![Xrp marks coinbase listing by overtaking bitcoin cash [bch] in trading volume on the platform |](https://ohiobitcoin.com/storage/2019/03/JPB6T2.jpg "Xrp marks coinbase listing by overtaking bitcoin cash [bch] in trading volume on the platform |")
![Xrp marks coinbase listing by overtaking bitcoin cash [bch] in trading volume on the platform |](http://ohiobitcoin.com/storage/2019/03/JPB6T2.jpg "Xrp marks coinbase listing by overtaking bitcoin cash [bch] in trading volume on the platform |")
The downturn in the prices of the market did not stop new announcements and updates. One of the most anticipated developments was the addition of XRP on which happened over this week, much to the joy of the ‘XRP Army’. ’s announcement stated,
“After 10am on February 25, 2019 we will begin accepting inbound transfers of XRP to Pro. We will accept deposits for a minimum of 12 hours prior to enabling full . Please note that inbound transfers require the specification of an XRP destination tag.”
Post the reveal, XRP steadily climbed to the top of the charts, holding the 4th position in terms of volume on . The exchange witnessed a total volume of $67.068 million on the platform, mostly dominated by , , and XRP trade.
What makes XRP’s climb on the charts so noteworthy however, is that the beat Cash in terms of volume, which occupied $2.069 million compared to XRP’s $4.412 million.
A Twitter user, Lover of All Crypto, stated,
“I’m sure is pleased that an asses they listed only 4 days ago is already making up 12-14% of their daily volume. $”
At the time of writing, XRP was at $0.313 on Pro with a 6.58% volume occupancy. XRP’s next competition on the Pro chart is , which saw $9.758 million worth of take place on the platform.
The XRP listing on has not been one without criticism. One of the main points discussed was that abandoned its Digital Asset Framework to list XRP. The Diar report stated,
“The potential addition of XRP has been a contentious topic within the industry for the possibility of the being labeled as a security… And as far as the exchange’s own mission of an ‘Open Financial System’ is concerned, the addition of XRP falls in line with the hopes of addressing the remittance market.”
The reason for the speculation was that holds more than 55 billion XRP in escrow with a release schedule, which was a breach of ’s Digital Assets Framework.
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Published at Sun, 03 Mar 2019 01:35:57 +0000
