Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Trading of Ripple with Tron and Zcoin with XRP as the base currency should go live today.
Cryptocurrency exchange Binance will open trading of two pairs using Ripple (XRP) as the quote currency, a blog post confirmed Dec. 24.
Set to launch the same day, the TRX/XRP (Tron) and XZC/XRP (Zcoin) pairs represent the first time for Binance to use XRP as the base currency.
As part of the update, developers will rename the current Ethereum (ETH) markets to âALTS,â with CEO Changpeng Zhao (CZ) explaining that a lack of user interface space necessitated the move.
âWe will be adding a couple trading pairs with XRP as the quote currency shortly,â CZ had confirmed on Twitter Sunday.
Binance continues to expand its token offering in Q4, focusing heavily on fiat-pegged stablecoins. Earlier this month, developers launched a subsequently delayed range of pairs using USD-pegged stablecoin asset TrueUSD (TUSD) as the quote currency.
Commenting on the future token pair listing policy, Zhao said assets whose developers had contributed to Binanceâs Blockchain Charity Foundation would receive more favorable consideration.
âWe will prioritize adding more pairs for the projects that have donated to our charity at this (even thought (sic) we never mentioned this during our fund raising (sic) efforts),â he added.
XRP jumped almost 20 percent on the news, taking XRP/USD to $0.44 at press time, a one-month high.
As of press time, Binance itself is the largest crypto exchange in the world by adjusted daily trade volume, seeing over $1.2 billion in trades over the last 24 hours.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.