SaitaSwap now allows users to trade XRP because the DEX recently announced offering the asset.
Users can now trade XRP on SaitaSwap, a UAE-based decentralized exchange (DEX) and non-custodial cryptocurrency wallet, thanks to the asset’s listing on the site.
The decision is made as Ripple and the SEC’s legal battle is about to end.
On Monday, SaitaSwap announced the change via its official Twitter account.
The exchange claims that the XRP offering is one of its most anticipated listings, demonstrating a pattern of increasing client demand.
“The most anticipated listing for SaitaSwap is live now” Recently, SaitaSwap revealed in a tweet.
XRP trading Still on Desktop; Android and iOS Versions are Coming Soon
The Saita Pro editions of the platform for Android and iOS will soon allow XRP trading. Currently, XRP trading is only available on the exchange’s desktop platform.
It should be no surprise that both the XRP community and SaitaSwap users have positively accepted the development.
Manpreet Kohli, co-founder and chief financial officer of Saitama, echoed the disclosure to reach a wider audience.
Kohli recently emphasized the importance of supporting huge groups, like the XRPArmy, and providing them with a secure platform in a tweet.
SaitaSwap is a non-custodial platform; thus, tokens are held with the highest security.
Further, Kohli predicted that major financial institutions would quickly adopt XRP on a large scale because of its value and usability.
The crypto community welcomes the SaitaSwap listing. @Martje2018 writes:
According to @Moltmoney:
Tweeted by @Spiggy:
About SaitaSwap Listing
Since its August launch, SaitaSwap has been steadily expanding. The platform saw $10M in staked assets by users within one week after introduction, demonstrating a dramatically rising adoption rate.
As previously mentioned, the exchange listed Bone ShibaSwap (BONE) in September to increase the assets it supports.
It comes at a time when the larger crypto markets are mounting a rebound against the bears. The most recent XRP listing is another effort to increase its token support.
XRP has increased by 3.52% over the last week to trade at $0.3924 as of this writing. Since December 1, any attempt to recover the $0.40 zone has been sharply rejected.