Global Trade

TAOTAO, a Japanese cryptocurrency exchange, will transact XRP in two days

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For XRP, this is a huge issue. Trading in XRP will begin on the Japanese crypto exchange TAOTAO in two days. On September 1, TAOTAO and SBI VC Trade, a cryptocurrency exchange owned by a key Ripple partner, agreed to join. Shortly thereafter, the deal was finalised. This is a major victory for XRP, especially after they were abandoned by all of their linked exchanges for several months.

Coinbase, a US-based exchange, suspended XRP on January 19 after alleging in a lawsuit against Ripple that the cryptocurrency was an unregistered security. Before that, over 26 businesses have stopped offering XRP services as a result of the Ripple litigation.

Additionally, the Coinbase Pro exchange’s mobile app now offers four XRP trading pairs (XRP/BTC, XRP/USD, XRP/GBP, and XRP/EUR). Since then, the XRP market price has increased by about 13% in just a few minutes. Regrettably, Coinbase Pro acted swiftly to quash reports of a relisting. Since there was a technical problem, Coinbase Pro concluded that XRP was only temporarily displayed. In contrast, some members of the XRP community are pushing the business to list XRP again as part of Ripple’s twinning programme. Even so, Coinbase Pro remained steadfast.

After the platform maintenance on September 22nd, 2021, TAOTAO is expected to add XRP trading to its offerings. TAOTAO offers trading pairings for Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.