Binance to list ripple-based trading pairs 24 December 2018 24 December 2018
According to a blog post by Binance, trading pairs based on Two Ripple (XRP) will soon be available for trading. The scheduled Ripple based pairs are TRX / XRP (Tron) and XZC / XRP (Zcoin). This is the first time that Binance is opting for Ripple as a base currency.
As an important aspect of the update, the designers will rename the current Ethereum markets (ETH) in "ALTS", with the managing director Changpeng Zhao (CZ) that clarifies that the absence of space for ; user interface forced the move.
In the fourth quarter, Binance continues to expand its token offering, with a strong focus on stablecoin with legal ties. At the start of this month, developers have launched a series of pairs using asset stablecoin TrueUSD (TUSD) as a quote currency.
Commenting on the future policy of couples' listing, Zhao said that assets whose developers contributed to Binance's Blockchain Charity Foundation would be considered more favorable.
CZ said "We will give priority by adding more pairs to the projects that donated to this charity (although (sic) we never mentioned this during our fundraising efforts)."
Regarding the addition of XRP pairs, CZ tweeted as follows:
We will add a couple of trading pairs with XRP as a short-term quote currency.
And rename the ETH markets in the ALTS market. Running out of space on the user interface.
– CZ Binance (@cz_binance) 24 December 2018
The surprising news pushed XRP by almost 20%, bringing the XRP / USD pair to $ 0.44, which represents a maximum of one month. At the time of writing this article, Binance remains probably the largest encrypted exchange in the world thanks to the volume of adequate daily trade, with over 1.2 billion dollars trading in the last 24 hours.