Last week, Bit-Z, a popular crypto exchange based in Hong Kong announced that they were adding XRP support. The crypto coin will be paired against the USD.
Bit-Z isn’t new to the market. It has been operating since 2016. According to Tokeninsight, a professional assessment agency, the platform is the world’s fourth most important cryptocurrency exchange.
In addition to crypto trading, Bit-Z has been offering “OTC Trade” where one can use USD or Chinese yuan to buy BTC, ETH or LTC.
The platform also accepts a wide variety of payment methods including cash deposit, AlyOPay, wire, Neteller, PayPal, WeChat, Western Union, and MoneyGram, which is rare for an exchange and caters really well to the Asian market.
This attempt of adding Ripple’s XRP by Bit-Z might prove to be a turning point as XRP currently, has acquired tremendous popularity and acceptance in the crypto world. XRP is one of the most popular digital currencies in the world.
The number of crypto exchanges that are allowing customers to purchase XRP directly is very less.
Fortunately, it is the perfect time for the Hong Kong-based crypto exchange to gain popularity regarding Ripple’s XRP. Although, the latest crypto market experienced a downfall in the price of top digital currencies. The XRP is trading with a positive trend when compared to the other digital currencies.