Japan crypto exchange bitbank goes live with XRP trading

Japan-based crypto exchange Bitbank announced today Ripple (XRP) has been activated on the platform. The Ripple (XRP/JPY) pair has been added as the second altcoin addition to the virtual currency exchange at bitbank.cc, the company first added Litecoin a few weeks back.

ETH is supposed to be added next.

Bitbank is the only exchange in the country that allows dealings and deposits/withdrawals through XRP will full support of a trading API.

In addition, in commemoration of the release, a campaign totaling 736K USD in incentives for trading has been initiated aimed to improve the liquidity of XRP transactions and will be held from June 1st until September 1st.

Every day for three months during the campaign, XRP equivalent to a total of 800 dollars per day will be given to customers who are within the top 5 rankings in volume on bitbank’s XRP/JPY market, according to a proportional distribution method.