It’s good news for the XRP enthusiasts and crypto investors at large as the world’s 4th largest cryptocurrency bags yet another listing on a crypto exchange. As everyone should already know by now, XRP has been quite a sensation within the crypto space of late. As a matter of fact, XRP has seen some good growth this month. The token has already scored a cool 10% monthly gain. The latest XRP listing is happening on COBINHOOD, a rather well-known crypto service platform that’s been known to charge zero transaction fees. That means that anyone who tops up their COBINHOOD account with cryptos gets to transact without incurring a cent in transaction fees. That’s where XRP is headed right now. COBINHOOD has already confirmed its decision to list and have XRP ready for trading on its crypto platform starting this Friday October 19, 2018. That should make some history.After the listing, crypto traders and investors will be able to deposit, trade, or withdraw XRP on COBINHOOD. Trades associated with XRP will include XRP/USDT and XRP/BTC. Another crypto, called XEM, will also be listed on the platform, and its trades will run for XEM/USDT and XEM/BTC. Besides the XRP listing, COBINHOOD will also be launching a margin trading service that will allow crypto traders to expand their current trading limit and also facilitate short selling. Margin trading works by providing funds to traders who then trade with it and pay back some interest on the amounts extended. Currently, the platform allows trades for ETH/USDT, COB/ETH, BTC/USDT, and ETH/BTC.
About Ripple's (XRP): Built for enterprise use, XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. XRP consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa. XRP's five-year track record of stable technology and governance makes it ready for institutional and enterprise use.
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