Announced on July 10, 2019, one of many well-known Japanese crypto exchanges, DMM Bitcoin is supporting the third-largest cryptocurrency, XRP. Initially, it’s paired with Japan’s fiat forex JPY (Japanese Yen). According to its announcement, the buying and selling has already begun from July 10, 2019.
This trade was launched again in 2018 as “DMM Bitcoin”. It was initiated with a plan to assist 7 cryptocurrencies, 14 buying and selling pairs and with the function of margin buying and selling. This trade operates beneath the identify of standard Japanese leisure conglomerate DMM Group which is the operator of standard e-commerce web site DMM.com.
Per the announcement, the seven cryptocurrencies had been Bitcoin (BTC), Ether (ETH), NEM (XEM), Ripple (XRP), Litecoin (LTC), Ethereum Classic (ETC), and Bitcoin Cash (BCH). Among all these, solely two cryptocurrencies, Bitcoin and Ethereum had been set for fiat-to-crypto buying and selling with JPY up to now – whereas different cryptocurrencies had been leveraged buying and selling solely. Following the latest announcement, customers may entry XRP cryptocurrency in pair of JPY.
— DMM Bitcoin（DMMビットコイン） (@DMM_Bitcoin) July 10, 2019
Ahead of DMM Bitcoin, its mum or dad, DMM Group had a small crypto buying and selling platform known as “Toky0 Bitcoin Exchange Inc”. Reportedly, Tokyo Bitcoin Exchange Inc was accepted by the Japanese Financial Service Agency (FSA) on Dec 1, 2017. In reality, this trade was one of many uncommon names among the many 15 accepted trade in Japan. Later DMM Group renamed “Tokyo Bitcoin Exchange to DMM Bitcoin” and suspended its earlier companies.
DMM Bitcoin’s replace of supporting XRP is kind of thrilling information for the entire XRP group. Subsequently, XRP member “CryptoEri” took to Twitter and provides that “there were over 700,000 downloads of the DMM trading app tied to an XRP promotional campaign”. The tweet posted on July 10 reads that;
More than 700,00zero downloads of the DMM buying and selling app tied to a XRP promotional marketing campaign. Will cowl this in a video at the moment.
— CryptoEri (@sentosumosaba) July 10, 2019
Despite this information, there’s no constructive second within the value of XRP. In reality, different altcoins additionally declining with the extreme fall. At the press time, XRP is buying and selling on the value $zero.33 in opposition to USD by plunging at 15.39 p.c over the previous 24 hours.
Image Source – DMM Bitcoin Twitter