KuCoin, one of the most famous cryptocurrency exchange platforms is now supporting eight XRP markets which include Bitcoin(BTC), Ethereum(ETH), Tether(USDT) and USD Coin(USDC). The information was made public by the trading platform on December 3rd.
KuCoin’s move comes just two weeks after XRP surpassed Ethereum(ETH) as the second largest cryptocurrency in the market.
The trading platform currently supports XRP trading in XRP/BTC, XRP/USDT, XRP/ETH, XRP/PAX, XRP/TUSD, XRP/USDC, XRP/KCS, and XRP/NEO. Though these are just the starting pairs, more are expected to be offered shortly.
Apart from announcing the listing of XRP, the exchange platform is running a special offer between December 3rd to December 10th.
During this week, KuCoin will offer users 99% discount on trading fees on XRP trading pairs. This means that users trading with XRP on the platform will have to pay only 1% of trading fees.
Similarly, Poloniex exchange also decided to cut its trading fees for BTC/USDC trading pairs.
The listing of XRP on KuCoin could be useful, as the community has been requesting more trading pairs on various other exchanges. XRP is the most demanding and the cheapest of digital currencies that are transacted in the market as of now.
The XRP community is in talks with other exchanges like Binance to have XRP as the base currency for its platform; the decision of this is still not taken.
There was a hint from Changpeng Zhao, founder of Binanace, as he wrote on Twitter to shill XRP. Nevertheless, this may come as a positive move in the development of the Ripple currency. However, in the past, the currency has performed poorly. The poor performance is because of the current bearish trend which is affecting the crypto-market.
XRP also lost a substantial part of its price; however, it was still able to get the second position in the market in terms of market cap.
The market capitalization of XRP is close to $14.1 billion, as it was traded close to $0.349. Currently, XRP has $3 billion’s of difference with the next largest cryptocurrency, Ethereum(ETH).