Binance Announces New XRP Trading Pairs and Quote Currency 🚨 This article is 6 years old...
Binance Announces New XRP Trading Pairs and Quote Currency
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Updated: Nov. 7, 2019 at 6:01 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Binance is adding new XRP trading pairs for the holidays, including TRX/XRP and XZV/XRP. Furthermore, the ETH Trading Market will be renamed to the ALTS Trading Market, allowing for the possibility of more trading pairs with different quote currencies in the future.
Ripple has had a strong month of partnerships and has effectively weathered the crypto bear market. Today, XRP secures a small win as it becomes more accepted as a base trading pair.
In a tweet on Dec. 23 from Binance CEO Changpeng Zhao (CZ), in addition to an official announcement on the Binance website, the company has added two new trading pairs coupled with XRP.
We will be adding a couple 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!
— CZ Binance (@cz_binance) December 24, 2018
Not only that, Binance is renaming the ETH Trading Market (ETH) to the ALTS Trading Market (ALTS) to support more trading pairs with other quote currencies in the future.
The two new pairs include an XRP and TRON pair, as well as a XRP and Zcoin pair.
The move is meaningful because it represents more widespread acceptance of XRP, and provides a potentially more cost effective alternative to using Bitcoin or Ethereum as a base pair. The added XRP pairs should provide additional liquidity to TRON and Zcoin as well.
It seems that Ripple enthusiasts got to open a present early for Christmas Eve. Hopefully, there are even more presents waiting on Christmas day.
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XRP
$1.46315
The XRP Ledger is a decentralized cryptographic ledger powered by a network of peer-to-peer servers.
Ethereum
$3,414.37
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Firo
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Zcoin (XZC) is the first cryptocurrency to implement the Zerocoin protocol to ensure private transactions.
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
Ripple
Ripple is a US-based technology company which develops the Ripple payment protocol and exchange network using XRP, the digital asset native to the XRP Ledger.