What is Ripple (XRP)?
Ripple is an independent digital asset that is native to the XRP Ledger. It is a cryptocurrency that was never actually intended to be a cash alternative and is mostly used by corporate institutions rather than individuals. Sending Ripple coins from one wallet to another only takes a few seconds; however, it’s a much more centralized process compared to competitors, since Ripple Labs controls the supply of XRP.
Read the Ripple whitepaper.
What is XRP’s value now?
What gives XRP its value?
Ripple is faster than Bitcoin. A transaction on the Ripple network will take several seconds, but a transaction on the Bitcoin network will take several minutes. This speed has made it attractive to banks and financial institutions, who have been actively exploring the benefits of blockchain technology for some time.
Buy and sell XRP for fiat currency
Currently, you cannot purchase XRP on our OTC marketplace. You can, however, buy Bitcoin, Ethereum or USDT, and then proceed to buy XRP on the spot market.
If you already own crypto, simply deposit the amount into your AAX account and trade it against XRP.
Trade XRP against other cryptocurrencies
On AAX, you can trade XRP against Bitcoin, Ethereum and USDT. AAX also lists perpetual futures contracts for XRP.
Trade anytime, on the go
Why trade with AAX?
Powered by LSEG Technology’s cutting edge matching engine, which is also at the heart of London Stock Exchange, and other traditional financial markets, AAX is a next-generation cryptocurrency exchange.
Integrity comes first
AAX is fully AML/KYC compliant and transparent.
Multi-layered security systems, robust custody, fully audited.
Multi device support
Trade on browser, iOS, and Android app. AAX supports API.
Trade across OTC, Spot, and Futures, deposit and withdraw, in one seamlessly integrated account.
What can you do once you own XRP?
Some users hold on to their XRP with the expectation of it increasing in value. You can store your XRP safely on your AAX account, a separate hot wallet or in cold storage.
You can trade XRP against other cryptocurrencies on AAX. You can also hedge against your position with perpetual futures contracts for XRP.
From your AAX account, you can easily transfer value around the world. You can buy XRP online and send it to anyone and anywhere with a wallet that supports XRP.