New FoLex Crypto Exchange to Add Ripple’s Native Token XRP Trading Pair with Grand Opening

Ripple has constantly been in news lately, mostly for finding a new partner for their xRapid service. Most of the partnerships do not affect the value of XRP, however, with FoLex that’s not the case.

Folex is an all-in-one solution for Crypto and FIAT services. Their main goal is to provide their customers with an unlimited transaction and investment portfolio. Folex holds an International Finance License (IFC) from the Georgian National Bank. The license and all financial services will be available for the company to offer. Georgia has an excellent banking infrastructure and is very open to the crypto market. The country is also a first-class location to guarantee our customers security and anonymity at the same time.

The exchange is listing Ripple’s XRP as a currency to be traded from the very beginning. Ripple has struggled hard to get XRP listed as a currency in exchanges. But they’ve succeeded, and they’re making strong progress.

Folex is not online yet, however, they are making a lot of noise in the crypto community. A few of their features are:

Normal and Pro Mode: The exchange has a simple and intuitive UI. At the same time, they have to cater to their professional traders too. So they have two modes, normal and pro to solve this problem.

ERC 20 tokens: Folex provides every user with an ERC-20 compatible wallet, so all tokens that run via ICOs can easily be transferred to the Exchange.

FoLex Banking: Each user can, in addition to their account, open a bank account that can also be used as a reference/clearing account. From the deposited credit, cryptos can be bought and sold directly.

xRapid is Ripple’s cross-border payment service that uses the XRP token to settle payments. Although hundreds of banks are using Ripple’s network, only a handful are currently using xRapid. There appears to be a handful of reasons behind XRP’s surge in volume, from the ongoing rollout of Ripple’s xRapid service to its expansion into new territories.

Notably, XRP again overtook Ethereum following the 18% surge, however Ethereum has gained their position back again.

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