- Ripple USD (RLUSD) has been listed on LMAX Digital, further expanding its presence after already being supported by major exchanges like Bullish and Bitstamp.
- With a market capitalization nearing $170 million, RLUSD continues to gain traction, driven by strong trading activity on Bullish and increasing exchange adoption.
Ripple USD (RLUSD) continues its rapid expansion in the cryptocurrency market as LMAX Digital becomes the latest major trading platform to support the stablecoin. This move, announced on Wednesday, marks another milestone in RLUSD’s growing adoption.
Since its launch in December, RLUSD has been gaining traction among crypto traders and investors. The stablecoin is already listed on major exchanges such as Bullish and Bitstamp. With LMAX Digital now adding RLUSD to its offerings, more traders will have access to the token, potentially increasing liquidity and market stability.
Among the exchanges supporting RLUSD, Bullish has emerged as the dominant player. The platform’s RLUSD/USDC and XRP/RLUSD trading pairs account for more than half of the stablecoin’s total trading volume. This strong presence underscores Bullish’s role in shaping the RLUSD market and driving adoption among traders.
Despite being a relatively new entrant in the stablecoin space, RLUSD has quickly amassed a market capitalization of nearly $170 million. This growth reflects increasing investor confidence in the token and its utility within the broader crypto ecosystem.
LMAX Digital’s Continued Support for Ripple Assets
LMAX Digital has a history of backing Ripple-related assets, having initially listed XRP in 2018. By adding RLUSD to its trading platform, LMAX Digital reinforces its commitment to Ripple’s ecosystem and strengthens its position in the competitive crypto exchange landscape.
With RLUSD now available on multiple major exchanges, its future looks promising. As more platforms embrace the stablecoin and liquidity improves, RLUSD could become a key player in the stablecoin market, offering traders a reliable digital asset for transactions and trading pairs.
The addition of RLUSD to LMAX Digital signals continued growth and adoption, further solidifying its place in the evolving cryptocurrency space.
