The European exchange LCX, situated in Liechtenstein, has announced the adoption of XRP to its trading platform, which is a big move for the community. On July 20, XRP aficionados will be able to trade the token against the USDC, EUR, and LCX’s native token, respectively.
The industry has taken notice of LCX, a next-generation exchange that is compliant and regulated. The platform is happy to announce that nine blockchain registrations have been approved, demonstrating its dedication to providing a wide range of blockchain services. Since its founding in 2018, LCX has forged a number of successful relationships, including ones with the prestigious World Economic Forum and Animoca Brands.
The exchange’s trade volume has remained noticeably low despite its rising repute. The overall turnover on LCX is presently at $1.3 million, according to data from CoinMarketCap, with Ethereum having the highest trading volume.
However, it is anticipated that adding XRP would draw a lot of attention to the exchange and draw in new traders who are trying to diversify their portfolios.
Europe and XRP
Since it is currently accessible for trade on websites like BitPanda, EXMO, and Bitvavo, XRP is not a newcomer to the European market. But given that it has recently been listed on LCX, the token’s status in the cryptocurrency market is further cemented, especially now that it has been acknowledged by the courts as a nonsecurity asset.
By being offered on a newly established European exchange, XRP’s accessibility is increased, allowing more people to take part in its expanding ecosystem.
