Zebpay Listed Ripple

Ripple became closer to the Indian market and local traders
09 February 2018   1368

Large Indian cryptocurrency exchange Zebpay added another token. Now it is Ripple’s XRP.

XRP is the digital asset native to XRP Ledger. The XRP Ledger is an open-source, distributed ledger. Ripple is a privately held company. XRP can handle 1500 transactions per second with an average settlement time of 4 seconds. Many institutions like Santander Bank, Axis Bank, Yes Bank etc are testing Ripple’s technology to bring down their cost and increase efficiency.
 

Zebpay Team

Indian cryptocurrency market isn't that small. According to recent study, India accounts for 10% of the cryptocurrency transactions in the world. 

At the moment of press, these are main XRP parameters:

  • Average Price $0,787748
  • 24h Volume $927 186 000
  • Market Cap $30 729 431 758

Ripple Price ChartRipple Price Chart 

Top 3 Ripple Markets:

  1. Bithumb 35,84%
  2. Upbit 15,26%
  3. Coinone 8,08%

Zebpay looks like actively development company. Few weeks ago it listed Litecoin.

SEC to Start VanEck-SolidX BTC-ETF Consideration

Starting today, the 45-day countdown to the SEC initial decision was launched
20 February 2019   87

For the first time since August of last year, two proposals on the creation of a Bitcoin-ETF are under consideration by the US Securities and Exchange Commission (SEC).

The application of VanEck and SolidX, issued in cooperation with the Cboe BZX exchange, as expected, was included in the Federal Register issue this Wednesday, with which the 45-day countdown to the SEC initial decision was launched. The application of Bitwise Asset Management and NYSE Arca was published last week.

I … hope that our investment in regulatory and market education, hard work and commitment will be honored when the time comes.
 

Gabor Gurbacs

Director of digital asset strategy, VanEck

The head of Bitwise’s research department, Matt Hogan, believes that not only firms that have submitted bids to create Bitcoin-ETFs are looking for approvals, but and the entire “extremely fast-growing” crypto industry.

A year ago there was maybe one qualified crypto custodian … and now there are half-a-dozen, and that number will go up from here. A little more than year ago, we didn’t have futures. A year ago we didn’t have nearly as many firms making markets. A few months ago, you didn’t have folks like Fidelity announced in the space. It’s evolving really, really quickly.
 

Matt Hougan

Global head of research, Bitwise

 As reported, ultimately, however, a bitcoin ETF approval will depend on how companies approach their proposals.