Users can now trade XRP on SaitaSwap, as the DEX recently announced listing the asset.
UAE-based decentralized exchange (DEX) and non-custodial crypto wallet SaitaSwap has listed XRP, allowing users to trade the asset on the platform. The move comes when the legal tussle between Ripple and the SEC is nearing its terminus.
SaitaSwap disclosed the development through its official Twitter handle on Monday. According to the exchange, the XRP listing is one of its most anticipated listings, indicating a pattern of growing demand from clients.
“The most anticipated listing for SaitaSwap is live now.” SaitaSwap disclosed in a recent tweet.
The most anticipated listing for #SaitaSwap is live now.
Welcome #XRPArmy to @WeAreSaitama #XRP @Ripple_XRP1 is now listed on #SaitaSwap
💥trading now on https://t.co/tUx8AqH9pT
Live soon after on #SaitaPro here https://t.co/hg0O8FwJ7J & https://t.co/8QzVeuvHnu. https://t.co/y6UeJwJYrE pic.twitter.com/YNyvZ3cIVG
— SaitaSwap (@Saita_Swap) December 5, 2022
According to the announcement, XRP trading is exclusively on the desktop version of the exchange, with support for the asset coming soon on the Android and iOS versions of the platform, dubbed Saita Pro. The development has unsurprisingly been received well by both the XRP community and SaitaSwap users.
Co-founder and Chief Finance Officer at Saitama, Manpreet Kohli echoed the disclosure as a means to bring the disclosure to a broader audience. In a recent tweet, Kohli highlighted the need to support large communities such as the XRPArmy, and to give them a safe platform.
Big communities should be celebrated and be given a safe platform with certainty.
Today @Saita_Swap has welcomed #XRP where we prove that Decentralization is the way forward. Your keys and your Crypto 🔑 #SaitaPro #Saitama #Epayme #DeFi https://t.co/78SHR26HJV
— Mkay Saitama (@mannythehitman) December 5, 2022
Being a non-custodial platform, tokens on SaitaSwap are held with utmost confidence. Kohli further asserted that XRP’s value and utility would soon attract mass adoption from major financial institutions.
We have seen the headline of a Top-Tier Exchange delisting #XRP as an opportunity to once again showcase that without a community there is no #Crypto
We believe in the value and use case of XRP which will soon be adopted by all financial institutions.@Ripple #SaitaPro #XRPArmy
— Mkay Saitama (@mannythehitman) December 5, 2022
The Crypto community welcomes the SaitaSwap listing. @Martje2018 write:
#XRP has 249K Holders on the #BNBChain 😱🔥🚀
Let’s bring them to #SaitaSwap 📱🔥#crypto #cryptocurrency #Saitama #SaitaPro #Election2022 pic.twitter.com/i3OlkTixEV— Martje 👉Download📱 #SaitaPro (@Martje2018) December 5, 2022
@Moltmoney says:
Good morning!! ☀️ I often get asked the question, where can I get #XRP ?! We asked the #Saitama dev to make this happen on #SaitaPro & they answered!! Congrats to the #SaitamaWolfPack & #XRPArmy !!
— Molt Money🌎 (@MoltMoney) December 5, 2022
@Spiggy says:
#XRP is now available on #SaitaSwap
Great adding, I think many was waiting for it, there we go.#SaitaPro is getting bigger and bigger, quality work, quality delivery.
Welcome to the #XRPCommunity to the #SaitamaWolfPack ecosystem.
Unity in this #cryptospace 💙🫡#DeFi 🌟 pic.twitter.com/hIPUbruWrc
— ~ 🏄🏾♂️ Spiggy🤘🏽 ~ (@Spigg1115) December 5, 2022
Launched in August, SaitaSwap has been on a relentless growing path. Barely a week following its launch, the platform saw $10M in staked assets by users, indicating a sharply-increasing adoption rate. As a means to expand its asset support, the exchange listed Bone ShibaSwap (BONE) in September, as previously reported.
The recent XRP listing is another move aimed at expanding its token support, and it comes at a time when the broader crypto markets are staging a comeback against the bears. XRP, in particular, has gained by 3.52% in the past week to trade at $0.3924 as of press time. All attempts to reclaim the $0.40 zone since December 1 have been met with a sharp rejection.
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Source: https://thecryptobasic.com/2022/12/05/saitaswap-lists-xrp-says-xrp-is-its-most-anticipated-listing/?utm_source=rss&utm_medium=rss&utm_campaign=saitaswap-lists-xrp-says-xrp-is-its-most-anticipated-listing