Ripple’s XRP shines with 22 trading pairs support on Canada’s CoinField Exchange

One of Canada’s newest cryptocurrency exchange, CoinField has gone live with 22 trading instruments. All the 22 digital assets will trade against Ripple’s XRP. CoinField has announced earlier that its exchange platform will use XRP as the base currency.

The exchange is based in Vancouver has since inception in December 2017 prepared for the grandest launches. Besides, it revealed in September 2018 that XRP is the preferred base currency. The exchange markets itself as “Canada’s top cryptocurrency exchange platform with the largest portfolio of coins available in Canada.”

The trading on CoinField is currently live with 22 trading pairs and is accessible to 61 countries around the world. CoinField tweeted that “the platform is now live in 61 countries! Enjoy trading 20 #XRP based pairs as low as 0.05% commission fee,” on November 2. Although the 22 trading pairs are crypto based, CoinField has added support for fiat trading pairs bringing the total number of pairs to 28. Some of the fiat pairs include USD, EUR, GDP, JPY and UAE. The exchange explains that its matching engine has been upgraded and is:

"Capable of making up to 75,000 trades per second, or up to 1.5 million API calls per second."

The support that XRP is going to receive on this exchange is massive. Besides, Canada’s cryptocurrency landscape is growing rapidly. However, the government postponed the plans to review cryptocurrency guidelines until sometime in 2019.

XRP/USD is currently trading at $0.465 after a subtle 0.72% bearish correction. The $18 billion asset still holds the 3^rd position in the market and has a 24-hour trading volume of $404 million.

Find the latest Ripple’s XRP price analysis here.