Bitfinex, a Hong Kong-based cryptocurrency exchange announced it is expanding its portfolio with the cryptocurrency Ripple (XRP). For now the platform offers trading in XRP/USD and XRP/BTC.
Margin trading for the new pairs will be enabled in the coming days after the order book develops suitable liquidity.
In its statement Bitfinex says the addition of Ripple to its portfolio is prompted by a combination of shareholder interest and popular demand from its customers.
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. It is considered the most efficient settlement option for financial institutions and liquidity providers, thanks to its accessibility and fast settlement.
Recently Ripple got listed on six new exchange platforms, including BitGo, while the cryptocurrency exchange Kraken expanded its Ripple pairs offering with several fiat currencies.
Bitfinex claims to be the largest and most advanced cryptocurrency exchange with a daily volume exceeding $205 million. It offers a leverage of up to 3.3 and offers trading in the major cryptocurrencies such as Bitcoin, Ethereum, Ethereum Classic, Zcash, Monero, Litecoin, Dash, and now Ripple. The platform offers leveraged margin trading through our peer-to-peer funding market.