Blockchain startup Ripple has announced that its XRP cryptocurrency is now available on 50 exchanges across the world.

The fourth most valuable cryptocurrency has shown a tremendous growth this year, rising from $0.0035 earlier this year to $1.24 recently.

“The market is taking notice of XRP’s speed, reliability and scalability — which has strengthened the demand for XRP and where it’s listed. In fact, we’re proud to announce that XRP has gone from being listed on six exchanges earlier this year to more than 50 worldwide,” Ripple said. “The increased demand for XRP speaks to the market’s understanding of the need for a fast and scalable asset that serves as a reliable liquidity tool for financial institutions through the product xRapid.”

The company said that XRP needs liquidity across fiat currencies to serve its role in cross-border flows. XRP is now available on CEX.IO, GMOCoin, and Huobi.pro. Ripple said that this expansion will make it possible to better serve growing demand for XRP.

“The market recognizes that XRP is the fastest, most scalable digital asset for global payments that can also provide liquidity to financial institutions,” said Patrick Griffin, SVP of business development for Ripple. “What’s more, being listed on more than 50 exchanges will not only make this asset more available globally but also further the Internet of Value, which will enable the world to move money as easily as information moves today.”