Ripple Selects Bittrex, Bitso and Coins.ph as Preferred Exchanges to Use xRapid
Ripple Chooses Cryptocurrency Exchanges As Preferred Listings For XRP Tokens
Although Ripple saw a hard start in early 2018, they are still one of the largest cryptocurrencies with the choice of where to place their token. Recently, the company has put their fingers on three distinct exchanges they would prefer to partner with for their fast action payment processing services, AKA the XRP.
According to Ripple, Bittrex is at the top of the list of exchanges (to no surprise), as it’s one of the most trusted, professional marketplaces for crypto. Coming in at a close second was Bitso followed by Coins.ph. Together the three platforms make up Ripple’s ideal markets for buying, selling and trading Ripple’s coins. Reasons for the choices are many; one is that the three exchanges best meet the requirements set in place by Ripple’s ecosystem.
While it’s true that XRP tokens are available on other exchanges, Ripple is encouraging its investors to use one of the three platforms respectfully, especially those who choose to use their xRapid services in Mexico and the United States.
Other reasons for the exchange choices are the flat rate of 1:1 for Pesos when trading in Mexico and 1:1 to the Dollar when in the United States when trading on Bittrex. One reason for the flat rate is Bittrex and their quality relationship with the banks. The three chosen exchanges also hold better liquidity than other companies around the world who are attempting to trade XRP. Now that Ripple has identified the three best choice platforms for exchanging their tokens, it’s up to the investors to make the right decision.
According to Ripple, there are still more exchanges to be listed as choice platforms after more research happens. Currently, Ripple is working hard to determine the best markets to use in Southeast Asia, specifically in the regions of Taiwan and the Philippines where large trade volumes are normal comparatively speaking.
Where do you trade your XRP? Leave your answers in the comment section below.