Atlantis Exchange, a registered exchange with the US Treasury Department, has announced its support for XRP trading, marking a significant milestone for Ripple’s digital asset. The trading of XRP on the platform started on March 17, paired with USDB, while the deposit feature became available on March 13. It’s important to note that XRP deposits are supported on the BNB Chain (BEP20) network, as Atlantis Exchange has not integrated the XRP Ledger into its platform yet. The trading fee for XRP has been set at 0.2%. However, users will have to wait until March 20 to make withdrawals.
Atlantis Exchange justified its decision to support XRP trading by highlighting the asset’s crucial role in cross-border payments and its status as the primary native token for the XRPL. The exchange positions itself as a leading platform in the crypto space, boasting registration with US regulators and claiming to be fully registered with the United Nations.
Despite accusations of being a scam in a YouTube video, Atlantis Exchange’s integration of XRP is expected to boost the asset’s price. Crypto analyst “Bobby A” predicts that XRP has the potential to reach between $8 and $13. He initially made this prediction in July 2023 and renewed it in January during a turbulent period in the crypto market. However, he cautioned investors against FOMO and emphasized that the market does not move in a straight line.
It’s worth noting that another analyst had previously predicted that XRP could reach $450, as reported by Crypto News Flash. Currently, XRP is trading at $0.61, with a 3% decline year-to-date.