The only multi-touch currency exchange in the UK has announced that it has added Ripple’s XRP token to its platform, so the currency will be available to its customers.
Launched in November for over-the-counter (OTC) trades, the London Block Exchange (LBX) remains the only cryptocurrency exchange to offer Ripple’s pairing to GBP. The addition of the third most valuable digital currency by market value is linked to Bitcoin, Ethereum, Bitcoin Cash and Litecoin, which are already available on the stock exchange. Investors have the option to buy, sell and exchange these available digital currencies. The founder of LBX also revealed that the exchange is planning to add additional coins in the future, according to Finextra.
Benjamin Dives, founder and CEO of the London Block Exchange, said:
When we open our doors to crypto enthusiasts in the UK, we listen and act on what the community wants, and that’s a variety of good-quality coin options to market, all backed by reliable, complete and easy service. use that they can trust.
In an attempt to educate novice investors LBX also has a College of Crypto page that details a range of information about holders, initial currencies (ICO), blockchain, currencies and portfolios. The objective is to provide traders with the information they need to make informed decisions within the market.
News about Ripple’s incorporation into LBX comes at a time when the XRP token is being introduced slowly but surely into the mainstream. Yesterday, it was reported that the Uphold bank of cryptocurrencies based in the USA. UU I had added the option to buy the Ripple token due to an increasing demand for XRP. The inclusion of the digital currency brings the total number to eight. It also supports 23 fiduciary coins.
Notably, however, while demand for the third most valuable cryptocurrency may be increasing, the recent volatility of the market has seen its value fall in the last 24 hours. According to CoinMarketCap, Ripple is currently valued at $ 0.534189, which represents a drop of 7.38 percent. In the last seven days, its value has decreased by almost 20 percent.
Last week it was reported that Ripple was “very confident” that its cross-border payment platform based on Blockchain will reach the Chinese market later this year. While it is still early, the company wants to expand its reach to the Asia Pacific region and is currently in talks with China’s industrial regulators to determine the best approach.