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.

@Ripple (XRP) has always been a crypto-crowd favourite because of its high liquidity and ease to transact. For the first time in the crypto world, Koinex proudly presents XRP-based trading market with 8 XRP pairs going live tonight. #XRPTheStandard#WhatsNextOnKoinex #Ripple

— Koinex (@koinexindia) April 28, 2018

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

• AETERNITY (AE)
• EOS (EOS)
• GOLEM (GNT)
• LITECOIN (LTC)
• NUCLEUS VISION (NCASH)
• OMISEGO (OMG)
• REQUEST NETWORK (REQ)
• TRON (TRX)

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: This article should not be considered as an investment advice. Please conduct your own research before investing in any cryptocurrency.

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Originally published at www.koinalert.com on April 29, 2018.