One of major Australian Crypto Exchangers, Independent Reserve recently announced that the platform will be adding support for Ripple (XRP). According to the official information which was announced by the company, trading for XRP will be available from this Saturday, July 7th.
Independent Reserve supporting XRP will mean making exchange pairs with the fiat currencies and four other major virtual coins which are currently supported by the exchanger. The users hence will be able to buy the coin with Australian dollar, New Zealand dollar and US dollar. The platform currently supports four other cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).
The official information also stated that during the first two weeks following the new listing, all XRP trades will be discounted to a 0.1% fee. “The new offering will be available to retail investors through its exchange, as well as over the counter to institutional customers, Independent Reserve further detailed”, informs the source.
The CEO of Independent Reserve, Adrian Przelozny commented on the new partnership stating: “the addition of XRP is in line with our strategy of adding high-quality digital currencies in a thoughtful and measured way. To be listed on Independent Reserve they need to meet a range of criteria including quality, stability and volume metrics. Our clientele have been requesting XRP and we felt this timing was right to offer it to them”.
Independent Reserve is an Australian Transaction Reports and Analysis Centre (AUSTRAC) approved platform that recently became the first regulated cryptocurrency exchange in Australia.
In addition to Independent Reserve, the coin is also supported by another AUSTRAC regulated platform, CoinSpot. Currently XRP is available for trading on most major crypto exchanges, including Bithumb, Coinone, Korbit, Bitso, Bittrex, Bitfinex, Poloniex, BitStamp, Hitbtc, Kraken.