With the latest news coming from the community, the price of XRP may be about to see even higher gains. The altcoin has been trading on major cryptocurrency exchanges since Judge Analisa Torres ruled that programmatic sales do not constitute securities sales, and now XRP has taken another step forward with the announcement of an exchange approved by the U.S. Treasury Department step.
XRP debuts on U.S. Treasury-approved exchange
On Saturday, March 16, Atlantis Exchange announced that it would list XRP for trading. The listing is significant for the altcoin as Atlantis Exchange is one of the few exchanges registered with the U.S. Treasury Department and the United Nations for trading cryptocurrencies.
The listing puts XRP among the approximately 50 cryptocurrencies currently traded on the platform. User deposits were opened on March 13, and platform trading officially started on Monday, March 17. Trading is expected to last for three days, after which users will be able to withdraw XRP tokens from the exchange on March 20.
Additionally, the network for depositing XRP to cryptocurrency exchanges is the BSC network. This means that users who want to send tokens to Atlantis need to ensure that they are actually using the BSC network to transfer tokens. Otherwise, they may end up losing their tokens. The crypto exchange has yet to integrate XRP Ledger on the platform, which means trading between exchanges cannot be done using the native blockchain.
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In a post announcing the listing of the XRP token, Atlantis Exchange also took the time to praise the cryptocurrency. The exchange outlined the fact that the coin is used for cross-border transactions and highlighted its ability to confirm transactions within 3-5 seconds.
The exchange is also optimistic about the future of XRP’s price. In its post announcing the listing of XRP for trading, Atlantis Exchange predicted that the altcoin’s price could rise another 100-fold. Now, the feasibility of this is questionable, but it does show that Atlantis believes this altcoin will perform well in the future.
As for the coin’s price, gains have been slow at the start of the week, rising by 0.42% over the past day. However, its current trading value is $0.611, which means the coin has lost 2.54% over the past week. Despite this, it remains the sixth-largest cryptocurrency on the market, with a market capitalization of $33.48 billion. #美国财政部 #XRP
