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CoinCola Adds Ripple XRP to Their OTC Exchange

bitcoin social trading

CoinCola is a pioneer in OTC crypto trading. They recently added  XRP to the coins that can be traded via their OTC platform. CoinCola already allows their clients to trade fiat currency for Bitcoin, Bitcoin Cash, Ethereum, Litecoin, USDT and Dash, so  XRP will make a welcome addition to an already robust set of options.

Over The Counter (OTC) trading offers substantial benefits for CoinCola’s customers, and many large institutions use the same framework due to its efficiency and speed. Instead of dealing with a market-maker, traders and investors are able to trade directly and save money on trading fees.

Coincola

CoinCola has been an active player in crypto trading and has created a platform that helps to keep trading costs low. The addition of XRP to their line-up of cryptos only adds to an already robust offering of trading options.

CoinCola Offers Safety in a Wild Marketplace

This year has been rough for the reputation of Initial Coin Offerings (ICOs). Last year saw billions raised with ICOs, but today many are known to be outright scams. CoinCola offers its users the safety of escrow for their trades and purchases, so they get the assets they are paying for.

CoinCola offers its clients the ability to buy and sell Bitcoin, Ethereum, Bitcoin Cash, Litecoin, USDT, Dash and Ripple. Their platform also allows the direct purchase of cryptos with their local fiat currency.

Regardless of whether a clients goal is a short-term trade or investment, CoinCola’s mobile-app enabled platform is worth considering.

XRP is Gaining Ground

XRP started off 2018 with a bang. As the year progressed, XRP was neck and neck with ETH as the second largest crypto by total market value . Over the last month, it overtook ETH on a sustained basis, and today is second only to BTC in terms of market cap.

Unlike other cryptos, which weren’t designed with a specific market in mind, Ripple was developed to make international transactions a breeze. The company has been successful in cementing agreements with major banks, including some of Japan’s largest banks.

The Chief Market Strategist at Ripple, Cory Johnson, recently told the Techonomy 2018 conference that,

“We’ve got around a 100 paying customers, we’ve moved over a billion dollars on the network and we’re opening new corridors. When I joined the company, around 9 months ago, they were doing one deal in 6 weeks. Now it’s 6 days.”

The fact that a ‘crypto company’ has attracted so many paying clients is probably a plus for their long-term survivability, and CoinCola has recognized how important XRP could be going forward.

Substantial Advantages

One of the reasons why institutional investors prefer to use OTC markets is their lower fee structure.

Because the exchange is only ensuring that both parties are on the up-and-up, the fees for an OTC transaction tend to be far lower than an on-exchange purchase.  CoinCola’s OTC exchange certainly delivers price-efficiency and allows crypto users of all sizes to take advantage of an OTC trading architecture.

CoinCola offers free deposits for their customers. For people that want to use as market-maker , CoinCola offers trading pair as well. XRP will be the newest coin to join the list of majors already available at CoinCola, so traders have the ability to access the second-most valuable crypto issuance in the world.

The post CoinCola Adds Ripple XRP to Their OTC Exchange appeared first on Blockonomi.