Bitstamp introduces XRP trading
Bitstamp Ltd is today announcing the launch of XRP trading on its exchange. XRP is an independent digital asset that is native to the Ripple Consensus Ledger. XRP trading will be available from 17 January 2017, with 0% fees for the first month.
The two new trading pairs to be added to Bitstamp’s roster are XRP/USD and XRP/EUR. XRP is unique among digital assets in that it can be used as a bridge currency for real-time settlement, providing efficient exchange of value across borders.
The option to make XRP deposits and withdrawals will commence tomorrow, and this will be followed on 17 January with full trading functionalities in operation. Additionally, as part of Ripple’s XRP incentive program, Bitstamp will have a reduced fee schedule until the end of April, beginning with 0% fees on all XRP transactions made before 10 February 2017.
Quote: Nejc Kodrič, Bitstamp’s CEO
“After evaluating a number of digital currencies for inclusion on our exchange, it soon became clear that customer demand for XRP was particularly strong,” notes Nejc Kodrič, CEO at Bitstamp. “Fortunately, Ripple and XRP also happen to be a good fit for the demand we've been seeing from our customers' and so we are delighted to be able to respond to their needs in this way.”
Quote: Miguel Vias, Head of XRP Markets
“The relationship with Bitstamp and launch of XRP volume incentives underscores our commitment to making XRP the institutional standard bearer for value transfer globally,” notes Miguel Vias, Head of XRP Markets at Ripple. "XRP is uniquely capable of introducing more liquidity to exchanges to support global payment volume, especially in exotic corridors. Ripple's adoption with banks puts XRP in pole position to become a global settlement asset, which translates to more liquidity for Bitstamp, and more value for institutional and individual investors."
About Bitstamp
Founded in 2011, Luxembourg-based Bitstamp is a leading digital asset exchange and the largest Bitcoin exchange in the EU in volume terms. Currently offering trading pairs of USD and EUR with BTC, the exchange is set to include XRP in January 2017, and this is to be followed by other trading pairs and products in the coming months. Bitstamp Ltd was not only the first bitcoin exchange to implement hot/cold storage and the high-security multisig wallet, its subsidiary, Bitstamp Europe S.A. went further and obtained a payment institution license in 2016. Bitstamp’s objective now is to continue being a reliable and easy-to-use one-stop shop for trading cryptocurrencies and digital assets in a fully compliant and regulated environment.
About Ripple
Ripple provides global financial settlement solutions to ultimately enable the world to exchange value like it already exchanges information – giving rise to an Internet of Value (IoV). Ripple solutions lower the total cost of settlement by enabling banks to transact directly and with real-time certainty, optionally using the digital asset XRP to further reduce liquidity costs. Banks around the world are partnering with Ripple to improve their cross-border payment offerings, and to join its growing, global network of financial institutions and liquidity providers.
Ripple is a venture-backed startup with offices in San Francisco, New York, London, Sydney and Luxembourg. As an industry advocate for the Internet of Value, Ripple sits on the Federal Reserve’s Faster Payments Task Force Steering Committee and co-chairs the W3C’s Web Payments Working Group.
More information:
Kaja Ribnikar: kaja.ribnikar@bitstamp.net
David Patterson: dpatterson@ripple.com
The two new trading pairs to be added to Bitstamp’s roster are XRP/USD and XRP/EUR. XRP is unique among digital assets in that it can be used as a bridge currency for real-time settlement, providing efficient exchange of value across borders.
The option to make XRP deposits and withdrawals will commence tomorrow, and this will be followed on 17 January with full trading functionalities in operation. Additionally, as part of Ripple’s XRP incentive program, Bitstamp will have a reduced fee schedule until the end of April, beginning with 0% fees on all XRP transactions made before 10 February 2017.
Quote: Nejc Kodrič, Bitstamp’s CEO
“After evaluating a number of digital currencies for inclusion on our exchange, it soon became clear that customer demand for XRP was particularly strong,” notes Nejc Kodrič, CEO at Bitstamp. “Fortunately, Ripple and XRP also happen to be a good fit for the demand we've been seeing from our customers' and so we are delighted to be able to respond to their needs in this way.”
Quote: Miguel Vias, Head of XRP Markets
“The relationship with Bitstamp and launch of XRP volume incentives underscores our commitment to making XRP the institutional standard bearer for value transfer globally,” notes Miguel Vias, Head of XRP Markets at Ripple. "XRP is uniquely capable of introducing more liquidity to exchanges to support global payment volume, especially in exotic corridors. Ripple's adoption with banks puts XRP in pole position to become a global settlement asset, which translates to more liquidity for Bitstamp, and more value for institutional and individual investors."
About Bitstamp
Founded in 2011, Luxembourg-based Bitstamp is a leading digital asset exchange and the largest Bitcoin exchange in the EU in volume terms. Currently offering trading pairs of USD and EUR with BTC, the exchange is set to include XRP in January 2017, and this is to be followed by other trading pairs and products in the coming months. Bitstamp Ltd was not only the first bitcoin exchange to implement hot/cold storage and the high-security multisig wallet, its subsidiary, Bitstamp Europe S.A. went further and obtained a payment institution license in 2016. Bitstamp’s objective now is to continue being a reliable and easy-to-use one-stop shop for trading cryptocurrencies and digital assets in a fully compliant and regulated environment.
About Ripple
Ripple provides global financial settlement solutions to ultimately enable the world to exchange value like it already exchanges information – giving rise to an Internet of Value (IoV). Ripple solutions lower the total cost of settlement by enabling banks to transact directly and with real-time certainty, optionally using the digital asset XRP to further reduce liquidity costs. Banks around the world are partnering with Ripple to improve their cross-border payment offerings, and to join its growing, global network of financial institutions and liquidity providers.
Ripple is a venture-backed startup with offices in San Francisco, New York, London, Sydney and Luxembourg. As an industry advocate for the Internet of Value, Ripple sits on the Federal Reserve’s Faster Payments Task Force Steering Committee and co-chairs the W3C’s Web Payments Working Group.
More information:
Kaja Ribnikar: kaja.ribnikar@bitstamp.net
David Patterson: dpatterson@ripple.com