Ripple: Coin Down; XRP Listed on SBI Holdings Crypto Exchange


XRP may be down on the market this Monday morning, but don’t think for a minute that we don’t have some major Ripple news for you! Ripple, the crypto and payments startup, has made headlines today, for two different reasons. 

So, should we jump right in? In this article, we will be looking at the following: Ripple news and Ripple price news.

Ripple News | June 4, 2018

Crypto enthusiasts woke up Monday to copious amounts of Ripple news. Two Ripple (XRP) headlines have attracted the crypto community today, with the first being the news that Japanese SBI Holdings will be launching a crypto exchange that focuses on trading XRP.

Let’s look at these two announcements in more detail.

SBI Holdings Launching Crypto Exchange

On Monday, SBI Holdings announced that it will be launching a crypto exchange. The crypto exchange will be called VCTRADE. Many have been waiting for this day for a while, considering SBI Holdings initially announced the crypto exchange back in 2016.

Right now, however, the SBI Holdings crypto exchange is only going to focus on trading XRP. That said, the Japan-based financial institution has earmarked support for BCH. Perhaps this will happen once the SBI Holdings crypto exchange gets some crypto trading experience under its belt.

Many were excited about the news, particularly the XRP community.

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Ripple Donates $50M to Universities

This is another piece of Ripple news circulating around and making waves. On Monday, it was announced that the company donated $50 million to 17 different universities. If you’re wondering if this donation is in XRP, we have the answer to that: it’s not. The $50M will be paid in dollars.

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