Peer-to-peer Trading of XRP Against Major Cryptos Now Available

Huobi OTC users will now be able to trade Ripple(XRP) for Bitcoin(BTC), Ether(ETH), Tether(USDT) and EOS in addition to Huobi’s own token Huobi Token (HT) and USD stablecoin HUSD according to the press release. 

Livio Weng, Huobi Global CEO, is quoted in the press release as saying that Huobi OTC is the main platform for Huobi global users who prefer to trade on a peer-to-peer basis and “very important to our overall trading ecosystem”

XRP prices were relatively unchanged on the news. In fact, in spite of all the positive news regarding Ripple in the last few weeks, XRP has traded in a range of 0.29 to 0.34 in the last 30 days, meeting stiff resistance at 0.34 on 2 occasions. The price action is similar to other major cryptos including BTC and ETH who have also struggled to break out of a range.