XRP Is Traded on More Than 100 Markets and Exchanges Worldwide
Exchanges are where people trade currencies.
There are different types of exchanges that vary depending on the type of market (spot, futures, options, swaps), and the type of security model (custodial, non-custodial).
Spot exchanges allow people to buy and sell cryptocurrencies at current (spot) market rates. Futures, options and swap exchanges allow people to buy and sell standardized contracts of cryptocurrency market rates in the future.
Custodial exchanges manage a user’s private keys, and publish centralized order books of buyers and sellers. Non-custodial exchanges, also known as decentralized exchanges, do not manage a user’s private keys, and publish decentralized order books of buyers and sellers on a blockchain.
Top Exchanges, according to CryptoCompare (as of August 2020):
Disclaimer: This information is drawn from other sources on the internet. XRPL.org does not endorse or recommend any exchanges or make any representations with respect to exchanges or the purchase or sale of digital assets more generally. It’s advisable to conduct your own due diligence before relying on any third party or third-party technology, and providers may vary significantly in their compliance, data security, and privacy practices.