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Indian Exchange Koinex Launches XRP-based Crypto Trading Market



Indian Exchange Koinex Launches XRP-based Crypto Trading Market

Koinex is one of the top cryptocurrency exchange in India. Recently it has launched crypto-to-crypto trading on its platform. Soon after that, it has launched XRP based crypto trading market, which is first to be done by Koinex in the Crypto world. Users can now do crypto-to-crypto trading from Koinex website or through its official app. Currently, 15 pairs of tokens are allowed for crypto-to-crypto trading (BTC & ETH) and 8 XRP pairs.

“Our platform is built with the agility and technical brilliance to adapt to any market requirement. We were deliberating on the possible new offerings on Koinex and many of our traders expressed interest for a crypto-to-crypto trading corridor. Our thoughts matched and we expedited the platform integration and today are set to offer our entire crypto-pair bouquet for seamless trading, and many more such surprises are in the pipeline to enthrall our users,” said Rahul Raj, Co-Founder, and CEO of Koinex.

Among the 8 pairs of tokens launched, the tokens available for trading under XRP based crypto trading market are –

  • EOS (EOS)
  • TRON (TRX)

koinex launches XRP based crypto-to-crypto trading market for the first time in the crypto world

Also, Koinex has slashed the trading fee for buying and selling at 0.15% for INR market. Additionally, for the crypto-to-crypto pairs trading, there is zero trade fee.

The tokens available in the Bitcoin market will be Ethereum (ETH/BTC), Litecoin (LTC/BTC), TRON (TRX/BTC), Ripple (XRP/BTC), OmiseGo (OMG/BTC), Bitcoin cash (BCH/BTC), EOS (EOS/BTC), Nucleus Vision (NCASH/BTC), and Request (REQ/BTC).

The tokens available in the Ethereum market will be TRON (TRX/ETH), Ripple (XRP/ETH), OmiseGo (OMG/ETH), Bitcoin Cash (BCH/ETH), EOS (EOS/ETH), and Nucleus Vision (NCASH/ETH).

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.