It seems that XRP is gaining support from different exchanges in the crypto space. When the market is currently experiencing a period of instability and unpredictable movements, XRP is being embraced as a digital asset to hedge against this volatility in the market.
Several exchanges see the possibility to add XRP as a new base cryptocurrency for their platforms. Although not all crypto exchanges are starting to embrace XRP, we see that the tendency could be in this direction.
During the last few months, when the price of the most popular digital currency in the space, Bitcoin (BTC) fell, XRP was used by the market as a store of value. Indeed, Ethereum (ETH) lost the second position in the market. Although it was able to recover it for a short period of time a few days ago, during the last market drop, XRP regained the second spot.
Bitrue decided to add four new XRP-based trading pairs that could allow other platforms and companies to follow the same trend. The new trading pairs are HOT/XRP, NPXS/XRP, DNT/XRP, and PRO/XRP.
In this way, the exchange has 26 XRP pairs and the intention is to reach over 30 XRP pairs by the end of January. The exchange is also promoting a 50% discount in all XRP trading pairs at the platform.
The XRP community is very active in social media and they are always trying to show the positive aspects of this digital asset.
A few weeks ago, Binance, one of the largest digital currency exchanges in terms of market capitalization, launched several XRP trading pairs including TRX/XRP, and XZC/XRP. The information was first released by Changpeng Zhao, the CEO of Binance. XRP supporters and users were asking Binance to add XRP as a base trading pair.
During the last few weeks, there have been many interesting developments related to Ripple as well. For example, in a recent blog post, Ripple informed that the number of RippleNet surpassed 200 customers worldwide. Additionally, some companies are starting to work with XRP in order to reduce transaction times and costs. Some of these firms are JNFX, SendFriend, Transpaygo and Euro Exim Bank, among others.
At the time of writing this article, XRP is the second largest digital asset with a market capitalization of $13.18 billion. Each XRP can be purchased for $0.329.