Cryptocurrency exchange Binance will open two pairs trading using Ripple (XRP) as a quote currency, a blog post confirmed on December 24th.
Set to start on the same day, the TRX / XRP (Tron) and XZC / XRP (Zcoin) pairs represent the first time that Binance uses XRP as the base currency.
As part of the update, the developers will rename the current Ethereum (ETH) markets in "ALTS", with the managing director Changpeng Zhao (CZ) explaining that the lack of space for the user interface required the move.
"We will add a couple of trading pairs with XRP as a short-term quotation currency," confirmed CZ chirping Sunday.
Binance continues to expand its token offering in the fourth quarter, focusing in particular on stablecoin with hollow rates. At the start of this month, developers launched a delayed pair interval using the USD-pegged TrueUSD (TUSD) stablecoin resource as a quote currency.
Commenting on the future pricing policy of pairs of tokens, Zhao said that assets whose developers contributed to the Binance Blockchain Charity Foundation will receive a more favorable consideration.
"We will give priority to adding more couples to the projects they donated to our charity (though we never mentioned this during our fundraising efforts)," he added.
The XRP jumped almost 20% on the news, bringing XRP / USD to $ 0.44 at the time of printing, a maximum of one month.
At the time of the press, Binance itself is the largest encrypted exchange in the world thanks to the volume of adequate daily trade, with over $ 1.2 billion of exchanges in the last 24 hours.