Bitstamp to offer Ripple trading pairs

Investing | January 17, 2017 By:

Bitstamp announced it will launch trading of XRP, the digital asset native to the Ripple Consensus Ledger.

XRP trading will be available on Bitstamp from January 17, 2017, with two new trading pairs to be added to the exchange’s roster: XRP/USD and XRP/EUR. Bitstamp said it plans to add other trading pairs and products in the coming months.

“The relationship with Bitstamp and launch of XRP volume incentives underscores our commitment to making XRP the institutional standard bearer for value transfer globally,” notes Miguel Vias, Head of XRP Markets at Ripple. “XRP is uniquely capable of introducing more liquidity to exchanges to support global payment volume, especially in exotic corridors. Ripple’s adoption with banks puts XRP in pole position to become a global settlement asset, which translates to more liquidity for Bitstamp, and more value for institutional and individual investors.”

According to Bitstamp, the move was driven by user demand. At the same time, it suggests a deepening role for the firm as a gateway within the Ripple network.