The cryptocurrency XRP, has recently started tasting success, after being on the receiving end of mockery and jokes. After Coinbase and OKEx, cryptocurrency exchange, Huobi announced that it would be listing XRP today on its Over the Counter (OTC) platform.
The listing on OKEx could be counted as a major milestone for the mainstream adoption of XRP because OKEx is 3rd largest cryptocurrency exchange in the world by daily trading volume. The users of this exchange can now sell or buy XRP using 5 different fiat currencies, namely British Pound, Chinese Renminibi, Vietnamese Dong, Russian Rubble and Thai Baht, as earlier reported by Crypto-News India.
Coinbase said in its announcement that its Pro users in Canada, United States, European Union, United Kingdom, Singapore and Australia will be allowed to trade XRP. Users in other countries will be allowed to trade it later. XRP community had been waiting eagerly to see their beloved coin listed on Coinbase, so this news obviously came as a big cheer to them. The listing news came as a pleasant surprise, given that last year Coinbase, indirectly, had stated that it would not list XRP or any token that appeared to be a Security.
The cryptocurrency exchange announced the news via its official Twitter handle saying, “#Huobi OTC #announcement is now here! $XRP @Ripple will launch on #Huobi #OTC at 10:00 6 March. Details here: http://bit.ly/2VwKTPI @bgarlinghouse #Ripple.”
— HuobiGlobal (@HuobiGlobal) March 5, 2019
Interestingly, the maker fee is set uniformly across nearly all fiat currencies at 0.2% and the taker fee is 0%. The currencies on the exchange indicate the countries where Huobi has its customer base.
It is extremely easy for traders to start trading XRP on Huobi. In order to do so, one needs to visit the Huobi OTC homepage at otc.hbg.com. If a user has already signed up, they need to log in. However, new users will need to sign up.
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