the past twenty-four hours. The market cap of XRP is $17.92 billion and its trading volume over the past twenty-four hours is $194.10 million.