The XRP Community Celebrates as XRP Debuts on US Treasury-Approved Exchange
The XRP community has reason to celebrate as the altcoin makes its debut on Atlantis Exchange, a platform approved by the United States Treasury Department. This listing is significant for XRP, as Atlantis Exchange is one of the few exchanges registered with both the United States Treasury and the United Nations. With around 50 cryptocurrencies currently trading on the platform, XRP joins the ranks of other digital assets available for trading.
Atlantis Exchange opened deposits for XRP users on March 13 and officially began trading on March 17. However, users will have to wait until March 20 to withdraw their XRP tokens from the exchange. It is important to note that the BSC network is used for depositing XRP tokens to Atlantis Exchange. Users must ensure that they use this network when transferring tokens to avoid losing their coins. Additionally, it’s worth mentioning that the exchange has yet to integrate the XRP Ledger on its platform, meaning transactions cannot be conducted using the native blockchain.
Positive Outlook for XRP
In their announcement of XRP’s listing, Atlantis Exchange had nothing but praise for the altcoin. They emphasized its use in cross-border transactions and highlighted its ability to confirm transactions within 3-5 seconds. The exchange also expressed optimism about the future of XRP, predicting that its price could rise another 100x. While this projection may be questionable, it demonstrates Atlantis Exchange’s belief in the altcoin’s potential.
Currently, XRP is experiencing a slow start to the week, with a modest gain of 0.42% over the last day. However, its trading value of $0.611 reflects a decrease of 2.54% in the past week. Despite this dip, XRP remains the 6th-largest cryptocurrency with a market cap of $33.48 billion.
Hot Take: XRP’s Future Looks Promising
The latest development surrounding XRP’s listing on Atlantis Exchange is a positive sign for the altcoin. Being approved by the United States Treasury Department adds credibility and legitimacy to XRP, potentially attracting more investors and traders. While it’s still early to determine the long-term impact of this listing, it presents an opportunity for XRP to gain greater adoption and recognition in the crypto market.
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