Ripple has announced that it has expanded its partnership with BitGo and will list XRP, now the second most valuable cryptocurrency, on several blockchain asset exchanges including: Bitso, Coinone, bitbank, and SCI’s BuyBitcoin. Ripple’s XRP now has a market cap of $13.5 billion, up from $1.5 billion in early April.
Additionally revealed by Ripple was that AlphaPoint will be adding XRP to its platform so that its exchange customers can easily list XRP, and separately, Quoine’s QRYPTO exchange expects to list XRP in Q2 2017. SBI Virtual Currencies also plans to list XRP later this year.
“Listing XRP on several new exchanges reduces the friction for our customers to send payments into these rapidly growing markets,” notes Asheesh Birla, VP of Product at Ripple. “Within hours our customers can get-up-and-running with payments into a new country.”
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BitGo co-founder and CEO Mike Belshe, commenting on the announcement, said: “Ripple’s momentum in making cross-border payments a reality with XRP is palpable. We’re excited to be working with Ripple, and we’re proud to have been selected by them to help exchanges and their users secure XRP. We expect 2017 will be a very strong year for XRP.”
Yesterday we reported that the multi-regulated international forex and CFD broker AvaTrade announced that it is adding three rising bitcoin alternatives (altcoins), Ethereum, Dash and Ripple’s XRP, to its cryptocurrency trading portfolio.
Earlier this year the multi-signature wallets technology provider BitGo was selected by Ripple to provide advanced treasury management and additional enterprise functionality for XRP.
Kraken exchange also announced the addition of new pairs for trading between XRP and four fiat currencies: EUR, USD, JPY, and CAD.
The company says that the expansion of XRP trading options comes after a sixfold gain in average daily XRP trade volumes on Kraken in recent months.