Bitstamp Ltd has announced the launch of XRP trading on its exchange, marking a significant expansion of its digital asset offerings. XRP, the native digital asset of the Ripple Consensus Ledger, will be available for trading starting 17 January 2017, with 0% fees for the first month.
New XRP Trading Pairs
Bitstamp is introducing two new trading pairs:
- XRP/USD
- XRP/EUR
XRP stands out among digital assets due to its utility as a bridge currency for real-time settlement, enabling efficient cross-border value exchange.
👉 Discover how XRP enhances liquidity
Key Dates and Fee Structure
- Deposits/Withdrawals: Begin tomorrow.
- Full Trading: Live on 17 January 2017.
Fee Incentives:
- 0% fees on XRP transactions until 10 February 2017.
- Reduced fees until April 2017 under Ripple’s XRP incentive program.
Executive Insights
Nejc Kodrič, CEO of Bitstamp
"Customer demand for XRP was overwhelming. Ripple’s technology aligns perfectly with our users’ needs, making this a logical addition to our platform."
Miguel Vias, Head of XRP Markets at Ripple
"XRP’s institutional-grade liquidity positions it as the future standard for global value transfer. Partnerships like Bitstamp accelerate this vision."
About Bitstamp
Founded in 2011, Bitstamp is a Luxembourg-based exchange and the largest Bitcoin platform in the EU by volume. Key milestones:
- 2016: Obtained payment institution license.
- Pioneered multisig wallets and cold storage security.
- Plans to expand with new trading pairs in 2017.
👉 Explore secure crypto trading
About Ripple
Ripple’s mission is to enable an Internet of Value (IoV) by streamlining global settlements. Its solutions:
- Reduce liquidity costs for banks using XRP.
- Power real-time, cross-border payments.
- Supported by a global network of financial institutions.
Headquartered in San Francisco, Ripple collaborates with regulators, including the Federal Reserve’s Faster Payments Task Force.
FAQs
1. When does XRP trading start on Bitstamp?
Answer: Full trading launches on 17 January 2017.
2. What are the fee incentives for XRP?
Answer: 0% fees until 10 February, followed by reduced fees until April.
3. Why is XRP unique?
Answer: It acts as a bridge currency for instant, low-cost cross-border transactions.
4. Is Bitstamp a regulated exchange?
Answer: Yes, it holds a payment institution license in the EU.
5. How does Ripple’s technology benefit banks?
Answer: It enables direct transactions with real-time certainty, lowering settlement costs.
For media inquiries:
- Bitstamp: Kaja Ribnikar – [email protected]
- Ripple: David Patterson – [email protected]
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1. **XRP trading**
2. **Bitstamp exchange**
3. **Ripple Consensus Ledger**
4. **Bridge currency**
5. **Cross-border payments**
6. **Cryptocurrency liquidity**