Australia’s First Regulated Exchange Independent Reserve Adds Ripple to Its Cryptocurrency Offering

Hello friends this time I have a news about ripple from Sydney based exchange who expanded the list of its cryptocurrency offering with ripple XRP .

The world largest 3rd currency after bitcoin and etherium .
Some important points :-

1. the platform allows trading in bitcoin, ethereum, litecoin, and bitcoin cash.
2. Users can purchase the new coin in US dollars, Australian dollars, and New Zealand dollars.
3. the exchange will support trading between XRP and already available digital currencies.
   “The addition of XRP is in line with our strategy of adding high-quality digital currencies in a thoughtful and measured way,”
   said by Independent Reserve CEO, Adrian Przelozny
   about independent reserve cryptoexchange

Independent Reserve is Australia’s first cryptocurrency exchange regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC), one of the world’s leading regulatory bodies focused on monitoring the cryptocurrency trading platforms. After the agency was authorized to monitor the local market last year, it issued requirements for cryptocurrency-related businesses that came into effect in April, 2018.
Under the new legislation, Australian exchanges have to meet anti-money laundering and counter-terrorism financing (AML/CTF) rules, verify new customers, and report suspicious activity, including the transfers of physical currency above $10,000 or more.
Friends XRP is now trading at $0.502 and has increased by 1.39% in the past 24 hours, according to Coinmarketcap. Its market cap is around $20 million. In future XRP comes 1st position in the cryptocurrency market
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