RATE Group | Record Breaking on Largest Cryptocurrency Exchange!
89690
post-template-default,single,single-post,postid-89690,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Record Breaking on Largest Cryptocurrency Exchange!

01 Jun Record Breaking on Largest Cryptocurrency Exchange!

Posted at 02:58h in Cryptocurrency News by

The XRP liquidity index, paired with the Mexican Peso (XRP / MXN), broke a new record in Mexico’s largest crypto exchange Bitso.

XRP Liquidity Continuously Increasing

Liquidity in the market refers to how a digital asset can be converted into cash or changed for other cryptocurrencies without affecting its stability. High liquidity indicates a stable market.

According to the Liquidity Index Bot on Twitter, the XRP / MXN liquidity index in Bitso has been steadily increasing for the past four days. While it was 32.962.643 on May 27, it increased to 35.168.346 on May 28, to 36.023.811 on May 29 and to 36.795.339 on May 30.

Bitso uses Ripple’s Optional Liquidity (ODL) service to convert the Mexican Peso into US dollars after transferring its XRP…

Source link

Tags:
, , , ,