The third leading crypto exchange, OKEx, has added XRP and BCH on its customer-to-customer (C2C) market. The market facilitates trading of digital currencies against government-issued currencies also known as fiat.
The addition will, therefore, allow users to sell or buy ripple (XRP) and Bitcoin Cash (BCH) using fiat. Currently, the platform supports Chinese, Vietnamese, British, Russian, and Thailand’s government-issued currencies.
The customer-to-customer market gives users the freedom to choose their preferred exchange rates plus the mode of payment. The platform does not charge transaction fees for crypto to fiat trading. The addition of XRP and BCH will not interrupt the functioning of the platform.
The new additions will be joining other earlier added coins; Bitcoin (BCH), Ethereum (ETH), Litecoin (LTC), and Tether (USDT).
In an announcement, the third leading crypto exchange said:
[The] C2C trading platform aims to provide a convenient and accessible way for [the] public to [have a] better understanding of the application of digital assets and blockchain technology. The platform facilitates the trades between users by offering a low-volatility market and zero transaction fees. In response to the market demand, OKEx is constantly enhancing the trading options and reviewing the functionalities on its platform.
With the addition came subtraction. The third leading crypto exchange also noted that other coins will be removed from the C2C market. The coins to be subtracted from the market are QTUM (QTUM), Exchange Union (XUC), and NEO (NEO). Traders with open orders involving these coins on the C2C market are advised to cancel them before Feb 25.
The third leading crypto exchange added NEO (NEO), DASH (DASH), Bitcoin Satoshi Vision (BSV), and QTUM (QTUM) to its margin trading platform where they were paired with the leading stable coin, USDT, or Bitcoin (BTC).
Do you think XRP and BCH will record significant trading activities on the C2C market?
Let us know your thoughts in the comments section below.