Eterbase, a centralized exchange launched in May 2019, is based in Bratislava, Slovakia. On May 22, Eterbase announced the addition of XRP to its trading platform.

“As we strive to increase our userbase alongside improving the overall user experience, our goal is to offer our users a wide range of top quality cryptocurrencies,” said Eterbase’s announcement. “We are proud to announce a new addition to our exchange: XRP will be added to the list of tradeable assets on Eterbase exchange and paired against EUR and BTC.” At the time of writing, the 24H volume on Eterbase is a little less than 1 million Euro.

Eterbase describes XRP as a digital asset built for payments: “It is the native digital asset on the XRP Ledger — an open-source, permissionless, and decentralized blockchain technology that can settle transactions in 3–5 seconds. XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently.”

“Faster, less costly, and more scalable than any other digital asset, XRP and the XRP Ledger are used to power innovative technology across the payments space” according to Eterbase. “Ripple is focused on building technology to help unleash new utility for XRP and transform global payments. Third parties are also pursuing other XRP-related use cases.”

Finally, Eterbase acknowledges that “RippleNet customers can use XRP for sourcing liquidity in cross-border transactions, instead of pre-funding — ensuring instant settlement, lower exchange fees, and more efficient use of working capital.”

About Eterbase

Eterbase is a cryptocurrency exchange platform with a focus on crypto to SEPA integration (via individual IBAN accounts), multi-asset support, and regulatory compliance. Eterbase aims to become a fully compliant platform that offers a broad range of B2C and B2B cryptocurrency-specialized solutions, such as a high-frequency trading platform, over-the-counter trading, treasury management and high-frequency server hosting with a direct-market access and incentive system for market makers in the form of negative trading fees.

Note: This is not an endorsement of this exchange. Always do your own research before using any exchange or service.

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