CYBEX will officially list Ripple（XRP）on 14:00, Dec 3, open XRP/ETH、XRP/CYB、XRP/USDT trading pairs and enable its deposit/withdraw.
Official Website: https://dex.cybex.io/
1.What is is Ripple（XRP）？
Ripple (XRP) is the underlying currency of Ripple network, which can be circulated throughout the network, with a total number of 100 billion, and is gradually decreasing as transactions increase. Ripple is operated by Ripple Labs (formerly as OpenCoin).
XRP is the only common currency in the ripple system. It is different from other currencies in the system. Other currencies such as CNY and USD cannot be cashed out across the gateway. In other words, the CNY issued by the A gateway can only be cashed out at the A gateway. If you want to withdraw cash from the B gateway, you must convert it to the B gateway's CNY through the pending order function of the system to withdraw it to the B gateway. But Ripple has no such restrictions at all, it is universal in the ripple system.
Like many bitcoins, Ripple (XRP) is a cryptocurrency based on math and cryptography, but unlike Bitcoin, which has no real use, XRP has the main bridging currency and guaranteed security features in the Ripple system, which guarantees security, and the latter is indispensable, which requires that the gateway participating in this protocol must hold a small amount of XRP.
Know more about token info:https://cybex.io/en/asset_infos
Hope you have a great time!
Nov 29, 2018
Find us on