Japanese crypto exchange TAOTAO to start XRP trading in ten days
Cryptocurrency exchange TAOTAO announced that it would add XRP to the stock of trading newly. According to the announcement, it is scheduled to start handling at 16:00 after the maintenance on September 22nd. Bitcoin (BTC) and Ethereum (ETH) were handled in the spot trading of TAOTAO, but with the addition of Ripple’s native token this time, the handling of spot trading of the company will be increased.
— Canvas Group (@Canvasjpn) September 12, 2021
XRP to be listed by Japanese exchange TAOTAO on September 22
Not long ago, as AZCoin News reported, SBI Holdings aimed to launch the country’s first crypto fund by the end of November, which could provide individual investors with a way to diversify their broader portfolios. The new investment vehicle will expose several major cryptocurrencies, including BTC, ETH, and XRP. Meanwhile, Japanese crypto exchange TAOTAO recently merged with SBI VC Trade – an exchange belonging to a significant partner of Ripple.
On September 1, the managing company of TAOTAO (Tao Tao, Ltd) merged with SBI VC Trade – a crypto exchange affiliated to the SBI Group – a significant partner of Ripple Labs in Japan.
After Ripple was sued by the SEC for allegedly issuing unregistered securities, major US-based exchange Coinbase refused to resume XRP trading earlier this year. However, another major Japanese exchange has started trading the Ripple-affiliated cryptocurrency.
As mentioned, on September 22, after 16:00 local time, TAOTAO plans to add XRP to the list of cryptocurrencies traded on it. The transaction will be launched after the platform maintenance on that date. The exchange offers trading pairs based on Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
XRP/USD 4-hour chart | Source: TradingView
At the time of writing, XRP is changing hands at $1.108, a slight increase insignificant in the last 24 hours.
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