The Canadian and popular virtual currency exchange Bitvo has decided to add Ethereum Classic (ETC) and XRP support on its platform. The company decided to make the announcement on October 18 through a press release.
Bitvo is pleased to announce that #XRP and Ethereum Classic are now available on our cryptocurrency exchange platform!#EthereumClassic #TradingNews #CryptoNews #CryptocurrencyNews #Blockchain #BlockchainNews #Coins #Bitcoin #BTC
— Bitvo (@BitvoExchange) October 18, 2018
Bitvo is one of the most important virtual currency exchanges in Canada, although small, they are growing every single day. The company decided to add these assets with the intention to increase the offering to customers in the North American country. Users will have the possibility to purchase XRP and Ethereum Classic with Canadian dollars or Bitcoin (BTC).
XRP has been growing during the last months since there was important news surrounding this virtual currency and its parent company Ripple. XRP is also being embraced by different companies in the financial world.
Pamela Draper, Bitvo’s President and CEO, said that they decided to add these virtual currencies since they received a lot of feedback from the community requesting these two virtual currency assets.
On the matter, she commented:
“The addition of XRP and Ethereum Classic is in response to feedback we are receiving from our customers. We’re excited to add these to our offering. As we continue to listen to what our customers want, we will add additional cryptocurrencies as well as optimize the user experience on our platform.”
Ethereum Classic is also a popular network for developers and that has been embraced by different companies in the space.
According to CoinMarketCap, XRP is the third largest virtual currency in the market, while Ethereum Classic is currently the 16th most valuable blockchain network. ETC is being traded close to $10 dollars and has a market capitalization of $1.05 billion dollars. At the same time, XRP has a market capitalization of $18.16 billion dollars and each coin can be bought for $0.45 dollars.
In the future, the exchange can include and support new virtual currencies on its platform. Exchanges are starting to offer more and more cryptocurrencies to their users as time passes.