One of the top cryptocurrency exchange Binance has announced that it’s going to open two trading pairs using Ripple (XMR) as the base currency, through a blog post on December 24.
It’s it the first time Binance is taking this step with Ripple, the announced pairs TRX/XRP (Tron) and XZC/XRP (ZCoin) will set to launch simultaneously.
Exploring the move CEO Changepeng Zhao said the step is taken keeping in mind the lack of user interface space. As part of this update, the exchange will rename the existing market of Ethereum (ETH) as “ALTS.”
On Sunday, Zhao tweeted, “we will be adding a couple of trading pairs with XRP as the quote currency shortly.”
Focusing primarily on stablecoin, Binance is expanding its token offering in Q4. Entering this month, the exchange launched trading with USD-Pegged stablecoin TrueUSD (TUSD) as the base.
Speaking on the future policy of listing, Zhao asserted that developers who have contributed towards the Binance’s Blockchain Charity Foundation will definitely get the priority. He added here, “we will prioritize adding more pairs for the projects that have donated to our charity at this (even tough (sic) we never mentioning this during our fundraising (sic) ff
Following the news, XRP jumped almost 13% to $0.42 at press time, according to CoinMarketCap (CMC).
As per the data available with the CMC, Binance is also the leading exchange in the world in terms of trading volume, which is at press time is around $1,211,543,652 in the last 24Hrs.