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)

US Dollar (USD)

BUSD (BUSD)

USD Coin (USDC)

Bitcoin (BTC)

Japanese Yen (JPY)

Binance Coin (BNB)

Euro (EUR)


Binance	XRP (XRP)	Tether (USDT)	0.41 USDT	0.07%	$49,026,962	57.56%

UPbit	XRP (XRP)	SK Won (KRW)	534.00 KRW	0.19%	$48,653,686	55.85%

FTX	XRP (XRP)	US Dollar (USD)	0.41 USD	0.13%	$17,092,599	57.47%

Binance	XRP (XRP)	BUSD (BUSD)	0.41 BUSD	0.07%	$13,939,557	57.70%

Kucoin	XRP (XRP)	Tether (USDT)	0.41 USDT	0.39%	$12,514,774	62.25%

HitBTC	XRP (XRP)	Tether (USDT)	0.41 USDT	0.02%	$11,899,903	28.49%

ZB	XRP (XRP)	USD Coin (USDC)	0.41 USDC	0.10%	$6,734,288	1.80%

Binance	XRP (XRP)	Bitcoin (BTC)	0.0000140 BTC	0.01%	$5,602,381	46.63%

Huobi Global	XRP (XRP)	Tether (USDT)	0.41 USDT	0.09%	$4,878,398	52.15%

Gate.io	XRP (XRP)	Tether (USDT)	0.41 USDT	0.08%	$4,648,080	19.88%

ZB	XRP (XRP)	Tether (USDT)	0.41 USDT	0.12%	$4,429,550	45.32%

Bitstamp	XRP (XRP)	US Dollar (USD)	0.41 USD	0.07%	$3,395,918	87.94%

HitBTC	XRP (XRP)	Bitcoin (BTC)	0.0000140 BTC	0.10%	$2,739,325	30.03%

FTX	XRP (XRP)	Tether (USDT)	0.41 USDT	0.19%	$2,569,117	59.94%

Liquid	XRP (XRP)	Japanese Yen (JPY)	52.91 JPY	0.09%	$2,479,084	17.04%

Binance	XRP (XRP)	USD Coin (USDC)	0.41 USDC	0.17%	$2,172,228	59.89%

Binance	XRP (XRP)	Binance Coin (BNB)	0.0013160 BNB	0.13%	$1,796,460	26.80%

Huobi Global	XRP (XRP)	Bitcoin (BTC)	0.0000140 BTC	0.07%	$1,612,626	35.84%

Binance	XRP (XRP)	Euro (EUR)	0.39 EUR	0.13%	$1,596,184	59.23%

Bibox	XRP (XRP)	Tether (USDT)	0.41 USDT	0.01%	$1,568,486	58.26%