Koinex launches Ripple-based trading market, and more updates

In this cryptocurrency news update, we bring you top headlines from across the globe. First up, we look at Indian cryptocurrency exchange Koinex which has launched Ripple (XRP) based trading market. The exchange recently introduced crypto-to-crypto trading pairs with Bitcoin (BTC) and Ethereum (ETH) as the base trading pairs. Now, cryptocurrency investors have the option of trading with Ripple as well. The following eight cryptocurrencies are available for trading with XRP: Aeternity, EOS, Golem, Litecoin, Nucleus Vision, OmiseGO, Request Network and Tron. Koinex users now have 23 crypto-to-crypto pairs available for trading. Staying on with Ripple news updates, 5 more global payments firm have tied up with the cryptocurrency project. Those include FairFX, RationalFX and Exchange4Free from the UK, MoneyMatch from Malaysia and UniPay from Republic of Georgia.

In other cryptocurrency news, a consulting firm has predicted that the price of Ethereum (ETH) could touch $2500 by the end of 2018. If this turns out to be true, investors are looking at 4x-5x gains from here. Lastly, we look at France which has introduced pro-crypto tax regulations. From an unreasonable 45%, France has reduced capital gains tax on cryptocurrencies to a more reasonable 19%.