Hbus, the operator of the United States-based version of major crypto exchange Huobi.com, has today launched three trading pairs for XRP. The news was announced in a press release shared with Cointelegraph on April 18.
According to the announcement, the three XRP trading pairs are to be USD-XRP, bitcoin (BTC)-XRP, and tether (USDT)-XRP. XRP deposits are set to open 12:00 a.m. PST today, while trading and withdrawals for the three pairs will go live tomorrow, April 19, at 12:00 a.m. PST.
According to Hbus CEO Frank Fu, XRP is the platform’s 20th listed digital asset, bringing Huobi.com’s total trading pairs up to 51.
The press release characterizes XRP as a “strong performing coin with broad utility and volume.” It points to XRP creator Ripple’s multiple partnerships to drive adoption of its cross-border payments network RippleNet.
To press time, XRP is currently the third largest cryptocurrency, with a market capitalization of roughly $14.2 billion, according to CoinMarketCap data.
As previously reported, the Huobi.com marketplace first launched under the name of Hbus in June 2018 as a strategic partner of Huobi Group — the operator of the flagship Huobi Global crypto exchange — currently ranked 8th globally. Trading services on the U.S. platform went live in July 2018. In January of this year, its San Francisco-based operator, Hbus, rebranded the Hbus exchange to Huobi.com.
To press time, Huobi.com is ranked 183rd crypto exchange globally, seeing roughly $90,000 in trades over the past 24 hours.