Kraken, one of world’s largest and oldest cryptocurrency exchanges, announced it is expanding the offering of the Ripple cryptocurrency (XRP) pairs with several cryptocurrencies.
Clients of the exchange can now trade XRP against XRP/EUR (ripple-euro), XRP/USD (ripple-US dollar), XRP/JPY (ripple-Japanese yen), XRP/CAD (ripple-Canadian dollar).
The expansion of XRP trading options comes after an explosive 40x gain in XRP price and 6x gain in average daily XRP trade volume on Kraken in recent months.
With $13.2 billion, Ripple is the second-largest cryptocurrency in market capitalization, after Bitcoin. It is released by the fintech company Ripple and is the fastest and most scalable digital asset, enabling real-time global payments anywhere in the world. Recently it got listed on six new exchange platforms, including BitGo.
Founded in 2011, San Francisco-based Kraken is the largest bitcoin exchange in euro volume and liquidity. It offers margin trading in the cryptocurrencies bitcoin, ether, litecoin, monero, dash and several others in pairs with Canadian dollars, US dollars, British pounds, euro and Japanese yen.