Christmas Eve: Binance gifts two USDC XRP based trading pairs

The world’s largest cryptocurrency exchange, Binance, has recently added Ripple as a base trading pair and about to rename ETH market to ALTS market. By this, Crypto cousins such as ripple (XRP) and stellar (XLM) will have USD Coin pairs, in addition to their existing stable coin pairs.

As part of Binance’s expansion strategy to add more trading pairs and coins, the new trading pairs will be TRX/XRP (Tron) and XZC/XRP (Zcoin) on the Combined ALTS Trading Market. The so-called ALTS will replace the current ETH Trading Market.

The motive is the better user interface will supplement the new ALTS platform.

Commenting at the long-term token pair record coverage, Changpeng Z hao, CEO of Binance stated the following through his Twitter account:

“We will be adding a couple of trading pairs with XRP as the quote currency shortly. And rename ETH markets to ALTS market.  Running out of space on the UI. We will prioritize adding more pairs for the projects that have donated to our charity at this (even though we never mentioned this during our fundraising efforts).”

Binance was clear on their warning about existing trades in tangential markets and reported,

“Please note: The existing USDC/BNB and USDC/BTC trading pairs will be removed and delisted at 2018/12/16 03:00 AM (UTC). All existing orders in each order book will also be cancelled at this time.”

In addition to the new trading pairs with XRP, Binance has expanded its portfolio by adding several stablecoins, pegged to fiat currencies. One example is the TrueUSD or TUSD.

According to CoinMarketCap, XRP is currently the second largest cryptocurrency by market cap, after Bitcoin. Binance is the leading cryptocurrency exchange by volume.

Let’s see how XRP adoption as a base pair will affect the markets and influence confidence for crypto traders in 2019.

Link to original article here.


About Bank Of Hodlers

Bank of Hodlers is building a customer-centric bank on the blockchain, by providing financial services which include loans and payments backed by your digital assets.

We are organizing a Bounty Program where you can earn up to 17000 BOH tokens (which will be equal to $340 at the time of our sale) by completing the most simplest of actions. The total allocation for the bounty is $1 million. Participate now and help us create an ecosystem where people will be able to bank on their digital assets.


crypto blog

Want to share your thoughts on this?

Up ↑

%d bloggers like this: