Altcoin News: XRP Has Become the Most Traded Cryptocurrency on eToro

February 28, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

According to eToro, a brokerage company ad, the XRP coin became the has become the most traded digital asset (by unique open trades) on the platform in January 2019.

In a report published on Twitter eToro, it is stated that XRP had 29,991 open trades, Ethereum had 26,773 unique trades, Bitcoin took third place with a total of 25,148 open trades.

Despite the popularity of XRP, the report indicates that traditional assets such as oil and gold continue to have the highest trading volume among all assets represented on the platform, with the number of transactions at 35,503 and 32,484, respectively. However, it becomes obvious that the difference is not so big and soon we can expect changes in this area, where cryptocurrencies are becoming the most attractive tool for traders.

Due to the recent addition of XRP to Coinbase Pro, the February report may look even more optimistic, but despite this, the price of popular cryptocurrency is going through not the best times and compared to the five largest in terms of capitalization of coins. In February XRP gained almost 9% in relation to the US dollar, while to Bitcoin, the price did go down by a few percents.

Author: Marko Vidrih

Image via eToro