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XRP Massive 20% Surge – Here’s Why

The XRP token, like many other tokens on the market, is experiencing a great surge in its price, as good news come from the US and outside.

Coinbase has announced that residents of New York can now store and trade XRP on its web and mobile platforms.

New York residents have had limited functionality with Coinbase because of its stricter financial rules. The approval of XRP is sure to be welcomed by the highly populated city, and perhaps the availability of XRP will be a precursor to more tokens further down the line.

In addition, German stock exchange Boerse Stuttgart announced that its customers can now buy and sell Exchange Traded Notes (ETN) based on Litecoin (LTC) and Ripple (XRP).

Jürgen Dietrich, Director Blue Chips & Funds Trading at Boerse Stuttgart, said,

There is a lot of interest in cryptocurrencies. These ETNs will allow investors in Germany to track future price developments of the two cryptocurrencies Litecoin and Ripple (XRP) through exchange-traded securities for the first time.

Abhimanyu Krishnan

Abhimanyu is an engineer on paper but a writer by living. To him, the most celebratory aspect of blockchain technology is its democratic nature. While he’s hodling, he can be found reading a good book or making the local dogs howl with the sound of his guitar playing.

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Abhimanyu Krishnan

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