Australian Cryptocurrency Exchange Will Support For Ripple (XRP) Token Trading

According to the recent reports Sydney-founded cryptocurrency exchange Independent Reserve is authorizing support for Ripple (XRP) which is currently the world’s third-largest cryptocurrency by market cap after Bitcoin and Ethereum. With launch of trading on July 7, the exchange is suggesting selling to both retail trade investors via its exchange and institutional customers through off-exchange trading.

The exchange at the present moment proposes fiat trading pairs among  USD, AUD, NZD and Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

The exchange is starting Ripple trading on Saturday, allowing customers to buy XRP with AUD, NZD and USD. The exchange platform also promotes crypto trading pairs, enabling trading among XRP and Bitcoin (XBT), Ethereum’s Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).

In April 2018, Independent Reserve became Australia’s first adjusted cryptocurrency exchange after law passed a year ago authorized the Australian Transaction Reports and Analysis Centre (AUSTRAC) to control national cryptocurrency exchanges.

The regulatory order, which demands accordance to meet anti-money laundering and counter-terrorism financing (AML/CTF) commitments, customer record storing and weakening distrustful operations involving all cash transactions above AUD $10,000, came into effect on April 3.

On the same day, Independent Reserve showed it had obtained agreement  from AUSTRAC to become Australia’s first cryptocurrency exchange to fulfill with the authorized rules.