Remitano, a peer to peer cryptocurrency exchange announced its listing of Ripple XRP earlier this week. The P2P exchange is one of the largest in the world and allows trading amongst different participants around the world. The listing of XRP sees the digital asset become the fifth virtual currency to gain listing on Remitano after Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and very recently Bitcoin Cash (BCH).
The field of peer to peer cryptocurrency trading had heavily been dominated by the presence of LocalBitcoins at the start of the cryptocurrency revolution almost a decade ago. This brought about kind of centralization in the technology meant to be fully decentralized. This brought about the uprising of more peer to peer websites that aim to out compete LocalBitcoins in peer to peer decentralized crypto trading.
This is how Remitano was born.
Remitano exchange will enable Ripple XRP global adoption
The exchange has been in existence since 2014 and started out with the exchange of Bitcoin across 70 countries around the world. In time, Ether, Tether and BCH coins were to the exchange. Calls to add Ripple (XRP), the third largest coin in terms of market capitalization, to the exchange rose from various quarters of the Ripple community. The calls however were not successful till September 24th 2018 when Remitano exchange made the announcement.
Ripple (XRP) has long been a complicated currency for many of the enthusiasts to own but the recent listing on Remitano will make it simple and efficient to buy and sell XRP to peers. The coin has suffered in the last 48 hours on the charts as its price dropped below the $0.5 USD mark after an impressive run that saw the coin briefly dethrone Ethereum as the second largest coin in terms of market capitalization.
XRP becomes the sixth coin to gain swaps
The activation of XRP trading on Remitano peer to peer exchange was followed up by a swap pairing with Tether (USDT). The coin become the fifth crypto asset on Remitano to gain a swap listing after BTC, ETH, BCH, and Litecoin (LTC). Litecoin is yet to be activated for trading on the platform. No official communication has been offered yet on the listing.
XRP will benefit as they are introduced to a new market space on Remitano as well as ease of these investors to get XRP wallets on the platform. Since the announcement was made, a number of traders have already listed their trades on the competitive platform.
Ripple XRP price analysis
XRP is currently trading at $0.46105 USD, representing a 12.93% loss in the last 24 hours as it closes as the highest loser amongst the top 10 cryptocurrencies. The coin’s market capitalization stands at $18,382,720,031 USD.
Remitano peer to peer cryptocurrency exchange is a product of Babylon Solutions Limited – incorporated in Seychelles. It provides escrowed P2P Bitcoin marketplace where people buy and sell Bitcoin easily and safely with notable simple UI, friendly online customer support 24/7 and lowest fee compared with major players on the market.