Known as the pioneer for Over The Counter crypto trading, CoinCola has recently announced that XRP has been added to the coins that can be currently traded through their Over the Counter platform. The platform exchange already lets their customers trade fiat currency for Ethereum, Litecoin, Dash, Bitcoin Cash, Bitcoin and Tether which will make XRP a nice addition to the collection.

With Over The Counter trading, there is a substantial benefit for CoinCola’s customers and many large institutions use the same structure - mainly due to the speed and efficiency of the network. Traders and investors will be able to trade directly and save money on trading fees instead of dealing with a middleman market maker.

The exchange platform has been a constantly active player in the crypto market and has recently created a platform which is great for keeping trading costs low. With the listing of XRP, this only reinforces CoinCola’s nice collection of offering for trading options.

Rough year

Not only has 2018 been a rough year for cryptocurrencies but ICOs have seen their reputation thrown out the window. Last year there were billions raised with ICOs but there are too many known today to be scams. With CoinCola, they are offering their users the safety of escrow for their trades and purchases so they get the assets that they are paying for.

Customers of CoinCola are being offered the possibility of buying and selling Bitcoin, Bitcoin Cash, Litecoin, Tether, Ethereum and now Ripple so the platform allows direct purchase of cryptos with whatever their local fiat currency is.

XRP

If we look to XRP for a minute, the token started off the year on a high, as did many cryptocurrencies, and was tied with Ethereum as the second biggest crypto (in terms of market cap) for a while too. That race has now been won by XRP as Ethereum slunk back into third just over a month ago.

As reported by blockonomi, Ripple’s XRP was primarily developed to make global transactions easier. The firm has been doing things right in getting partnerships left, right and centre including several financial institutions like some of the biggest banks in Japan. Cory Johnson spoke at the Techonomy conference this year saying:

“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.”

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