Taiwanese Exchange BitoEX Lists Ripple (XRP) as it Plans to Extend its Reach in Asia
The mass adoption of cryptocurrencies is always considered to be a massive step in the crypto space these days, and so far, there have been many partnerships as many FinTech companies are beginning to acknowledge the relevance of digital assets. Ripple (XRP), the 3rd largest cryptocurrency in the crypto market by market capitalization hasn’t really enjoyed the recently concluded bull run as other digital assets have, but this hasn’t reduced its upcoming developments.
A notable crypto-exchange based in Taiwan known as BitoEX announced on April 29th that it listed XRP for trades its platform. The crypto-exchange added that XRP will be paired with the Taiwan Dollar (TWD). However, the Taiwan Dollar is now the 45th fiat currency to be paired with XRP.
BitoEX revealed through its official Twitter page: “New Trading Pairs】XRP trading pairs goes live today! BitoPro officially launches Ripple (XRP) spot trading for TWD/BTC/ETH/USDT by 12 PM (UTC+8) of 29th April 2019. We invite fellow traders to come place your orders”
BitoEX is always focused on finding the answers to the potholes in the Taiwan financial industry; the exchange is doing just fine – no doubts. Right now, the exchange boasts of more than 250,000 members after it unveiled its crypto-exchange platform in 2018.
Taiwan is a strong household for crypto-market developments due to the fact that a few months ago, another crypto-exchange based in the country Bitrue listed TRX/XRP trading pair on its platform.
It is necessary to know that countries like India haven’t been really friendly with cryptocurrency but BitoEX noted that it plans to reach out to India, Malaysia, and Singapore very soon.
XRP’s Adoption Is Increasing
The mass adoption Ripple (XRP) is increasing. However, it is necessary to also know that many cryptocurrencies haven’t featured on prominent crypto-exchanges when compared to Bitcoin, Ethereum, and Litecoin, perhaps it is due to their behind arrival. As we do know BTC, ETH, and LTC are the forerunners of digital assets.
Despite the late emergence of new cryptocurrency like Ripple (XRP), this hasn’t stopped the developments of new coins; in fact, many crypto experts are beginning to see the rise – and perhaps – the catching up of these new coins. So far, the likes of Ripple, EOS, and so on are attracting great prospects in the crypto space today and due to their numerous use cases among others.
Ripple is steadily growing; it was announced recently that XRP surpassed the 1,000 market milestone in more than 318 exchanges across the globe.
In the case of Taiwan, Ripple is growing rapidly over there; many people in the crypto space have concluded that the increased acceptance of cryptocurrencies (like Ripple) over there would definitely spur Asia as a whole to compete with the crypto market in places like the U.S.
Ripple has great prospects and with its use cases and the other benefits it has, the sky is just the starting point for sure.
Live Ripple (XRP) Price:
1 XRP/USD =$0.2464 change ~ 2.46%