Ripple Pushes xRapid Rollout As XRP Exchange Liquidity Increases 300%
The availability of XRP has increased exponentially in recent months.
According to a new breakdown from avid Ripple and XRP prognosticator Hodor, the number of digital outlets where XRP can be purchased has jumped more than 300% in less than a year.
“Less than one year ago, I inventoried all of the known worldwide exchanges that carried XRP, and arrived at approximately 29 exchanges. And recently, I again took inventory of the number of XRP exchanges and entry points, and the number was 105 and growing quickly. This represents more than a 300% increase in the number of liquidity endpoints in less than a year, with some of the new entrants representing milestones in Ripple’s overall xRapid roll-out strategy.”
The analysis uses numbers from CoinMarketCap, CoinGecko and Live Coin Watch.
The rapid rise is also a positive sign for all cryptocurrencies at large. The dramatic increase in the number of options means crypto investors should no longer have to wait in line for months at an exchange that may or may not be open for new sign ups.