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)

Tether (USDT)

SK Won (KRW)

BUSD (BUSD)

US Dollar (USD)

Bitcoin (BTC)

Euro (EUR)

USD Coin (USDC)

Turkish Lira (TRY)

Japanese Yen (JPY)


Binance	XRP (XRP)	Tether (USDT)	0.41 USDT	0.79%	$96,121,001	15.68%

UPbit	XRP (XRP)	SK Won (KRW)	517.00 KRW	1.27%	$80,047,946	15.46%

Binance	XRP (XRP)	BUSD (BUSD)	0.41 BUSD	0.76%	$41,696,494	18.75%

Kucoin	XRP (XRP)	Tether (USDT)	0.41 USDT	0.80%	$12,731,757	7.61%

HitBTC	XRP (XRP)	Tether (USDT)	0.41 USDT	0.81%	$10,843,482	29.14%

Bitstamp	XRP (XRP)	US Dollar (USD)	0.41 USD	0.75%	$7,973,312	38.06%

Binance	XRP (XRP)	Bitcoin (BTC)	0.0000179 BTC	0.80%	$6,376,570	20.74%

Bitstamp	XRP (XRP)	Euro (EUR)	0.38 EUR	0.89%	$4,336,433	79.16%

Huobi Global	XRP (XRP)	Tether (USDT)	0.41 USDT	0.81%	$3,049,675	37.96%

Kraken	XRP (XRP)	US Dollar (USD)	0.41 USD	0.72%	$2,088,304	18.59%

Poloniex	XRP (XRP)	Tether (USDT)	0.41 USDT	0.76%	$1,873,999	9.99%

Kucoin	XRP (XRP)	USD Coin (USDC)	0.41 USDC	0.79%	$1,685,617	15.96%

Bibox	XRP (XRP)	Tether (USDT)	0.41 USDT	0.85%	$1,611,583	16.90%

Gate.io	XRP (XRP)	Tether (USDT)	0.41 USDT	0.82%	$1,524,810	56.88%

Kraken	XRP (XRP)	Euro (EUR)	0.38 EUR	0.85%	$1,267,604	44.46%

Binance	XRP (XRP)	Turkish Lira (TRY)	7.85 TRY	0.41%	$1,135,209	7.74%

Bitfinex	XRP (XRP)	US Dollar (USD)	0.41 USD	0.73%	$900,972	33.85%

Binance	XRP (XRP)	Euro (EUR)	0.38 EUR	1.11%	$884,574	59.92%

BitFlyer	XRP (XRP)	Japanese Yen (JPY)	53.44 JPY	0.00%	$870,448	0.00%

Gate.io	XRP (XRP)	US Dollar (USD)	0.41 USD	0.74%	$784,006	44.42%