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The volume of the TRX / XRP pair on Binance is out of the charts, recording record highs indicating that the profits that TRX traders have taken on in Tron's last run are pouring into XRP.
According to NewsBTC, the recent version of the BitTorrent Token whitepaper seems to have boosted the last 48 hours for TRX. During the Asian trading today TRX recorded an additional 15% gain rising from $ 0.0266 (645 sats) to an intraday peak of $ 0.030 (801 sat). The daily volume has almost doubled to over $ 682 million with Upbit and Binance which absorb around 27% of this.
From the same time last Wednesday, the TX has reached an impressive 49%, given that the volume has risen over 540%. In the last three weeks TRX has exceeded twice the price, rising from the 2018 minimum of $ 0.0126 (395 sat) in mid-December. It has consistently outperformed many of the other cryptographic resources and is currently the token with the best performance in the first 15 at the time of writing.
It seems, however, that some of those good profits are parked in XRP portfolios, which indicates that trust operators have more security in XRP as a safe haven for cryptographic markets.
Binace List XRP as a basic pair
InvestinBlockchain explains the importance of XRP as a trading pair.
Binance, the world's largest cryptocurrency exchange with the daily trading volume previously offered trading pairs with Bitcoin (BTC), Ethereum (ETH), Coin Binance (BNB) and a variety of stablecoins.
With already 4 levels of trading pairs, to avoid confusion in the user interface, Binance it changed the "ETH markets" into "ALT markets" which now includes both ETH and XRP core trading pairs.
To begin, the exchange has listed two XRP trading pairs including TRX / XRP and XZC / XRP. Traders can expect more trading pairs to follow, but for now they will be satisfied with TRON and Zcoin.
Solidify XRP as a standard?
There is no doubt that Binance's XRP listing as a base pair solidifies XRP as a vital cryptocurrency. For a long time, ETH was the only alternative cryptographic resource for trading in Binance's altcoin markets and now XRP will eat part of that market.
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