In line with an official press-release published, the sub-operator of the U.S. based renowned cryptocurrency exchange huobi.com namely ‘Hbus’, has recently announced the launching of 3 trading pairs for Ripple [XRP].
As per the announcement, the 3 Ripple [XRP] trading pairs are USD-XRP, BTC-XRP, and USDT-XRP. Ripple [XRP] deposits were set to open from 12:00 a.m. PST yesterday, whereas trading and withdrawals for the 3 pairs will go live from today, i.e. 19th April, at 12:00 a.m. PST.
In line with the chief executive officer of Hbus namely ‘Frank Fu’, XRP is the platform’s 20th listed crypto asset, adding Huobi.com’s total trading pairs sum up to 51 now.
The announcement characterizes Ripple as a “strong acting coin with broad utility as well as volume.” It points to XRP creator Ripple’s multiple collaborations to ‘drive mass‘ adoption of its cross-border payments network named ‘RippleNet’.
As reported earlier, the Huobi.com marketplace was primarily ‘launched‘ underneath the name of ‘Hbus’ earlier in June last year, as a strategic partner of Huobi Group – the operator of the flagship Huobi Global crypto-currency exchange – presently ranked at the ‘8th position‘ globally. Trading services on the United States platform went operational from July 2018. In Jan. of this year, its San Francisco-based operator, Hbus, rebranded the Hbus exchange to Huobi.com.
Later in March, Coinbase ‘added‘ additional functionality for the assets, enabling customers to make zero-fee cross-border payments employing Ripple [XRP] along with the exchange’s stablecoin USD Coin [USDC].
At the reporting time, Huobi.com is ‘listed‘ as the 183rd cryptocurrency exchange globally, observing roughly around $90,000 in trades over the past twenty four hours.