Binance Adds Ripple-Based Trading Pairs In A New Expansion

The cryptocurrency exchange giant Binance is again in the crypto news today, this time for the open trading of two pairs using Ripple (XRP) as the quote currency, according to a new blog post published by the exchange today.

The TRX/XRP (Tron) and XZC.XRP (Zcoin) pairs are the new ways for Binance users to trade XRP as the base currency. As part of the update, developers will rename the current Ethereum (ETH) markets to “ALTS” with the CEO Changpeng Zhao (CZ) explaining that a lack of user interface space necessitated this move.

As he announced on Twitter:

We will be adding a couple trading pairs with XRP as the quote currency shortly.

And rename ETH markets to ALTS market. Running out of space on the UI.

Merry Xmas!

— CZ Binance 🔶🔶🔶 (@cz_binance) December 24, 2018

With this, Binance continues to expand its token offering in the last quarter of this year – confirming the claims by some portfolio managers that it is among the most trusted exchanges out there.

The future of the token pair listing policy, according to Zhao, is bright. He thinks that assets whose developers had contributed to Binance’s Blockchain Charity Foundation would receive more favorable consideration.
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As he said:

“We 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).”

Ripple (XRP) surged almost 20% after the news emerged, taking XRP/USD to a new high of $0.44 at press time which is also a one-month high for the altcoin. Binance continues to expand its daily trade volume as well, seeing more than $1.2 billion traded over the last 24 hours.