Australia’s First Regulated Crypto Exchange Adds Ripple XRP Support

Australia’s First Regulated Crypto Exchange Adds Ripple XRP Support
On July 5, 2018, Australian cryptocurrency exchange Independent Reserve announced to list the world’s third-largest cryptocurrency by market cap Ripple (XRP) on its platform. Ripple will be the exchange’s fifth token – the other four being Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

XRP Meets Listing Criteria
Australia’s first regulated crypto exchange divulged adding support for XRP and began trading Ripple’s native token from July 7, 2018. Initially, the exchange will allow users to purchase XRP with AUD, NZD, and USD. It will also support crypto-to-crypto trading between XRP, and Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

In a bid to promote XRP trade on the platform, the exchange will offer an introductory brokerage fee of 0.1 percent, limited to XRP trading, for two weeks following the launch of the token on the platform. Independent Reserve’s press release stated:

“We are excited to announce the imminent launch of our fifth cryptocurrency – Ripple XRP. XRP is the native currency of the Ripple Transaction Protocol. It is primarily used as a bridge currency for when two entities wish to trade different currencies where no pair exists.”