The second largest cryptocurrency in terms of market capitalization, Ripple (XRP) is now available for a much wider audience. The latest announcement by popular cryptocurrency exchange and trading platform, Kraken comes as an icing on the cake, following reports of XRP’s addition into six new cryptocurrency platforms.
Kraken, in its recent blog post and mailer to customers, announced the inclusion of four different XRP trading pairs on its platform. The newly introduced cryptocurrency/fiat pairs include XRP/EUR, XRP/USD, XRP/JPY and XRP/CAD. The platform, in its blog states,
“The new trading pairs mean that clients who want to buy or sell XRP in exchange for their preferred fiat currency can now do so directly.”
The inclusion of new trading pairs on Kraken follows the cryptocurrency’s record-breaking performance in the past few months. Its value has increased by 40 times, influenced by a 6-fold increase in its trading volumes. Kraken’s extended support for XRP comes weeks after the platform broke its previous records in trading volumes.
On May 5, 2017, the platform reported a record 24-hour trading volume of $178,521,474, which was a 25 percent increase from its previous record set on March 17, 2017.
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