After blockchain payments provider Ripple announced its partnership with BitGo to list XRP on six leading digital asset exchanges, Hong Kong-based exchange Bitfinex has enabled Ripple (XRP) on its trading platform.
The company stated that the moves comes due to a combination of the interest of shareholder and popular demand from its customers. Two XRP pairs XRP/USD and XRP/BTC will be available for exchange trading on the platform.
“Margin trading for XRP pairs will be enabled in the coming days after the order book develops suitable liquidity,” the release stated.
XRP is set to be the most efficient settlement option for financial institutions and liquidity providers seeking global reach and accessibility, since it has proven governance and the fastest transaction confirmation of its kind.
XRP has been uniquely positioned in order to create more competitive foreign exchanges (FX) markets for cross-border payments and it is not required to transact on Ripple as well.
