CoinCola is a pioneer in trading with OTC encryption. Recently they have added Ripple or XRP to coins that can be exchanged via their OTC platform. CoinCola already allows its customers to exchange fiat currency for Bitcoin, Bitcoin Cash, Ethereum, Litecoin, USDT and Dash, so Ripple will be a welcome addition to an already robust set of options.
Over-the-counter (OTC) trading offers significant benefits to CoinCola customers and many large institutions use the same framework thanks to its efficiency and speed. Instead of dealing with a market maker, traders and investors are able to trade directly and save on trading fees.
CoinCola has been an active player in the cryptographic business and has created a platform that helps keep trading costs down. The addition of XRP to their cryptos line-up only adds to the already solid offer of trading options.
CoinCola offers security in a wild market
This year has been difficult for the reputation of Initial Coin Offerings (ICOs). Billions of ICOs have been collected last year, but today many are known to be scammers. CoinCola offers its users the security of escrow for their operations and purchases, in order to obtain the resources they are paying.
CoinCola offers its customers the opportunity to buy and sell Bitcoin, Ethereum, Bitcoin Cash, Litecoin, USDT, Dash and Ripple. Their platform also allows the direct purchase of encrypted with their local fiat currency.
Regardless of whether a customer's goal is a transaction or a short-term investment, CoinCola's mobile-enabled platform deserves consideration.
Ripple (XRP) is gaining ground
Ripple started 2018 with a bang. As the year progressed, the XRP was upside down with ETH as the second crypt for market value. Over the last month, it has passed the ETH on a sustained basis, and today is second only to BTC in terms of market capitalization.
Unlike other encrypted ones, which were not designed with a specific market in mind, Ripple was developed to make international transactions a breeze. The company was successful in cementing agreements with major banks, including some of the largest Japanese banks.
Ripple's Chief Market Strategist, Cory Johnson, recently told Techonomy 2018 that,
"We have about a hundred paying customers, we have moved over a billion dollars in the network and we are opening new corridors, and when I joined the company about 9 months ago, they were doing a deal in 6 weeks. . "
The fact that a "corporate crypt" has attracted so many paying customers is probably an advantage for their long-term survival and CoinCola has recognized the importance that XRP could have in the future.
One of the reasons institutional investors prefer to use OTC markets is their lower pricing structure.
Since the exchange is only ensuring that both parties are on the upside, commissions for an OTC transaction tend to be much lower than an exchange purchase. CoinCola's OTC exchange certainly offers price efficiency and allows encrypted users of all sizes to take advantage of an OTC trading architecture.
CoinCola offers free deposits for its customers. For people who want to use a market maker manufacturer, CoinCola also offers trading pairs. Ripple will be the most recent currency to join the list of majors already available on CoinCola, so traders have the opportunity to access the second most valuable encryption in the world.