Hbus, the operator of the United States-based version of major crypto exchange Huobi.com, has today launched three trading pairs for XRP. The news was announced in a press release shared with Cointelegraph on April 18.
According to the announcement, the three XRP trading pairs are to be USD-XRP, bitcoin (BTC)-XRP, and tether (USDT)-XRP. XRP deposits are set to open 12:00 a.m. PST today, while trading and withdrawals for the three pairs will go live tomorrow, April 19, at 12:00 a.m. PST.
According to Hbus CEO Frank Fu, XRP is the platform’s 20th listed digital asset, bringing Huobi.com’s total trading pairs up to 51.
The press release characterizes XRP as a “strong performing coin with broad utility and volume.” It points to XRP creator Ripple’s multiple partnerships to drive adoption of its cross-border payments network RippleNet.
To press time, XRP is currently the third largest cryptocurrency, with a market capitalization of roughly $14.2 billion, according to CoinMarketCap data.
As previously reported, the Huobi.com marketplace first launched under the name of Hbus in June 2018 as a strategic partner of Huobi Group — the operator of the flagship Huobi Global crypto exchange — currently ranked 8th globally. Trading services on the U.S. platform went live in July 2018. In January of this year, its San Francisco-based operator, Hbus, rebranded the Hbus exchange to Huobi.com.
After much speculation, XRP was eventually listed on the professional trading arm of major U.S. crypto exchange and wallet provider Coinbase for the first time this February.
In late March, Coinbase added further functionality for the asset, enabling customers to make zero-fee cross-border payments using XRP and the exchange’s stablecoin USD Coin (USDC).
To press time, Huobi.com is ranked 183rd crypto exchange globally, seeing roughly $90,000 in trades over the past 24 hours.