Canadian cryptocurrency exchange Coinsquare is excited to announce a new collaboration. The platform is now offering support for Ripple (XRP).
As stated in a blog post on Coinsquare website, Ripple’s coin XRP is currently in beta testing phase. Even so, users are able to make deposits, trade and convert XRP into fiat as well as virtual currencies. The only barrier is that XRP withdrawals are still unavailable.
„Our team is working hard to have XRP withdrawals implemented as soon as possible,“ Coinsquare wrote.
Also, users are required to be careful when storing XRP and not omitting the XRP tag. Otherwise, their funds will be lost.
“XRP has been a highly requested asset which we are thrilled to now be offering to Canadians. Now that we have the technical infrastructure built out to add more currencies safely and efficiently, I’m excited to announce that we will be adding more coins to our offering in the near future,” Cole Diamond, Coinsquare CEO, claimed in a company statement.
“The carefulness that we took with listing XRP will enable us to more seamlessly support coins moving forward, and has allowed Coinsquare to have the groundwork in place for more streamlined expansion,” explained Thomas Jankowski, Chief Digital and Growth Officer of Coinsquare.
As it describes itself, Coinsquare is “Canada’s most secure digital currency trading platform,” holding a “95% cold storage policy on all digital currency.” The platform was launched in 2014 and is listing the following crypto assets: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), and DASH.
The news comes less than a month after Coindoo revealed Coinsquare is almost ready to expand to Japan. The final step was to receive the approval from Japan’s regulatory body.
In addition, Coinsquare has recently launched its Coin Capital Investment Management Inc. (Coincapital) aimed to provide financial assistance regarding blockchain, crypto, AI and other related technologies.