XRP is the native token of the XRP Ledger, which is the distributed open-source consensus ledger owned by Ripple (formerly Ripple Labs), a privately-held fintech company based in San Francisco. Ripple runs the global payment network, Ripple Network, on the XRP Ledger. While it operates much like blockchain, the XRP Ledger, in contrast to Bitcoin and Etherium, does not rely on Proof of Work (PoW) and therefore there is no mining involved. XRP instead uses a consensus algorithm known as the Ripple Protocol Consensus Algorithm, through which transactions are agreed upon by a supermajority (80%) of a set of trusted nodes called the Unique Node List (UNL). Ripple was first launched in 2004 by Ryan Fugger, who developed the first version of Ripple, called RipplePay. In 2013, Fugger handed it to Jed McCaleb (Mt. Gox) and co-founder and current Executive Chairman Chris Larsen. The acting CEO is Brad Garlinghouse.. XRP’s average transaction speed is 4 seconds, and because transactions do not need to be converted to fiat and then reconverted, they are significantly cheaper than other crypto-to-crypto transactions. XRP has been pre-mined with a supply cap of 100 billion tokens. Over 300 financial institutions (including American Express, MoneyGram, SBI Remit) in over 40 countries have joined Ripple and its payment network, RippleNet. For a full selection of markets where you can trade XRP for other cryptocurrencies, US dollars, and other fiat currencies, see below. 


XRP (XRP)

SK Won (KRW)

Euro (EUR)

US Dollar (USD)


UPbit	XRP (XRP)	SK Won (KRW)	690.00 KRW	0.19%	$197,329,134	8.20%

Bitstamp	XRP (XRP)	Euro (EUR)	0.48 EUR	0.60%	$27,580,174	28.02%

Bitstamp	XRP (XRP)	US Dollar (USD)	0.51 USD	0.48%	$25,513,674	14.56%

Huobi Global	XRP (XRP)	Tether (USDT)	0.51 USDT	0.47%	$6,153,350	37.64%

Bitfinex	XRP (XRP)	US Dollar (USD)	0.51 USD	0.63%	$4,342,653	29.44%

BitFlyer	XRP (XRP)	Japanese Yen (JPY)	71.65 JPY	0.57%	$3,173,781	19.93%

Bitfinex	XRP (XRP)	Bitcoin (BTC)	0.0000189 BTC	0.79%	$1,313,125	122.60%

Huobi Global	XRP (XRP)	Bitcoin (BTC)	0.0000190 BTC	0.48%	$900,931	24.66%

Bitfinex	XRP (XRP)	Tether (USDT)	0.51 USDT	0.39%	$861,921	37.39%

Bitstamp	XRP (XRP)	Bitcoin (BTC)	0.0000190 BTC	1.07%	$844,375	79.26%

Poloniex	XRP (XRP)	Tether (USDT)	0.51 USDT	0.56%	$618,041	34.25%

Bitstamp	XRP (XRP)	Tether (USDT)	0.51 USDT	0.63%	$305,056	73.56%

Bitstamp	XRP (XRP)	British Pound (GBP)	0.41 GBP	0.30%	$215,923	78.39%

Poloniex	XRP (XRP)	Bitcoin (BTC)	0.0000190 BTC	0.54%	$102,294	64.65%

UPbit	XRP (XRP)	Bitcoin (BTC)	0.0000189 BTC	1.83%	$72,442	28.33%

Poloniex	XRP (XRP)	TRON (TRX)	6.80 TRX	0.52%	$44,089	25.36%

UPbit	XRP (XRP)	Tether (USDT)	0.51 USDT	2.19%	$28,466	3.69%

Bittrex	XRP (XRP)	Bitcoin (BTC)	0.0000191 BTC	0.17%	$25,958	67.21%

Bittrex	XRP (XRP)	US Dollar (USD)	0.52 USD	0.57%	$11,652	64.47%

Bittrex	XRP (XRP)	Tether (USDT)	0.51 USDT	0.62%	$10,471	53.70%