XRP continues to increase its popularity among traders and crypto enthusiasts, demonstrating that it has the potential to become much more than just a cross border payment facilitator. The token’s acceptance has grown substantially over the last few months, and several exchanges have noticed this trend, adapting their platforms to users’ needs.
The most recent case comes from the Canadian Exchange Coinfield, which recently published a tweet sharing with their users its decision to list 130+ tokens to be available for trading against fiat or against XRP as the only apparent crypto/crypto option.
Coinfield Believes in XRP
Coinfield does not suppress its enthusiasm for XRP. Its social networks feature several tweets commenting on the benefits of Ripple’s token. This Exchange is one of the best illustrations of how the famous hashtag #XRPTheBase can turn into a reality.
According to information provided by Coingecko, Coinfield is on the top 100 exchanges in the world with a trading volume of just over $8 million over the last 24 hours. The Exchange has 56 pairs available, supporting six fiat currencies: United States Dollar (USD), Canadian Dollar (CAD), Euro (EUR), British pound sterling (GBP), Japanese yen (JPY) and United Arab Emirates Dirham (AED).
Likewise, Coinfield relies on XRP to promote the expansion of its client base, offering a referral program to rewards user for convincing others to join the exchange:
“CoinField™ is glad to announce its new referral program to reward loyal users. When those users bring in new traders to the platform, both users will be rewarded with 10 XRP deposited into their accounts. They will also receive a 25% commission going forward off every trading commission the newcomer transacts.”
Coinfield’s decision is not surprising. Other exchanges have already taken this step as a strategy to promote cryptocurrency trading. As reported by Ethereum World News, during Christmas of 2018, Chanpeng Zhao, CEO of Binance (the most important Exchange by trading volume) announced that XRP would become a base pair.