The holders of XRP the native cryptocurrency of Ripple will soon be able to start trading with Spark (FLR) the native digital token of the smart contracts platform Flare Networks. Bitrue, the crypto asset management firm has revealed in an announcement that it is soon going to open the trading of FLR on its platform.
FLR Trading Will Start From January 6
In an official announcement made via a tweet on the 28th of December, Bitrue has claimed that it will open the trading of the Spark (FLR) token on its platform on the 6th of January. In the beginning, the firm is rolling out the FLR trading with only one trading pair that is with XRP. The firm said in the announcement that it has also decided the ratio of XRP/FLR as well.
As the firm stated:
“The $XRP: $FLR ratio has been decided, which means Bitrue will be opening FLR trading on the XRP pair starting January 6th! We’ll also be airdropping your initial FLR distribution into your accounts on December 30th.”
Bitrue will be the first exchange platform to start the trading of FLR after the snapshot which was taken on the 12th of December.
Bitrue To Launch FLR Trading With XRP While Other Exchanges Are Delisting The Coin
Where other cryptocurrency exchanges are dumping the fourth-ranked digital currency from their trading platforms, Bitrue, on the other hand, is launching the trading of FLR with XRP on its platform while indicating that it is XRP-friendly digital currency exchange.
Following the lawsuit of the Securities and Exchange Commission (SEC) against the San Francisco-based blockchain payments giant Ripple, more than four digital currency exchanges have dropped their support for XRP. 21Shares, a crypto asset manager based in Switzerland has become the latest to remove XRP from its list of exchange-traded products (ETPs). Prior to that, the major digital currency exchange Bitstamp halted the trading and deposit of the coin. Other crypto exchanges that have dropped support for XRP include CrossTower, Beaxy, and OSL. The legal battle between Ripple and SEC is expected to lead various other crypto exchanges to delist XRP from its trading platform in the coming days.