CoinCola is a pioneer of OTC crypto trading. CoinCola recently added XRP as a currency that can be traded through their OTC platform. CoinCola allows clients to trade fiat currency such as Bitcoin Cash, Ethereum and Litecoin. XRP will be a welcome addition to their already extensive range of options.
OTC Trading
CoinCola’s customers enjoy significant benefits from OTC trading. Large institutions also use the same framework because of its efficiency and speed. Instead of dealing directly with a market-maker traders and investors can trade directly and save money on trading costs.
CoinCola has been a prominent player in crypto trading, and has created a platform to help keep trading costs down. The addition of XRP to the existing range of cryptos only enhances an already strong offering of trading options.
Marketplace
CoinCola offers safety in a wild marketplace. Initial Coin Offerings (ICOs) have had a difficult year. ICOs were a huge success last year, with billions of dollars raised. However, many of these ICOs are now known to be frauds. CoinCola provides its users with the security of escrow so that they can trade and purchase the assets they want.
CoinCola allows its clients to buy and sell Bitcoin and Ethereum, Bitcoin Cash and Bitcoin. The platform also allows users to buy cryptos directly with local fiat currencies.
CoinCola’s mobile app-enabled platform is worth looking at, regardless of whether the client’s goal is to trade or invest in the short-term.
XRP
It is gaining ground. 2018 started with a bang for XRP. As the year progressed, XRP became the second largest crypto in terms of total market value. It has overtaken ETH on a continuous basis in the last month and is now second to BTC in terms market cap.
Ripple was created to facilitate international transactions, unlike other cryptos that were not designed for a particular market. Ripple has been able to secure agreements with some of Japan’s most important banks.
Cory Johnson, Chief Market Strategist at Ripple told Techonomy 2018 that,
“We have around 100 customers paying, we’ve moved over $1 billion on the network, and we’re expanding our network. When I joined the company 9 months ago, they were closing one deal per week. It’s now 6 days.
CoinCola recognizes how important XRP is going forward and is happy to see a ‘crypto-company’ attract so many clients.
Substantial Advantages
OTC markets are preferred by institutional investors because of their lower fees.
OTC transactions are generally cheaper than on-exchange purchases because the exchange is only responsible for ensuring both parties are up-and-up. CoinCola’s OTC Exchange is a price-efficient platform that allows users of all sizes to benefit from an OTC trading structure.
CoinCola offers customers free deposits. CoinCola also offers trading pairs for those who want to be market-makers. CoinCola will add XRP to the list of majors, so traders can access the second-most expensive crypto issuance in the globe.