News reaching Ethereum World News indicate that the new XRP centered SBI Virtual Currencies Exchange, has listed Bitcoin (BTC) and Bitcoin Cash (BCH) as cryptocurrencies the trading platform now supports. The website also now gives a description of both BTC and BCH on its online buyers guide. Initially, only XRP was showcased on the guide.
This means that the users that were able pre-register on the exchange last October, can now trade XRP, BTC and BCH against the Japanese Yen.
However, the new trading pairs of BTC/JPY and BCH/JPY will only be available starting Monday, the 18th of June. The exchange currently is in the process of becoming a leading Cryptocurrency exchange as envisioned by the CEO and President of SBI Holdings, Yoshitaka Kitao.
Both Ripple and SBI Holdings have enjoyed a fruitful partnership for over two years. The newly released SBI Virtual Currencies exchange, ss one of the fruits of that collaboration. Ethereum World News had only yesterday reported that the online XRP buying guide on the Ripple website, has now officially added the SBI Virtual Currencies platform as a source of trading XRP. This means that the two companies are working hand in hand in increasing the liquidity of XRP.
XRP is continually gaining liquidity with each listing making it available to more and more crypto-traders across the globe.
Current market analysis indicate that XRP is currently trading at $0.52 and down 1.69% in the last 24 hours. The entire crypto-market seems to be experiencing some stagnation from the weekend with Bitcoin (BTC) holding its own at the current levels of $6,489 since Saturday, June 16th.
Also to note, is that the new XRP symbol now appears on coinmarketcap.com indicating that the crypto community has embraced it.
Back in mid May, there was a call to the Ripple Community to assist in choosing the coin’s new symbol. The proposals of the new symbol were centered around the letter ‘X’ due to XRP’s role in moving funds across borders and also because ‘x’ is the multiplication symbol in mathematics. The latter analogy was based on the fact that XRP allows entities to build one each other’s concepts and ideas to make something bigger hence multiplying to produce an efficient, mutually beneficial outcome.