Join Our Mailing List
Saturday June 10, 2023
Bitcoin (BTC) $25,972.96   Ethereum (ETH) $1,757.87
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Crypto Exchanges

Coinone launches Ripple trading 3 days ahead of schedule

Published by CryptoNinjas.net
05/12/2017

Announced today from South Korea cryptocurrency exchange Coinone was the launch of Ripple (XRP) trading 3 days early. The launch of XRP was originally scheduled for this upcoming Monday, May 15th. The early listing was likely in response to competitor exchange Bithumb, who also announced XRP trading to be launched on that day.

In the race to be first, Coinone officially launched XRP for the first time in Korea today at 11:00 pm Korea Time on May 12, 2017. The exchange now offers an XRP/KRW trading function, which allows users to buy and sell Ripple (XRP) directly in Korean won (KRW).

The Coinone team said:

“We have made an open schedule earlier than planned by many requests from our members. In addition, in order to commemorate the opening of the Ripple Exchange, we will apply the fee free (0%) for the Ripple Transactions for the month of May.”

XRP wallets with deposit/withdrawal capacity will be announced at a later date along with margin trading.
BTC → XRP inflows significantly increased from Q4 2016 to Q1 2017. The external capital inflow rate was only 25.2% in Q4 2016 but soared to 71.1% in Q1 2017.

The percent share of XRP against BTC compared to other digital assets in the last quarter of 2016 was 45.1% and increased to 66.6% in the first quarter of this year.

According to the data, most volume increases occur in off-balance-sheet transactions of BTC/XRP. As a result, potential market risks (block size, hard fork, etc.) on bitcoin in the future could have a positive impact on the ripple market. Below is a chart from Ripple comparing the two previous quarters.

At the end of the first quarter of 2017, it can be concluded that capital flows through bitcoins have significantly increased prices and volumes. Sufficient liquidity is required for an asset to be successful. This can be interpreted as a signal that ultimately ripple is getting the payment liquidity needed to succeed as a payment channel.

Ripple is soon expected to announce new developments, a couple of which include the use of escrow and plans to introduce a systematic market management program to add liquidity.

73
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Royal Monetary Authority of Bhutan and Ripple to pilot CBDC with private blockchain

09/22/2021
Royal Monetary Authority of Bhutan and Ripple to pilot CBDC with private blockchain

Ripple, the provider of enterprise blockchain and crypto solutions for cross-border payments, today announced a collaboration with Bhutan’s central bank, the Royal Monetary Authority (RMA), to pilot a central bank digital currency (CBDC) using...

Read more

Banco Rendimento first bank to use Ripple’s blockchain payments in the cloud

06/15/2020
Banco Rendimento first bank to use Ripple’s blockchain payments in the cloud

Ripple, a provider of enterprise blockchain solutions for payments, today announced Banco Rendimento has launched with RippleNet Cloud. As the first bank to use Ripple technology entirely in the cloud, Banco Rendimento joins nearly...

Read more

Thailand remittance payment platform DeeMoney connects to RippleNet

03/19/2020
Thailand remittance payment platform DeeMoney connects to RippleNet

DeeMoney, a fintech company based in Thailand specializing in digital cross-border money transfers, has announced its platform is now processing live transactions, in partnership with Ripple, the enterprise blockchain solution for global payments. Through...

Read more

Azimo to use Ripple ODL and XRP for remittances into The Philippines

02/26/2020
Azimo to use Ripple ODL and XRP for remittances into The Philippines

Ripple, the cross-border payment network powered by distributed ledger technology (DLT), today announced a new partnership with European digital money transfer service Azimo. The company has launched with Ripple’s On-Demand Liquidity (ODL) service as...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
What is DeFi Returns?  A new way of DeFi Investing

What is DeFi Returns? A new way of DeFi Investing

06/08/2023
A Beginner’s Guide To Forex Demo Account

A Beginner’s Guide To Forex Demo Account

06/07/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
What is DeFi Returns?  A new way of DeFi Investing

What is DeFi Returns? A new way of DeFi Investing

06/08/2023
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
The Sandbox teams with Hex Trust to enable licensed and secure custody of its virtual assets

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

05/10/2023
CoinFlip launches new self-custodial cryptocurrency wallet platform 'Olliv'

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

04/28/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy