You Can Now Trade Ripple On Luno

Luno has officially added a new cryptocurrency to its platform. Starting today, Luno members will be able to trade using Ripple (XRP).

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To celebrate the addition, Luno will allow users to trade with the cryptocurrency at a reduced fee. For a period of 30 days after its launch.

Prior to the addition of XRP, Luno was only able to trade in Bitcoin (BTC) and Ethereum (ETC). Ripple itself is a digital currency that stems from XRP Ledger, a peer-to-peer, decentralised cryptographic ledger. Luno says that it decided to add XRP to its platform, mainly because of its growing demand.

Value-wise, XRP’s average price sits at US$0.23 (~RM0.97), but has a 24-hour volume of more than US$603 million (~RM2.53 billion), and a market cap in excess of US$20 billion (~RM84 billion).

To be fair, news about Luno’s plan to add XRP to its portfolio isn’t groundbreaking. Word the platform’s endeavour first got out in December last year, when a report said that the cryptocurrency had already been approved by the Securities Commission (SC).

(Source: Fintechnews)

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