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FX Choice, a regulated forex broker in Belize, has just added XRP to its trading platform.
"We are pleased to announce that customers can now deposit and withdraw XRP (Ripple currency).
For those unaware, XRP (Ripple) is currently one of the top five cryptocurrencies in terms of market capitalization. Ripple is the name both for a digital currency (XRP) and for an open payment network within which this currency is transferred. It is a distributed and open source payment system.
To deposit XRP, you will need to open an account called XRP with us. "
FX Choice offers traders a place to buy and sell foreign currencies, a market currently valued at over $ 5 trillion.
By adopting cryptography, the company is following a trend of traditional forex brokers who jump on the encrypted bandwagon by providing access to customers in the digital goods market all over the world. FOREX.com, the second largest forex broker in the world, also offers XRP and Bitcoin trading. Even SimpleFX and NordFX entered the encrypted market.
The move offers companies a new way to expand their audience and present more traditional investors with a way to enter the cryptic scene on a family platform.
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Disclaimer: the opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin or cryptocurrency. Your transfers and exchanges are at your risk. Any losses you could sustain are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.
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