Ripple XRP release and maintenance

5 Jul 2018 14:51
Nicholas Fletcher, Customer Experience Officer

We are excited to announce the imminent launch of our 5th cryptocurrency – Ripple XRP.  XRP is the native currency of the Ripple Transaction Protocol.  It is primarily used as a bridge currency for when two entities wish to trade different currencies where no pair exists.

We will be releasing this with an introductory brokerage fee of 0.1% (for XRP only), this will last for two weeks so ensure you get your trades in early!

Timing:

We will be performing system maintenance and upgrades on Saturday 7th July at 1pm (AEST).  We expect this to last approximately 6 hours and during this time you will not be able to access your Independent Reserve account.  Once this completes, XRP will be available for trading.

Please be aware that there will likely be low liquidity for the first week or two as the market builds.  We recommend that customers place limit orders rather than market orders until local volatility settles down.