Ripple’s On-Demand Liquidity partner Bitso is based in Mexico and it’s arguably the largest cryptocurrency exchange in Latin America.
XRP liquidity on the exchange has been consistent in its daily growth. These records indicate the increase in the user base of the exchange which directly and positively impacts its daily transaction volume
New All-Time High Recorded by XRP Liquidity on Bitso Exchange
According to Liquidity Index Bot, XRP liquidity has just attained a new all-time high on Bitso.
Going by the report, the liquidity index for XRP/MXN based on a 28-day moving trend, with 79% day progress recorded 20,185,207, surpassing the previous 18,782,746 all-time high.
Liquidity Index Bot shared, “Liquidity Index for Bitso XRP/MXN (28-day moving trend) Day progress: 79% Today so far: 20,185,207 All-Time High: 18,782,746.”
— Liquidity Index Bot (@LiquidityB) February 16, 2020
A closer look at the above chart indicates that the growth in the liquidity of Ripple’s digital token XRP against Mexican Peso on Bitso exchange has been consistent since 17th September 2019.
Obviously, the increase rate has been tremendous. There could be more records to set and more all-time highs to surpass, judging by the extent which XRP gains traction in the region.