Independent Reserve, the Australian digital currency exchange, will commence trading in Ripple (XRP) on 7 July, 2018

[rohanneal]

http://www.mondovisione.com/media-and-resources/news/independent-reserve-launches-ripple/

[Trickery]

Quote

Independent Reserve CEO Adrian Przelozny said the exchange would offer the product direct to retail investors through its exchange, as well as over the counter to institutional customers. “The addition of XRP is in line with our strategy of adding high-quality digital currencies in a thoughtful and measured way,” he said. “There is a wide universe of digital currencies out there now, but to be listed on Independent Reserve they need to meet a range of criteria including quality, stability and volume metrics. Our clientele have been requesting XRP and we felt this timing was right to offer it to them.”

I wonder if they're setting up for XRapid

[rohanneal]

By the looks of it seems they are setting up for institutional users and retail users. FI will need big liquidity so yeah they might be going for Xrapid.