Gemini, a cryptocurrency trading platform, recently announced its support for the XRP Ledger (XRP), adding it to the growing list of networks supported. Deposits of XRP are now possible, with trading to begin soon. At press time, XRP was trading at $0.6294, a decrease of 3.97% within 24 hours.
Although the news has not been able to reverse the trend of the XRP token’s price dropping by more than 6% over the last seven days, the listing on Gemini is a big plus for XRP. This is because Gemini’s listing requirements are strict, and many cryptocurrencies struggle to meet them. Additionally, the recent victory against the US Securities and Exchange Commission has encouraged the XRP Community, and the availability of Ripple on Gemini Exchange is poised to make it accessible to a larger audience of traders and investors, leading to an increase in liquidity and trading volume. Moreover, Ripple has also worked hard to gain acceptance in the traditional finance world.
