On October 23, XRP United, Ripple’s first crypto exchange went live. The native crypto token of Ripple, XRP will act as the base for the trading pairs on the exchange platform. A prominent XRP community member, @BankXRP, informed the crypto community via Twitter, the launch of the first full XRP-based cryptocurrency exchange.
In the remittance sector, the Ripple Company has been at the cusp of blockchain developments. The company has been providing the community with multiple insights on their launched and upcoming products. Users who wish to test drive the newly launched exchange can visit the website. A discord channel has also been dedicated to the new users of the platform.
The trading pairs available on the XRP United crypto exchange include ETH/XRP, BTC/XRP, BCH/XRP and XMR/XRP. The XMR/XRP trading pair is not live yet. It will be added as soon as the Monero wallet is integrated into the platform. The primary goal of the newly launched exchange is to further the use case of XRP to a level where it becomes the global standard. Initially, Ripple had three products of xVia, xCurrent and xRapid. However, the company website was re-designed and it combined all of its software solutions into one service or product, RippleNet.
With the launch of this new exchange, the members of the community now have an exchange dedicated solely to the virtual asset. Some of the reasons of using XRP as a base currency include the following: it is the fastest digital asset for transferring funds between exchanges, other exchanges are warming up to the token as a base currency, and trading volume increases as XRP attracts the big money movers, as reported on Ethereum World News.
On the launch of crypto exchange XRP United, AMBCrypto reported that a user called Kpuff paid a compliment to the Estonian creators on XRPChat. He commented saying that he wasn’t aware if this was Ripple’s exchange. He added that it looks great and professional. He said that presently he is in the U.S. So if at any point he can use this exchange, he certainly will.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]