Korean Crypto Exchanges Shake Up the Market: XRP Gets a New Name!

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🚀 Brace yourselves, crypto enthusiasts! Popular cryptocurrency XRP just experienced a peculiar yet significant shift in the Korean crypto investment scene. Today, three of South Korea’s largest crypto exchanges – Coinone, Upbit, and Bithumb – dropped a bombshell announcement: XRP has been renamed! 🤯

But wait, what’s the confusion? XRP is now the new name for the cryptocurrency that most of the crypto market has been calling it. However, for the South Korean market, it was Ripple coin until the recent change. It’s no wonder people often mix up Ripple and XRP. 🤔

The XRP token was originally called “Ripple,” and the San Francisco-based company holds a whopping 37.43 billion XRP, equivalent to about $91 billion. On top of that, Jed McCaleb was a key figure in the creation of both Ripple and the XRP Ledger but later moved on to build Stellar (XLM). 💰



Even the author of this article was confused about Ripple and XRP when he first started working at U.Today, for which he received some clarification from the community of fans of this cryptocurrency. 😅

But as you can see from South Korea, it’s not that XRP = Ripple is a misconception, but rather that the old association is starting to be rectified. 🤝

Yes, the price action of cryptocurrencies still largely depends on the actions and news from the crypto company side. However, as the SEC’s legal showdown against Ripple has shown, these are all separate entities, and one does not belong to the other. 💼

It will be interesting to see how the community welcomes such changes from Korean platforms and if this trend will continue to other markets. 🌍

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2025-02-07 17:51