XRP Price Goes Green As Major Cryptocurrency Exchange Colodax Lists XRP

Ripple joins Blockchain Capital VC Fund with XRP investment worth $25 million price

Ripple News Today – The price of XRP has been struggling along with the rest of the cryptocurrency market for the past few weeks. Irrespective of the positive XRP price prediction 2019 at the beginning of the year, the cryptocurrency has performed below expectations. This is also discouraging when you consider the fact that XRP was one of the best performing cryptocurrencies in 2018 and that Ripple has been making strides across the globe to promote the use cases and adoption of the XRP token. Despite the poor performance of XRP, the token has been listed in many top exchanges including Coinbase. Today, one of the largest cryptocurrency exchanges in India, Colodax, announced that it has listed XRP.

Ripple News Today – XRP News Today – XRP Latest Update – XRP Trades In Green As It Gets Listed On Indian Cryptocurrency Exchange Colodax

India has been strict when it comes to the cryptocurrency industry with the RBI trying to get the government to declare a blanket ban on cryptocurrencies. The restrictions on the industry by the RBI didn’t stop Colodax from listing XRP. This was considered a bold move since RBI is still in disagreement with the supreme court regarding the best way to regulate cryptocurrencies. Yesterday, the Indian Supreme Court questioned the stance of the Reserve Bank of India has on cryptocurrencies.

Having XRP listed on Colodax is a good idea because it is going to provide extra exposure for the token. The cryptocurrency exchange offers low trading fees compared to competitors. Also, deposits and withdrawals are instant on this platform. Transactions in INR are settled within 30 minutes. The company announced that it decided to list XRP because the XRP Ledger is more secure than most making it the perfect choice for trading.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.214
-1.13%

XRP has joined Bitcoin, Ethereum, Stellar, Tron, Ox, Bitcoin Cash, and Litecoin which were already listed on the platform. The news was posted on the official Twitter handle of platform as follows;

“You can buy/sell and trade #XRP on @colodax. Take advantage of our Broker network and get instant INR Deposits and Withdrawals! #ripple #xrp #xrparmy #xrpcommunity #cryptocurrency #IndiaWantsCrypto”

Shortly after the exchange released the news, members of the XRP army started asking questions about the future of cryptocurrencies in India. They asked why the exchange decided to list XRP amid the regulatory pressure from the Reserved Bank of India. In response to the queries, the exchange replied;

“RBI had directed all banks to stop providing any services to exchanges accounts. To ensure smooth INR withdrawals and deposits we had build a network similar to P2P [Peer-to-Peer] and we are calling it Broker to Peer i.e B2P. This helps our Indian traders to trade worry free.”

Shortly after the announcement, the price of XRP started trading in green. However, there were no significant changes in the price of XRP.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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