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)

US Dollar (USD)

Euro (EUR)

Ethereum (ETH)

Japanese Yen (JPY)

Bitcoin (BTC)

USD Coin (USDC)

British Pound (GBP)


UPbit	XRP (XRP)	SK Won (KRW)	718.80 KRW	2.49%	$48,313,959	44.33%

Poloniex	XRP (XRP)	Tether (USDT)	0.53 USDT	2.84%	$20,064,988	9.77%

Huobi Global	XRP (XRP)	Tether (USDT)	0.53 USDT	3.09%	$15,490,642	8.40%

Bitstamp	XRP (XRP)	US Dollar (USD)	0.53 USD	3.07%	$2,670,823	61.05%

Bitstamp	XRP (XRP)	Euro (EUR)	0.48 EUR	3.31%	$1,854,482	90.65%

Bibox	XRP (XRP)	Tether (USDT)	0.53 USDT	3.10%	$1,777,304	5.60%

Bibox	XRP (XRP)	Ethereum (ETH)	0.0002304 ETH	0.45%	$1,333,016	22.26%

BitFlyer	XRP (XRP)	Japanese Yen (JPY)	75.49 JPY	3.12%	$1,301,630	56.77%

Bitfinex	XRP (XRP)	US Dollar (USD)	0.53 USD	3.12%	$563,721	45.33%

Bitfinex	XRP (XRP)	Bitcoin (BTC)	0.0000097 BTC	2.54%	$292,328	45.85%

Gemini	XRP (XRP)	US Dollar (USD)	0.53 USD	3.03%	$253,533	47.35%

Bitstamp	XRP (XRP)	Bitcoin (BTC)	0.0000097 BTC	2.38%	$168,579	35.06%

Bitfinex	XRP (XRP)	Tether (USDT)	0.53 USDT	3.05%	$156,857	55.92%

Bibox	XRP (XRP)	USD Coin (USDC)	0.53 USDC	0.00%	$111,694	0.00%

Binance US	XRP (XRP)	Tether (USDT)	0.53 USDT	2.94%	$102,974	24.77%

Bitstamp	XRP (XRP)	Tether (USDT)	0.53 USDT	2.53%	$87,608	19.25%

UPbit	XRP (XRP)	Bitcoin (BTC)	0.0000097 BTC	2.26%	$49,935	3.61%

Bitstamp	XRP (XRP)	British Pound (GBP)	0.40 GBP	3.14%	$47,880	27.80%

Huobi Global	XRP (XRP)	Bitcoin (BTC)	0.0000098 BTC	2.89%	$32,255	38.75%

UPbit	XRP (XRP)	Tether (USDT)	0.53 USDT	2.66%	$2,099	90.76%