According to a blog post by Binance, Two Ripple (XRP) based trading pairs will be soon available for trading. The planned Ripple based pairs are TRX/XRP (Tron) and XZC/XRP (Zcoin). This is the first time Binance is opting for Ripple as the base currency.
As a major aspect of the update, designers will rename the current Ethereum (ETH) markets to “ALTS,” with CEO Changpeng Zhao (CZ) clarifying that an absence of UI space compelled the move.
In Q4, Binance continues to expand its token offering, with a strong focus on stablecoins with fiat ties. Earlier this month, developers launched a range of pairs using TrueUSD( TUSD) stablecoin asset as their quote currency.
Commenting on the future policy of pair listing, Zhao said that assets whose developers contributed to the Blockchain Charity Foundation of Binance would be considered more favorably.
CZ said “We will prioritize adding more pairs for the projects that have donated to our charity at this (even though (sic) we never mentioned this during our fund raising (sic) efforts).”
Regarding the addition of XRP pairs, CZ tweeted as follows:
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
The surprising news pushed XRP by almost 20%, taking XRP/USD pair to $0.44, representing a one-month high. At the time of writing this article, Binance remains arguably the largest crypto exchange in the world by adjusted daily trade volume, seeing over $1.2 billion in trades over the last 24 hours.
