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The exchange of popular encryption, Bittrex, has officially added the XRP / USD and ETC / USD trading pairs in force on 20 August 2018. In the announcement of Twitter that was made the same day, the exchange declared the following :
Today we add XRP and ETC to our USD (Fiat) markets in addition to the previously announced USD pairs for Bitcoin (BTC), Tether (USDT), TrueUSD (TUSD) and Ethereum (ETH).
Crypto Community Response
The XRP community seemed to be the most enthusiastic about new pairings with the USD. A Twitter user would express his excitement as follows:
Smart choice by adding
#XRP – USD pair! Many people waited patiently for this moment. La#XRPCommunity thanks you 🙂 let's do#xrpthestandard
The managing director of SBI Holdings, Yoshitaka Kitao, also tweeted the new development of Bittrex : [19659010] Major Crypto Exchange Bittrex to support Ripple (XRP) and Ethereum Classic Trading Pairs – https://t.co/orpY27Pzpp
– 北 尾 吉 孝 (@yoshitaka_kitao) 21 August 2018
Market Response [19659013] Both Ethereum Classic (ETC) and XRP did not appear to be influenced by Bittrex's announcement to add USD pairings with both digital assets. XRP is currently trading at $ 0.33 at the time of writing this and down 1.52% in the last 24 hours. As for ETC, it is valued at $ 12.80 and down 1.71% in the last 24 hours.
The general encrypted market shows some lateral movement with the stable Bitcoin (BTC) around $ 6,400 to $ 6,500. The total capitalization of the crypto market also ranges between $ 207 billion and $ 211 billion at the time of writing this
Bittrex in partnership with Ripple
The addition of the XRP / USD and ETC / USD pairs arrives a few days after ripple. the company has informed the cryptoverse about the new partnerships with the three Bittrex, Bitso and Coins.ph stock exchanges. The purpose of these partnerships is to improve the efficiency of Ripple's xRapid payment solution. These three exchanges will be used to convert the fiat into XRP, and vice versa, during cross-border payments between the three countries (United States, Mexico and the Philippines) that will be facilitated by xRapid.
XRP community appeal to Binance
The XRP community continued to be relentless in convincing Binance's management to add their preferred digital asset as a base pair on the exchange. The community has also convinced SBI Holdings' CEO, Yoshitaka Kitao, to join Binance's appeal, as can be seen in the following tweet.
Binance Using XRP as a base currency only makes sense: it says Weiss evaluations: https: / / t.co/G6u0p57mz9
– 北 尾 吉 孝 (@yoshitaka_kitao) 21 August 2018
In conclusion both XRP and ETC continue to expand as witnessed by the addition of USD pairs on Bittrex. The availability of these two digital resources on multiple exchanges will add to their liquidity in the markets.
Disclaimer: this article does not provide financial advice. Any opinion here should be taken as well as it is. Perform your research before investing in one of the many cryptocurrencies available.
Binance Using XRP as a base currency only makes sense: it says Weiss evaluations: https: / / t.co/G6u0p57mz9
– 北 尾 吉 孝 (@yoshitaka_kitao) 21 August 2018
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