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Indian Exchange Koinex Lists First Ever XRP-Based Trading Pairs

XRP has continued to attract more platforms and its high demand has seen it being listed in 18 new markets in the first quarter of the year. The newest addition is Koinex, an Indian crypto exchange which today announced that it will introduce for the first time ever XRP based trading market with 8 XRP pairs.

XRP has always been a crypto-crowd favourite because of its high liquidity and ease to transact. For the first time in the crypto world, Koinex proudly presents XRP-based trading market with 8 XRP pairs going live tonight.

Koinex is the first Indian crypto exchange to offer the pairings and this may lead others to follow suit. The coins being paired with XRP are Aeternity (AE), a platform that focuses on decentralized apps; EOS, an operating system-like platform that also focuses on decentralized applications; Litecoin (LTC), the seventh largest crypto; Golem (GNT), a platform that aims to become the Airbnb for computing by putting into use any idle PC; Tron (TRX) a decentralized digital content distribution platform; OmiseGO (OMG), a platform geared towards financial inclusion; Request Network (REQ), a decentralized network for payment requests and Nucleus Vision (NCASH), a platform that is geared towards the provision of data to retailers.

The move was praised by many XRP enthusiasts on Twitter, with many terming it as long overdue. The pairing could prove to be very pivotal for XRP as it seeks to rise back to its record high which it achieved at the turn of the year. The plummeting value of the crypto industry has seen the price of XRP drop greatly and this new avenue could increase the demand for XRP which will help push the price. The announcement comes at a time when Indian crypto exchanges have experienced a huge decline in trade volume. The decline is being blamed on the government’s ambiguous stand on the crypto industry which has made many investors shy away from investing in cryptos.

 

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