Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Bitstamp launches two XRP trading pairs with 0% fee for first month

Luxembourg-based digital asset exchange Bitstamp announced the launch of XRP trading on its exchange. The XRP trading will be available from 17 January 2017 with 0% fee for the first month.

XRP is an independent digital asset, which is native to the Ripple Consensus Ledger. The launch will see two new trading pairs XRP/USD and XRP/EUR added to Bitstamp’s roster.

“After evaluating a number of digital currencies for inclusion on our exchange, it soon became clear that customer demand for XRP was particularly strong. Fortunately, Ripple and XRP also happen to be a good fit for the requirements of our EU license and so we are delighted to be able to respond to our customers’ needs in this way,” Nejc Kodrič, Bitstamp’s CEO, stated.

The choice to perform XRP deposits and withdrawals will commence immediately, followed by full operation of trading functionality from January 17. As a part of Ripple’s XRP incentive program, Bitstamp will be having a reduced cost that is schedule until the end of April, initially with 0% fee on all transactions of XRP for one month till 10 February 2017.

“The relationship with Bitstamp and launch of XRP volume incentives underscores our commitment to making XRP the institutional standard bearer for value transfer globally,” Miguel Vias, Head of XRP Markets stated. “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."

The addition of XRP trading can be used as a bridge currency for real-time settlement, providing efficient exchange of value across borders, since XRP is unique among digital assets.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

June 23 14:30 UTC Released

USECRI Weekly Annualized*

Actual

3.4 %

Forecast

Previous

3.7 %

June 23 14:30 UTC Released

USECRI Weekly Index*

Actual

143.7 %

Forecast

Previous

144.0 %

June 26 08:00 UTC 786786m

GBIfo Expectations*

Actual

Forecast

Previous

106.5 k

June 26 08:00 UTC 786786m

DEIfo Business Climate*

Actual

Forecast

114.4 bln BRL

Previous

114.6 bln BRL

June 26 08:00 UTC 786786m

DEIfo Expectations*

Actual

Forecast

106.4 %

Previous

106.5 %

June 26 08:00 UTC 786786m

DEIfo Current Conditions*

Actual

Forecast

123.3 mln

Previous

123.2 mln

June 26 08:30 UTC 816816m

GBIfo Expectations*

Actual

Forecast

Previous

40.750 k

June 26 08:30 UTC 816816m

BRBBA Mortgage Approvals

Actual

Forecast

Previous

40.750 k

June 26 11:00 UTC 966966m

BRBBA Mortgage Approvals

Actual

Forecast

Previous

84.2 k

June 26 11:00 UTC 966966m

RUFGV Consumer Conf*

Actual

Forecast

Previous

84.2 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.