XRP Is Officially Supported On Crypto Exchange Coinhako Backed By Bitcoin Billionaire Tim Draper


XRP adds a new name on the list of crypto exchanges that support the digital asset.

Coinhako officially supports XRP

Coinhako crypto exchange was founded in Silicon Valley back in 2014 by Yusho Liu who was the CEO and Gerry Eng the CTO.

It is backed by the well-known venture capital companies such as Tim Draper’s Draper Associates and DFJ, Terrence Yang’s Yang Ventures and boost VC.

The firm is now based in Singapore, and it managed to become one of the leading crypto wallet providers in the country.

Back in January Coinhako revealed that it had become “the world's first platform to offer 100 fiat-crypto pairings” with support for “a total of 25 cryptos for Singapore, Malaysia, Indonesia, and Vietnam.”

At the beginning of 2018, among the newly supported coins, there was also Ripple’s XRP.

“Our recent additions to the Coinhako platform not only puts us at the top for a variety of cryptocurrency and fiat trade pairings, it also showcases our leading infrastructure and technical expertise of the team,” Yusho Liu, CEO, and co-founder of Coinhako said back in 2018.

XRP was then pulled back from the release due to technical reasons and just these days it became officially supported.

The crypto exchange strongly believes that XRP will help trigger increased adoption in the Southeast Asia region.

Ripple has a small victory in the US securities class-action lawsuit

Coindesk reveals that a judge has ruled that an ongoing class-action lawsuit against Ripple will have to remain in federal court and this would potentially give the payments company a small advantage to go forward.

This is a “minor but meaningful victory” for the company, according to attorney Jake Chervinsky.

Other than this, Ripple slammed accusations claiming that they paid their way on the platform.

In order to respond, Ripple’s head of XRP markets Miguel Vias says that Ripple didn’t pay Coinbase anything to list XRP.

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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