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Ripple’s XRP Token Gets Listed On Two New Crypto Exchanges

XRP Trades Briefly for $8,300 on Coinbase, Sparks Debate

XRP has been making some progress in boosting the amount of exchange that lists the Ripples-owned coin. Quite recently, the currency has started to be listed on two sizable exchanges: VALR and Luno. Both these exchanges are based on emerging markets, albeit on other sides of the world. With the latest addition of Ripple’s native token, things are looking suitable for the company.

Spreading To New Nations

VALR is an exchange based in South Africa. It allows its traders to buy and sell one of the largest selections of cryptocurrency pairs within the country, using the country’s local fiat, the South African Rand, or ZAR. VALR stands as one of the heavyweights within the country’s crypto ecosystem. The exchange is even capable of offering maker rewards to traders that boost the liquidity of the exchange, with referral bonuses included as well. For custody services, the exchange has engaged in a partnership with Bittrex, ensuring the safety of their crypto.

Luno stands as an exchange of a far grander scale, at least in terms of reach. The exchange, based in Singapore, serves a range of 40 countries. The exchange itself has offices within Malaysia, London, Nigeria, South Africa, the UK, as well as Indonesia.

A Possible Boost In Prices

Luno boasts with the self-proclaimed title of being the “most international” exchange out there. The exchange offers a wide range of trading pairs and cryptocurrencies and allows traders to withdraw local currency directly into their respective bank accounts in a large number of countries.

Due to this new incorporation in both these exchanges, it makes it hard to buy Ripple XRP without an increase with a broader range of traders going into the hype of a shiny “new” crypto on their exchange. Considering the fact that it’s being listed on a variety of emerging economies, it could benefit from investors having more faith in Ripple than it does in their local fiat currencies.

Looming Bull Rushes

The trading of XRP has yet to start on either of these exchanges, however. VALR will make the trading of XRP live on the 10th of March, 2020. However, Luno has yet to announce when it will make it live, though states that the announcement will come soon.

It seems that Ripple is making a push for crypto incorporation. With the looming halving of BTC in the horizon, it’s entirely possible that Ripple will enjoy a boost on the wave of positive sentiment it will bring.

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      A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.