The B2BX exchange has announced that they will be adding XRP for trading. They have offered 3 different trading pairs for the coin. The user can deposit and withdraw through XRP wallets, as well as the exchanges’ wallets.
B2BX is a cryptocurrency liquidity aggregator, with use-cases for marginal trading, physical delivery and distribution of liquidity for brokerage companies. The exchange is similar to the FX aggregator class of systems used in the foreign exchange market.
They aim to create the first Business-to-Business exchange platform with a marketplace. The marketplace will connect ‘at least 5% of the Forex/DMA and stockbroker markets’. The exchange itself focuses exclusively on stock and crypto-exchanges, hedge funds, crypto brokers, and exchangers.
Currently, the platform offers trading for Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC], Bitcoin Cash [BCH], Dash [DASH], and Monero [XMR].
The exchange’s tweet stated:
“We are happy to announce that we have launched @Ripple on B2BX Exchange as well as XRP/BTC, XRP/USDT, XRP/B2BX for CASH trading. In addition to your current wallets, you can now access your deposit and withdraw through XRP wallets.”
The pairs offered for trading are XRP/Bitcoin [BTC], XRP/USD Tether [USDT] and XRP/B2BX [B2B]. The exchange also offers trading with the physical supply of an asset, with an output of coins to the address of the investors’ choosing.
The price of the coin continues to exhibit sideways movement after the hike on 2nd July. On the day, it went up to $0.51 from $0.45. Later, it dropped back below the $0.50 mark and moved sideways for the rest of the week.
Twitterati Norman Smith said:
“Well done #xrpthestandard”
User Crypto Joe said:
“If I understand correctly, this is not a base pairing but merely traded against these forementioned assets? Would love to see XRP base pairings as it makes much more sense due to tx speed and low fees.”
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