In a significant development for the community, Liechtenstein-based European exchange LCX has announced the addition of XRP to its trading platform. Starting July 20, XRP enthusiasts can now engage in trading the token against three pairs: USDC, EUR and LCX's native token.
📢New Token Listing Update $XRP Token (@Ripple ) will be listed on the LCX Exchange
— LCX (@lcx) July 17, 2023
🗓️Mark your calendar: Thursday, July 20th, 2023
🕰️Time: 3:00 PM CET
For details visit: https://t.co/VHvh8aOcdM pic.twitter.com/Hp4L0jhQpy
LCX, a compliant and regulated next-generation exchange, has been making waves in the industry. The platform proudly boasts approvals for nine blockchain registrations, a testament to its commitment to offering a diverse array of blockchain services. Founded in 2018, LCX has rapidly established numerous partnerships, from Animoca Brands to the prestigious World Economic Forum.
Arman ShirinyanDespite the exchange's growing reputation, its trading volume has remained notably low. According to data from CoinMarketCap, the total turnover on LCX currently stands at approximately $1.3 million, with Ethereum leading the pack in trading volume.
Nevertheless, this move to include XRP is expected to bring substantial attention to the exchange and attract new traders looking to diversify their portfolios.
Europe and XRP
XRP is no stranger to the European market, as it is already available for trading on platforms like BitPanda, EXMO and Bitvavo. However, its fresh listing on LCX holds particular significance as it further solidifies the token's position in the crypto space, especially after being recognized by the courts as a nonsecurity asset.
Gamza KhanzadaevWith its availability on a rapidly developing European exchange, XRP's accessibility is broadened, enabling more individuals to participate in its burgeoning ecosystem.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin
U.Today Editorial Team