Coinrail to list Ripple

South Korean newly launched exchange will enlist Ripple in its dealings
01 November 2017   3031

Coinrail, a South Korean exchange which was launched on October 11, is going to add Ripple to its platform. Coinrail has a trading volume of 16.6526 KRW. The total transaction volume is currently 192,316 KRW which is $171,7.

Coinrail will be the third South Korean cryptocurrency exchange to issue Ripple after Bithumb and Coinone. Coinrail is a new and developing exchange which has already announced its deal with Bitcoin, Ethereum, Dash, Litecoin, Stratis, OmiseGo, EOS, Bitcoin Cash, Walton Coin, TenX, and Jet Cash and it plans to add QTUM, Stellar Lumens, and KyberNetwork, NEO, Komodo, NEM, IOTA too.

November 17 is declared to be the date when Ripple will be added to Coinrail. It is worth mentioning that South Korea is diligently trying to regulate use of cryptocurrencies, for instance the authorities plan to levy taxes on cryptocurrency transactions and ban ICO in the country. Moreover, representatives of the central bank of South Korea stated that they do not recognize Bitcoin and other digital assets as a means of payment.

South Korean exchanges have been showing interest in Ripple for a long time which even lead to its daily volume growth. Nevertheless lately XRP coin has been continuously going down.

At the moment of writing Ripple has a price of $0,197 and its market capitalisation  is $7,628,088,760 with 24 hour volume of $56,996,400.

Bitso to Expand to Latin America With Investors Help

The amount of financing, attracted by the most popular Mexican exchange from the Coindesk and Ripple, isn't reported
15 October 2019   143

Mexico's leading cryptocurrency exchange Bitso has attracted funding from industry-famous investors to expand its operations in Latin America. The amount of investment is not disclosed, reports The Block.

The financing round was led by fintech company Ripple, also the largest US cryptocurrency company Coinbase took part in it. In addition, the participants in the round were Digital Currency Group and Pantera Capital, who had previously invested in the exchange.

Bitso has been operating in Mexico since 2014 and claims to serve 750,000 users in the country. The exchange intends to use the raised funds for business expansion primarily in such large countries as Argentina and Brazil.

Among other economic difficulties, a number of Latin American states are facing currency crises. In Argentina, the government, for example, imposed restrictions on the purchase of foreign currency, trying to stop the fall of the peso. Brazil's economy has fallen into recession due to high unemployment, declining investment and a global recession.

Against this background, cryptocurrency activity is growing in the region.

Weekly LocalBitcoins Volume in Argentina (USD)
Weekly LocalBitcoins Volume in Argentina (USD)

In Argentina, weekly volumes of bitcoin transactions on the p2p platform LocalBitcoins jumped to almost $ 196 thousand. In Brazil, this figure reached $ 307 thousand.