Ripple (-XRP) listed in the Exchange LMax – Ripple (-XRP) continues to make waves in the crypto. Yesterday, the stock is listed on the new crypto LMax. Although we are accustomed to the crypto news added to new exchanges, this one is different. First, LMax has the reputation as one of the largest and most liquid stock on the planet, and now into crypto, with a platform that is designed for institutional players. According to the news release LMax, this Exchange will allow institutional players to trade the most liquid cryptos in the market. Specifically, they will register a Bitcoin, Litecoin, Ethereum, Bitcoin and Cash. This is a big problem for Ripple (-XRP) due to a number of reasons.
First, we are likely to see an increasing number of institutional investors who put money into a crypto will be listed by the LMax. Ripple (-XRP) is one of the most profitable. That's because it has been widely accepted in the circle of the institution. Up to this point, ripple (-XRP) has been adopted by more than 100 banks. Thus, the platform on which the institutions can trade in them, in an environment of high liquidity will be a huge boost to its value.
Then there is the increased legitimacy of cryptos LMax listed in the eyes of investors. Exchange of LMax have been in the business for years, and have institutional clients in more than 100 countries. It is an indicator that it is a reputable exchange, that its decision was based on facts and solid research. Thus, the fact that it has ripple (-XRP) as one of cryptos listed is a huge boost for the legitimacy of ripple (-XRP). Looking ahead, we are likely to see an increasing number of investors who put money into their Ripple (-XRP) on the basis of legitimacy and stability.
However, the greatest boost to Ripple follow list LMax is the volume of trade. According to the company's web site, LMax currently has traded more than $100 trillion fiat. Now, if only a fraction of these can enter the crypto, and more specifically into the Ripple (-XRP), Ripple could see its value go up significantly. This is the most important right now because the number of crypto has declined. Because surging volume may trigger a large increase in Ripple (-XRP) in the near future. In fact, if billions can flow to the Ripple (-XRP) every day through the LMax, the value of this crypto can easily penetrate above $1 in a couple of days ahead.
So why is this news hasn't raised prices Ripple (-XRP)? Well, that's partly because people are getting used to the news about the new Exchange list. So, it may not have a direct impact on the value of the Ripple. However, in a few weeks, when institutional money starts flowing to cryptos registered at LMax, the Ripple will be months. That's why with the current low prices, Ripple (-XRP) is a good bet. His upside potential is enormous.
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