– Advertisement –Follow-Us-On-Google-News

Users can now trade XRP on SaitaSwap, as the DEX recently announced listing the asset.

UAE-based decentralized exchange (DEX) and non-custodial crypto wallet SaitaSwap has listed XRP, allowing users to trade the asset on the platform. The move comes when the legal tussle between Ripple and the SEC is nearing its terminus.

SaitaSwap disclosed the development through its official Twitter handle on Monday. According to the exchange, the XRP listing is one of its most anticipated listings, indicating a pattern of growing demand from clients.

“The most anticipated listing for SaitaSwap is live now.” SaitaSwap disclosed in a recent tweet. 


According to the announcement, XRP trading is exclusively on the desktop version of the exchange, with support for the asset coming soon on the Android and iOS versions of the platform, dubbed Saita Pro. The development has unsurprisingly been received well by both the XRP community and SaitaSwap users.

Co-founder and Chief Finance Officer at Saitama, Manpreet Kohli echoed the disclosure as a means to bring the disclosure to a broader audience. In a recent tweet, Kohli highlighted the need to support large communities such as the XRPArmy, and to give them a safe platform.


Being a non-custodial platform, tokens on SaitaSwap are held with utmost confidence. Kohli further asserted that XRP’s value and utility would soon attract mass adoption from major financial institutions.


Launched in August, SaitaSwap has been on a relentless growing path. Barely a week following its launch, the platform saw $10M in staked assets by users, indicating a sharply-increasing adoption rate. As a means to expand its asset support, the exchange listed Bone ShibaSwap (BONE) in September, as previously reported.

The recent XRP listing is another move aimed at expanding its token support, and it comes at a time when the broader crypto markets are staging a comeback against the bears. XRP, in particular, has gained by 3.52% in the past week to trade at $0.3924 as of press time. All attempts to reclaim the $0.40 zone since December 1 have been met with a sharp rejection.

– Advertisement –


Source link