Today, August 26, CEO of the Canadian trading platform CoinField, Bob Ras, revealed plans for a major project on Ripple’s XRP Ledger.
— ₿ob Ras (@bobrasX) August 25, 2019
To date, that’s all the information disclosed by the leader of the trading platform. Bob also added that the developers of CoinField have been working on this project over the past 6 months, and promised to reveal more details in September.
The cryptocurrency community was intrigued by this news.
“Perhaps xRapid enabled exchange in several fiat pairs? Just guessing … sounds more than just a normal xRapid partner exchange,” wrote one of the users on Twitter.
This isn’t the first shot of the crypto exchange aimed at the Ripple/XRP expansion. In late 2018, the Canadian trading platform added the XRP token on its platform as a base currency.
XRP Market Structure
The applications of CoinField can help XRP strengthen its position not only in the Canadian market but also in the global market as a whole.
XRP is trading at very low levels now, that may be interesting for opening long positions. On top of that, analysts are predicting a rosy future for the XRP token. Crypto trader Welson recently wagered $100,000 that XRP will surpass Bitcoin by the end of 2020.
Analysts believe that the third-largest cryptocurrency by market capitalization will reward its holders soon, demonstrating an unprecedented increase in the rate of the digital asset to a new ATH.