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)

Tether (USDT)


UPbit	XRP (XRP)	SK Won (KRW)	758.40 KRW	1.95%	$98,497,905	15.42%

Huobi Global	XRP (XRP)	Tether (USDT)	0.53 USDT	1.30%	$26,664,361	24.62%

Coinbase Pro	XRP (XRP)	US Dollar (USD)	0.53 USD	1.26%	$25,754,500	34.84%

Bitstamp	XRP (XRP)	Euro (EUR)	0.49 EUR	1.32%	$24,130,176	9.88%

Poloniex	XRP (XRP)	Tether (USDT)	0.53 USDT	1.29%	$17,225,131	9.77%

Bitstamp	XRP (XRP)	US Dollar (USD)	0.53 USD	1.28%	$8,859,856	8.59%

BitFlyer	XRP (XRP)	Japanese Yen (JPY)	81.98 JPY	1.40%	$3,037,858	2.55%

Bibox	XRP (XRP)	Tether (USDT)	0.52 USDT	1.30%	$2,560,816	62.47%

Bitfinex	XRP (XRP)	US Dollar (USD)	0.53 USD	1.31%	$1,498,496	2.69%

Coinbase Pro	XRP (XRP)	Tether (USDT)	0.53 USDT	1.37%	$985,745	9.07%

Gemini	XRP (XRP)	US Dollar (USD)	0.53 USD	1.23%	$785,728	26.60%

Coinbase Pro	XRP (XRP)	Euro (EUR)	0.49 EUR	1.38%	$764,487	7.42%

Bitfinex	XRP (XRP)	Tether (USDT)	0.53 USDT	1.26%	$713,490	34.97%

Bitstamp	XRP (XRP)	Bitcoin (BTC)	0.0000082 BTC	1.31%	$534,427	20.85%

Bibox	XRP (XRP)	Bitcoin (BTC)	0.0000081 BTC	0.00%	$470,529	0.00%

Bitstamp	XRP (XRP)	Tether (USDT)	0.53 USDT	1.38%	$382,598	149.14%

Huobi Global	XRP (XRP)	Bitcoin (BTC)	0.0000082 BTC	1.53%	$283,889	274.98%

Bitfinex	XRP (XRP)	Bitcoin (BTC)	0.0000082 BTC	1.30%	$192,096	0.86%

Binance US	XRP (XRP)	Tether (USDT)	0.53 USDT	1.39%	$131,484	16.39%

Bitstamp	XRP (XRP)	British Pound (GBP)	0.42 GBP	1.74%	$87,644	48.41%