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onXRP Finally Lists on Global Crypto Exchange

Thu, 05/26/2022 - 16:25
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Gamza Khanzadaev
XRPL-affiliated project gets its first CEX listing
onXRP Finally Lists on Global Crypto Exchange
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At the end of May, it became known that OXP would get its first listing on the centralized exchange. The international crypto exchange, Bitmart, was chosen as the venue for the initial listing.

Despite the fact that the location confused platform users, onXRP representatives were quick to explain their choice to BitMart.

In spite of the fact that the primary placement confused users of the platform, representatives of onXRP hastened to explain their choice. According to their statement, the decision was made based on the analysis of liquidity and trading volumes on centralized exchanges.

The analysis showed that BitMart has a large real volume. Specifically, their volume was $2.6 billion in the last 24 hours, which according to onXRP, opens up a lot of liquidity for the project.

In addition, onXRP said that the token needs to be listed on a good Tier 2 exchange before listing on a Tier 1 CEX.

What is onXRP?

onXRP is an ecosystem that incorporates everything that happens on XRPL. The ecosystem's mission is to make XRPL more accessible to newcomers, as well as to provide the tools every investor needs in order to use XRPL.

onXRP consists of various modules that cover such segments as: content, play-to-earn projects, decentralized trading, etc. The main advantage of onXRP as a platform is its interoperability, which is implemented through the eponymous module.

The native onXRP token is OXP. The token itself has several utilities. It can be used to encourage developers of apps based on the platform, as a pair for trading on the internal DEX, as a payment method on the onXRP NFT marketplace, and also as a reward in P2E projects.

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About the author

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.