XRP Gets Listed on Over-the-Counter CoinCola Cryptocurrency Exchange
CoinCola said to be one of the most popular over-the-counter exchanges, announced adding XRP as one of the available cryptocurrencies on the exchange.
The second-largest cryptocurrency managed to keep the positive momentum it acquired from the mass recovery in the market that took place between December 17th and December 18th, still rising by 12% in the last 24 hours and 22% for the week.
As the recovery is becoming more obvious, XRP became available CoinCola OTC where it can be live traded without the middleman or central authority alongside Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Bitcoin Cash (BCH), Litecoin (LTC) and Dash (DASH).
In the meanwhile, it is reported that OTC cryptocurrency markets are becoming more popular in China and Russia, although the number of these exchanges is notably lower in oppose to the number of centralized exchange markets.
XRP Available on CoinCola: The Perks of Dealing with OTC Exchanges
What makes over-the-counter exchanges perhaps more attractive for trading is the fact that users and traders don’t need to deal with often high trading fees, which is normally the case with other cryptocurrency exchanges that have a central authority.
Almost every highly popular exchange in the cryptocurrency market is actually centralized, thus imposing fees on trading so that the central authority could receive compensation in return for their services.
Since OTC exchanges like CoinCola act as a medium between sellers are buyers, working on protecting users through escrow system, that way preventing fraudulent activities, users can instantly choose their own sellers and buy any of the supported cryptos.
Likewise, sellers can post their selling offers on CoinCola and wait for the buyers to respond to their price, while the process is instant and prompt without the need of paying for large trading fees.
That means that trading with XRP and other available cryptocurrencies through adds posted by sellers are completely free of charge.
This might be the case why OTC exchanges are gaining on popularity in China, also having CoinCola based in Hong Kong.
It is considered that these traders are more likely choosing OTC exchanges like CoinCola due to zero fees policy, the speed of the network trading and the immediate availability of trading assets.
XRP and December Listings
In the meanwhile, since the beginning of December, XRP got listed on two more exchanges, becoming available for live trading on KuCoin exchange and also becoming the fifth cryptocurrency to be added on Skrill.
However, perhaps the most anticipated listing for XRP is appearing on Coinbase. As holders and traders are waiting for the listing announcement to become official, Coinbase announced XRP to be listed in the upcoming months together with 30 new digital assets in total.
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