Binance To Add Two Ripple-Based Trading Pairs In New Expansion

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Binance these days seems very frequent on announcements of new products and services. Recently, a blog post from the exchange platform has confirmed that it will open trading of two pairs using Ripple (XRP) as the quote currency.

Changpeng Zhao the CEO of the largest cryptocurrency exchange, Binance also made an announcement about adding XRP as the base pair on its platform. CZ commented, “We will be adding a couple of trading pairs with XRP as the quote currency shortly. And rename ETH markets to ALTS market. Running out of space on the UI. Merry Xmas!”

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With that, the TRX/XRP (Tron) and XZC/XRP (Zcoin) pairs represent for the first time for Binance to deploy XRP as the base currency. The CEO revealed one more change to the platform, he said that the user interface of the Binance website is bringing Ethereum markets under the ALTS market. CZ noted that this is because of a lack of user interface space that is necessary for the move.

The recent addition of XRP is expected to make a huge impact on the token. At present, the token is up by a large percentage of 21%. While XRP is trading at a price of $0.44 along with a market cap reaching $18.2 billion.

As part of the expansion, the influential exchange continues its token offering in Q4, emphasizing on fiat-pegged stablecoins. In a separate tweet, Binance CEO stated that the prioritization of including more pairs would be given to those projects that have contributed to the charity that Binance created in the domain of social welfare as a step forward. He noted, “We will prioritize adding more pairs for the projects that have donated to our charity at this (even though we never mentioned this during our fundraising efforts). Happy holidays!”

Notably, the exchange was considered as the most reliable safe and secure trading platform in a poll conducted by a growing exchange platform. The massive exchange currently holds the trading volume of around 1,211,238,345 USD which equals to 289,572 BTC.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on the world's leading digital currencies.

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