Coinsquare – a Canada-based brokerage and digital currency trading platform – has just added XRP (XRP) to its list of tradable digital currencies, adding another arsenal to its collections in its preparation to challenge Coinbase – its main rival to the south – to become the preferred choice of trading platform for investors.
Coinsquare Lists XRP
On Monday, the trading platform announced that it had added the third largest digital currency in the world by market cap – XRP, to its list of tradable digital currencies. The rollout is currently in its beta phase. During this period, users will be allowed to fund their account with XRP and use it to trade against other digital currencies and fiat currencies. However, they cannot withdraw their XRP tokens to external wallets.
Cole Diamond’s Comment
Cole Diamond – the CEO of Coinsquare, said adding XRP to its platform was close to the top agenda of the trading platform earlier this year, though there was no word on when it would occur for several months. He also went ahead to apologize for the lack of communication and delays, adding that they appreciate everyone’s patience with them.
Though XRP is the 3rd largest digital currency in the world by market cap, some trading platforms have been reluctant to add it to their trading platforms, mostly as a result of regulatory concerns hovering around whether the digital currency is a security or not. For instance, Coinbase – one of the most popular trading platforms in the world – has hesitated in listing the coin.
XRP (XRP) Price Today – XRP / USD
At the time of writing, XRP (XRP) is changing hands at $0.4422 after an increase of about 2 percent of the past twenty-four hours. The current market cap of XRP is $17.36 billion and its trading volume over the past twenty-four hours is $316.98 million.