Indian Exchange Launches XRP-Based Trading Pairs

  • Ripple has become a trading base on Indian cryptocurrency exchange Koinex

Cover image via U.Today

Ripple has become a trading base on Indian cryptocurrency exchange Koinex today, the company announced in a tweet.

Bitcoin and Ethereum have been the base for most crypto-to-crypto markets, meaning traders wanting to buy altcoins have to use the two currencies. One of the common headaches of trading altcoins is that traders have to trade with the price fluctuations of the base in mind.

The only Ripple-based trading CryptoComes has found is at the Rock Trading (BTC/XRP).

At Koinex, users can buy Litecoin, EOS, Golem, OmiseGO and Tron along with three other currencies with Ripple.

Koinex currently ranks 87 in terms of 24-hour trading value on Coinmarketcap.com and is open to Indian residents only.

About the author

Sylvia  is a Washington-based reporter and writer interested in blockchain, other fintech, future of money and how they interact with existing institutions. Besides English, she speaks Mandarin, Cantonese and French.

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