Huobi adds support for XRP to its OTC trading desk

06 Mar, 2019
by Richard Allen
Huobi adds support for XRP to its OTC trading desk

Chinese cryptocurrency exchange Huobi’s over-the-counter (OTC) trading desk has announced that XRP is now fully supported as of today, March 6 (GMT+8).

XRP is the sixth coin available on Huobi’s OTC platform, joining the likes of Bitcoin, Ethereum, Tether, EOS, and Huobi Token.

Read more: Mercury FX performs first xRapid payment for clients Philippines honeymoon

According to the press release that was shared with Cointelegraph, Livio Weng, CEO of Huobi Global, stated that the Huobi OTC platform is integral to the exchange's growth because it’s Huobi’s main onramp and “main platform for users who prefer peer-to-peer trading.”

Many community members were  pleased to hear the news, though some noticed that Houbi used Ripple’s logo, rather than the logo of the XRP cryptocurrency:

Currently, the project is 0.33% up and trading at $0.314 with a total market cap of $13 billion.

In other XRP news, during an AMA yesterday, Binance CEO Changpeng Zhao stated that until XRp is officially recognized as a security, Binance will continue to list the project and reserve their judgments until the court case has concluded.

Read more: CZ: Binance doesn't consider XRP a security, will keep it listed

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Read more about: Ripple (XRP) Huobi


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