XRP gets listed on another leading crypto exchange

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Updated on Dec 18, 2024

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XRP, the fourth-largest crypto by market cap, was recently listed on PayBito — a leading US exchange.
This is a significant development for XRP, which does not only offer exposure, but also legitimacy.
By using PayBito, XRP will be available to users around the world who are looking to diversify their portfolio

Cryptocurrency XRP recently got listed on one of the leading US-based crypto exchanges, PayBito. Now, PayBito’s users around the world can have easy access to the fourth-largest cryptocurrency, whether via PayBito’s web version, or its Android/iOS app.

XRP’s new listing to increase exposure

The addition of Ripple’s XRP to PayBito allows the platform to further expand its portfolio. The platform has been working on expanding its asset list, as well as its reach, since the start of the year.

Its Managing Director, Raj Chowdhury, commented on the new development by saying that the exchange is always open to adding new cryptos. However, PayBito is also known for being strict when it comes to the listed tokens’ credibility and potential for growth.

Above all, however, it demands that the assets meet all the necessary regulatory directives. In fact, PayBito has an entire list of rules and guidelines that it follows to the letter when listing new coins.

What must a coin do to get on PayBito?

There are around eight major conditions that any coin needs to fulfill in order to be listed, such as having a reliable developer team, offering proof of credibility that its underlying tech functions and benefits traders, and having a consensus mechanism.

Then, there is transparency with details on the operating expenses, having a future revenue generation model, having its blockchain up to a specific standard, and, of course, compliance with current regulations.

XRP apparently meets these requirements, at least as far as PayBito is concerned. Chowdhury added that listing of the coin allows the exchange to serve its users better, simply by allowing them easy access to various cryptos.

Not only that, but the exchange also encourages its users to buy XRP and diversify their portfolios, in order to eventually benefit from trading and mainstream adoption alike.

Unfortunately, XRP’s listing did not seem to have an immediate impact on XRP price, which currently sits at $0.188.