The Japanese cryptocurrency exchange bitFlyer announced on December 2 that it is adding support to XRP, the third-largest cryptocurrency in the market. At the same time, in order to celebrate this, the exchange is giving away 100,000 JPY (~$916,9) to 10 lucky users.
bitFlyer Adds Support For XRP
bitFlyer released an announcement in which they inform users they have added XRP to their trading platforms. Starting on December 2, users will be able to buy and sell XRP on the Altcoin Market on the exchange.
As per the platform, XRP is one of the most traded cryptocurrencies in Japan after Bitcoin. Users will have access to this digital asset through the web-based exchange or on the bitFlyer Wallet application for iOS and Android smartphones.
In order to celebrate the addition of a new cryptocurrency to their trading platform, the exchange is now giving away 100,000 JPY to users.
また、XRP の取扱いを記念し、本日 12 月 2 日（月）午前 8 時から「リップル（XRP）取扱開始記念！抽選で 10 名様に 100,000 円が当たる」キャンペーンを開催しております。キャンペーン期間中に 5,000 円分の XRP を売買することで参加できます。
— bitFlyer（ビットフライヤー） (@bitFlyer) December 1, 2019
So as to participate, traders will have to trade XRP for a total of 5,000 JPY (~$45.86) between December 2 and December 26. Users that meet the criteria will automatically apply to win 100,000. 10 winners will be selected and receive their price as soon as in January 2020. It is worth mentioning that this is the first time in almost two years that bitFlyer decided to add support to a new cryptocurrency.
According to data provided by CoinMarketCap, the news didn’t change XRP’s price trend. The digital currency fell by 1.39% in the last 24 hours and it reached a valuation of $9.5 billion. Each XRP can be purchased for $0.219.
XRP can be used by banks, financial institutions and individuals to almost instantly move value across borders. The main goal behind Ripple is to expand XRP’s use cases so it would improve the current liquidity for cross border financial transactions between banks and other companies.