Gemini Adds XRP to Its Crypto Listing for the First Time
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Gemini, a renowned and trailblazing cryptocurrency exchange, has set the stage for an exciting development by announcing its resolute support for Ripple’s XRP token. This strategic move not only underscores the robust progress of both Gemini and XRP but also signals a noteworthy advancement within the ever-dynamic realm of digital currencies.
We have xciting news!
XRP is now available for deposits on Gemini. Trading support will follow xtra soon. 🤝 pic.twitter.com/f2EjxewRm0
— Gemini (@Gemini) August 10, 2023
XRP, the very heartbeat of Ripple’s blockchain-based network, has garnered resounding acclaim for its unparalleled capacity to facilitate swift and cost-effective cross-border payments. With a steadfast adoption trajectory among prominent financial institutions, banks, and remittance services worldwide, XRP has undoubtedly solidified its position as a powerhouse in the crypto landscape.
Impressively, it claims the fifth spot in the cryptocurrency market hierarchy per CoinMarketCap data, a testament to its significance.
XRP to Be Traded Against Six Currencies on Gemini
The curtains have risen on Gemini’s latest act, revealing the commencement of XRP deposits onto its esteemed platform, with the grand act of trading poised to unfold in the imminent future. This forthcoming trading spree will encompass an array of fiat trading pairs, encompassing an expansive spectrum of currencies, including USD, GBP, CAD, AUD, HKD, and SGD.
Gemini’s meticulously designed rollout strategy casts XRP onto center stage, first via the API/FIX and ActiveTrader applications for the USD trading pair, subsequently extending its reach to embrace the Gemini website and the user-friendly mobile application across a wider range of fiat pairs.
Within the vibrant XRP community, an air of jubilance and optimism prevails, reverberating across the social media landscape. The community’s enthusiasm is notably rooted in Gemini’s unwavering adherence to exacting listing standards, a resounding validation of XRP’s credibility and robustness.
Observers also posit that this strategic partnership could potentially trigger a ripple effect (no pun intended), compelling other exchanges to contemplate the reintegration of XRP. This sentiment gains further traction against the backdrop of XRP’s ongoing legal entanglement with the US Securities and Exchange Commission (SEC).
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