JAKARTA - In a move that marks the recovery of the XRP cryptocurrency, on August 10, Gemini crypto exchange announced XRP's reliating.
After three years out of the trade list, XRP is back on the Gemini crypto exchange in several trading pairs including USD, GBP, and EUR currencies. Gemini announced strong support for the XRP Ledger blockchain, opening up opportunities for traders to participate in XRP/USD trading.
Although this announcement caught the attention of the public, it can be seen that the price of XRP does not make a dramatic reaction to this news. This may be due to the fact that the rallying furore has eased since the resumption of trade by Coinbase and Kraken, both US-based platforms.
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For additional information, Gemini not only supports XRP trading, but also supports XRP trading for several currency pairs including USD, GBP, EUR, CAD, SGD, HKD, and AUD. However, the new XRP can be stored in Gemini Exchange wallets and is not yet available on Gemini Custody.
This move led Gemini to become a platform with wider compatibility, including support for 14 different blockchain networks, such as Bitcoin, Ethereum, Solana, Dogecoin, and Litecoin. With support for XRP Ledger, Gemini brings more options to traders in the growing crypto ecosystem.
XRP itself has an important role in Ripple products aimed at facilitating cross-border transactions and more efficient money transfers. The XRP token also serves as a liaison, allowing transaction completion in various fiat currencies in a short time.
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