It was designed as a replacement for SWIFT payments and works as a trusted agent between two parties for financial transactions.
What’s more, is that it can be used to handle exchanges for fiat currencies and even other cryptocurrencies, it also has its own native cryptocurrency: XRP.
As a coin aimed at mainstream financial institutions, XRP is popular with thematic investors and day traders. XRP is wholly owned by Ripple – it’s pre-mined and has a total supply of 100 billion tokens.
There are many reasons why OANDA stands head and shoulders above other providers for crypto trading.
OANDA Crypto offers a wide range of cryptos to trade, including Ripple, Bitcoin, Ethereum, Litecoin, XRP and Chainlink. A full list of available assets is available here.
You can trade Ripple via our website, or the OANDA Crypto app, available for iOS and Android.
These vary depending on the asset that you want to trade. You’ll find the minimum and maximum order sizes on our fees page – they’re labelled as minimum order size and maximal order size respectively.