Jump to content

Coincheck XRP market


Recommended Posts

I was looking at the coincheck charts last night. Even though coincheck has been removed from Ripple Charts due to api issues, it looks like the volumes were legit. But what i think is bigger news is, the coincheck volumes are based on fiat(JPY) to XRP,  and they are still pretty close to Polo's BTC to XRP volumes.  

So not only do we have real competition for Polo in terms of XRP demand and price discovery, but we also have fiat coming and competing with BTC as the driver. IMO this is pretty big.

Source: I signed up for coincheck, sign up was simple for view only (no KYC) but navigation is a little complicated, I was able to see their exchange and charts associated with the different pairs they offer, which include volumes display similar to the charts on cryptowat.ch

 

Link to comment
Share on other sites

37 minutes ago, Kakoyla said:

I was looking at the coincheck charts last night. Even though coincheck has been removed from Ripple Charts due to api issues, it looks like the volumes were legit. But what i think is bigger news is, the coincheck volumes are based on fiat(JPY) to XRP,  and they are still pretty close to Polo's BTC to XRP volumes.  

So not only do we have real competition for Polo in terms of XRP demand and price discovery, but we also have fiat coming and competing with BTC as the driver. IMO this is pretty big.

Source: I signed up for coincheck, sign up was simple for view only (no KYC) but navigation is a little complicated, I was able to see their exchange and charts associated with the different pairs they offer, which include volumes display similar to the charts on cryptowat.ch

 

very very interesting -- if it is consistent volume this is a big development for the ripple ecosystem ;; finally an alternative to polo and the pitiful bitstamp vols 

do you have any screen grabs of charts/info? 

Link to comment
Share on other sites

8 minutes ago, zerpdigger said:

very very interesting -- if it is consistent volume this is a big development for the ripple ecosystem ;; finally an alternative to polo and the pitiful bitstamp vols 

do you have any screen grabs of charts/info? 

I do, two daily charts, from April 1st, one polo + one coincheck, also have two 5 min charts from last night at 21:20 EST.

you can see for April 1, polo had 3.7B and coincheck had 3.36B and on the 5min chart at 21:20 polo had 4.9M and coincheck had 4.7M

Polo_Apr1.png

coincheck_Apr1.png

Polo2120.png

coincheck 2120.png

Edited by Kakoyla
Link to comment
Share on other sites

@zerpdigger I only have my phone so I can't do proper screenshots, but the volume is still close to polo, similar ‰ to what I had posted a few days ago. I recommend registering, not much effort needed in order to see their charts. 

Edited by Kakoyla
Link to comment
Share on other sites

16 minutes ago, Kakoyla said:

@zerpdigger I only have my phone so I can't do proper screenshots, but the volume is still close to polo, similar ‰ to what I had posted a few days ago. I recommend registering, not much effort needed in order to see their charts. 

ok will do -- thanks for updating us!

Link to comment
Share on other sites

  • 2 weeks later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...