The XRP price could be headed for greater heights with the latest development coming out of the community. While the altcoin has been trading on leading crypto exchanges since Judge Analisa Torres’s rules that programmatic sales did not qualify as securities sale, it has moved a step forward with an announcement from an exchange approved by the United States Treasury Department.
On Saturday, March 16, Atlantis Exchange announced that it would be listing XRP for trading. This listing is significant to the altcoin because Atlantis Exchange is one of the few exchanges for trading cryptocurrencies that have been registered with not only the United States Treasury, but also the United Nations.
This listing puts XRP among around 50 cryptocurrencies which are currently trading on the platform. Deposits for users were opened on March 13, and trading on the platform officially began on Monday, March 17. Trading is also expecting to carry on for three days before users will be able to withdraw XRP tokens from the exchange, which will open on March 20.
Additionally, the network for depositing XRP to the crypto exchange is the BSC network. This means that users who want to send tokens to Atlantis need to make sure that they are actually using the BSC network to transfer the tokens. Otherwise, they could end up losing their coins. The crypto exchange is yet to integrate the XRP Ledger on the platform, which means transactions cannot be carried out to and from the exchange using the native blockchain.
Nothing But Praise In the posts announcing the listing of the XRP token, Atlantis Exchange also took time out to praise the cryptocurrency. The exchange outlines the fact that the token is used for cross-border transactions, highlighting its ability to confirm transactions in 3-5 seconds.
The exchange also sees a bright future for the XRP price. In its post announcing the listing of XRP for trading, Atlantis Exchange predicted that the altcoin’s price could rise another 100x. Now, the feasibility of this is questionable, but it does show that Atlantis does believe that the altcoin will do well going forward.
As for the token’s price, it is seeing a slow start to the week with light gains of 0.42% over the last day. However, its current trading value of $0.611 means that the coin is down 2.54% in the last week. Nevertheless, it remains the 6th-largest cryptocurrency in the space with a market cap of $33.48 billion.
Token price at $0.6 | Source: XRPUSDT on Tradingview.com Featured image from Decrypt, chart from Tradingview.com
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Scott Matherson Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.