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XRP Liquidity Index on Largest ODL Venue Hits New ATH

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Sat, 05/30/2020 - 08:07
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Yuri Molchan
The liquidity of Ripple’s XRP coin continues to increase and hits a new all-time high on the biggest ODL venue. The Australian ODL corridor has followed suit
XRP Liquidity Index on Largest ODL Venue Hits New ATH
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As reported by the Twitter account that tracks the progress of the indexes measuring the liquidity of XRP on various digital exchanges, several hours ago, a new ATH was reached by the trading venue that has so far been the most successful in adopting Ripple’s ODL product.

Mexican ODL corridor leads the way

The aforementioned ODL venue is the Mexico-based crypto exchange (the largest in Latin America) Bitso. After Black Thursday, March 12, when the crypto community witnessed a massive collapse of Bitcoin and altcoins, including XRP, there was a long break before XRP liquidity indexes managed to reach new ATHs.

The all-time high reached a short while ago on Bitso also took a long time to get at.

XRP 1
Image via Twitter, @LiquidityB

Related
Ripple Crypto Giant Transacts 209.5 Mln XRP in Juicy Lumps, Half of It Released From Escrow

The Australian BTC Markets ODL corridor follows suit

However, another ATH on Bitso followed almost immediately and now the value of the index there totals 36,023,811.

XRP 2
Image via Twitter, @LiquidityB

The XRP liquidity index also reached a new ATH on the Australian exchange BTC Markets six hours ago - 15,136,501.

The other platforms running on ODL - Coins.ph in the Philippines and Bitstamp in Luxembourg - are still struggling to reach new ATHs with the XRP liquidity index.

XRP 3
Image via Twitter, @LiquidityB
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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.