Binance CEO Changpeng Zhao just made the Holidays happier for the Ripple community. CZ announced that XRP would become a base pair on the leading crypto exchange.
The Ripple community’s efforts pay off
The announcement comes after the Ripple, and XRP community have been making efforts to convince Zhao toad the digital asset to the exchange.
The campaign lasted for months and enthusiasts were asking Zhao to pair XRP with some coins.
Using the hashtag #XRPthebase, Ripple and XRP supporters have been trying really hard to convince Binance that adding XRP as a base pair is a great choice, mainly due to the high speed of the digital asset.
They also highlighted that XRP’s widespread adoption as a base pair would trigger the lowering of the market’s overall dependence on the price of Bitcoin.
It’s important to know that arbitrage traders who sell coins between exchanges in order to leverage the small price differences of the same crypto that’s traded on more platforms may also enjoy the benefits of XRP such as the speed and the ability to settle trades cheaper and faster.
Zhao said he would prioritize the projects that have donated to his company’s charity fund.
The pairs are TRX/XRP and XZC/XRP.
We’ll have to see how XRP adoption as a base pair will affect the markets.
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.
“At the launch of full-scale services, expecting customer inflow from the SBI Group’s customer base of 23.47 million, specifically, SBI SECURITIES with approx. 4.26 million accounts, SBI Sumishin Net Bank with approx. 3.21 million accounts, and SBI Liquidity Market, including SBI FXTRADE, with approx. 1.05 million accounts, etc.,” they announced.
We will prioritize adding more pairs for the projects that have donated to our charity at this (even thought we never mentioned this during our fund raising efforts). Happy holidays!