CoinCola has officially listed XRP as a supported asset on its Over-The-Counter marketplace. The surge in trading volume has lead to the online trading platform to adopt XRP to meet high demand as the digital asset surpasses Ethereum in market capitalization.
XRP, operated by the Ripple net, has proven to be one of the most resilient digital assets in the field as it consistently weathers bear-market conditions. While some markets plunged over 18% during the November 2018 crash, XRP took a modest hit of only 3.2%.
With a growing confidence in Ripple’s utility, market capitalization has increased to over $15bn. As Ethereum dips to around $12bn, XRP can now boast of becoming the premier altcoin and number two behind Bitcoin, according to Coinmarketcap.
How did XRP Come to Dominate the Market?
Inevitably a market with too much speculation will crash in order to correct itself. Just as the dot-com bubble wiped away many assets lacking any real utility, so too is happening in a post ICO market. For that reason CoinCola lists only the top digital assets with proven utility.
Ripple was designed as a utility protocol to tackle some of the most pertinent issues facing traditional banking institutions. It is a real-time gross settlement systems [RTGS], currency exchange and remittance network all in one and was designed to enable almost instantaneous transactions and direct transfers of assets between two parties.
XRP is the token used for representing the transfer of value across the Ripple Network. The main purpose of XRP is to be a mediator for other currencies; eg. bitcoin, fiat, gold and even airpoints. The transaction fees for such cross-currency exchanges are almost nonexistent and can be as low as $0.00001.
The protocol has since gained the trust of some of the world’s leading financial institutions. These include American Express, UBS, UniCredit and Santander that have all teamed up with Ripple to implement exchange services. Confidence in these partnerships has undoubtedly transmitted to the market and strengthened its value.
How to Get XRP
With fast and free registration, CoinCola offers one of the cheapest and easiest ways to begin trading XRP and various other leading digital assets. And the OTC transaction fee for XRP is now 50% off!
CoinCola offers a unique platform where both an Over-The-Counter marketplace and an official coin-to-coin exchange is integrated into one platform. With cutting edge trading tools and resources, beginners and experts alike have the option to advantage off price differences across markets and leverage cross currency trading. XRP now joins the list along with BTC, ETH, USDT, LTC and DASH available for trade.
The OTC transaction fees are among the lowest in the market and deposits are entirely free. With an intuitive Android and iPhone app available in English, Spanish and four other languages, users can stay on top of the market at any time and from anywhere in the world.
It’s free to access some of the best markets and utilize advanced trading tools to begin or enhance your crypto portfolio, head over to CoinCola now to see what is on offer!