Ripple’s XRP ready for its biggest boost as Binance confirms XRP as a base currency
|- XRP finally lands base currency support on Binance.
- XRP/USD rises 17% in value amid Christmas celebrations.
It is not long ago when the CEO of the largest exchange in the world’s largest exchange company, Changpeng Zhao engaged the XRP community to find out why the token deserves to be added as a base currency on the Malta-based exchange. The XRP community, known for its strength and unity responded to the inquiry with the Twitter message recording more than 2,000 replies.
Consequently, the CEO who is also known as CZ has today, December 24 announced that XRP will earn the coveted spot on the exchange as a base currency. This will be a huge boost for XRP as it will be paired with every other asset that is trading on the exchange platform. CZ wrote 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!”
This support goes beyond XRP as traders can take advantage of the almost instant transactions of Ripple by settling traders much faster and cheaper. When it comes to the tokens that will be pair at the initial phase, CZ said:
“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!”
Ripple’s XRP currently sits in the second position in the market after displacing Ethereum (ETH). The asset has a market capitalization of $17.55 billion and a 24-hour trading volume of $1.17 billion according to the data on CoinCheckup. XRP is trading at $0.43 after it opened the trading session at $0.375. It has corrected high by 17% on the day.
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