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Sometimes, dedicated lobbying activity pays off. After a month-long effort to convince the CEO of the cryptocurrency exchange Binance, Changpeng Zhao, to add Ripple's XRP as a base pair on the exchange, Zhao listened. He announced yesterday in a Twitter post that the exchange "will add a couple of trading pairs with XRP as a short-term quotation currency".
Supporters of Ripple and XRP, using the Twitter hashtag #XRPthebase, have tried to convince Zhang that XRP would be a perfect addition to the deployment. They argued that the speed and widespread adoption of XRP as a base pair could reduce the overall Bitcoin Core (BTC) dependence on the cryptographic market.
In a subsequent tweet, Zhang added: "We will give priority to adding more couples to the projects they donated to our charity (even if you thought [sic] we never talked about it during our fundraising efforts). Happy holiday!"
XRP is the second largest crypt by market capitalization and Binance is the main cryptographic exchange by volume, according to CoinMarketCap. So far, XRP has only been paired with the Tron (TRX) and Zcoin (XZC) and Binance states, "Binance will add TRX / XRP and XZC / XRP trading pairs with XRP as a listing asset in the new combined ALTS trading market (ALTS ) at 2018/12/24 11:00 (UTC) The original ETH Trading Market (ETH) will be renamed to the ALTS trading market, to support multiple trading pairs with different quotation currencies.Please note that ALTS it does not represent a new coin or token: it is the symbol of the new combined trading market of Binance ALTS. "
According to some, the news is "bigger than the heritage listed on Coinbase". The markets seem to support this idea, as the price of XRP has risen by 16.89% in the last 24 hours, according to CoinMarketCap. At the time of writing this article, it is trading at $ 0.43 compared to the US dollar. He beat his seven-day maximum, which was $ 0.39 on December 19th.
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