The popular cryptocurrency XRP has undergone a significant development in South Korea's crypto investment landscape. Three of the largest crypto exchanges in the country - Coinone, Upbit, and Bithumb - have announced that XRP has been renamed. Previously, the crypto market referred to XRP as Ripple coin, causing confusion between the two. XRP was originally called "Ripple" and the San Francisco-based company still holds a large amount of XRP. The distinction between Ripple and XRP is starting to be rectified in South Korea. The article highlights that despite the misconception, XRP and Ripple are separate entities, as demonstrated by the ongoing legal showdown between Ripple and the SEC. The author notes that it will be interesting to see how this renaming is received by the community and if it will be adopted by other markets.



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