The news many people in the XRP community have so long been hoping for: Binance announced today that they will list XRP as a base pair on the platform. The trading pairs with XRP will be TRX/XRP and XZC/XRP.
It is an early Christmas present for XRP holders! Today, Binance announced that it would add TRX/XRP and XZC/XRP trading pairs to its platform.
Over the past weeks, after XRP again took over the second spot from Ethereum on CoinMarketCap, the community surrounding XRP asked Binance, the biggest crypto exchange, why it wouldn’t list XRP as a base pair. Finally, Binance has followed up on that request.
The tweet from Binance with the announcement:
— Binance (@binance) December 24, 2018
The full announcement from Binance states:
“Binance will add TRX/XRP and XZC/XRP trading pairs with XRP as the quote asset into the new Combined ALTS Trading Market (ALTS) at 2018/12/24 11:00 AM (UTC).
The original ETH Trading Market (ETH) will be renamed into the ALTS Trading Market, to support more trading pairs with different quote currencies.
Please note that ALTS does not represent a new coin or token. It is the symbol for Binance’s new Combined ALTS Trading Market.”
Besides the general Binance account on Twitter, the founder and CEO of Binance, Changpeng Zhao, tweeted:
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.
— CZ Binance (@cz_binance) December 24, 2018
For a while, XRP holders used the hashtag #XRPthebase on Twitter to convince Binance that adding the digital asset as a base pair would be the right thing to do. According to the XRP community, Ethereum became a base pair because it was the second largest digital asset.
With XRP taking over the second place from Ethereum, it would only be fair if XRP would become a base pair too, according to the XRP community. Furthermore, many XRP holders believe that XRP as a base pair could lower the market’s overall dependence on the price of Bitcoin.
At the time of writing, XRP is trading at $0.43, up 14.80% over the past 24-hours, according to data from CoinMarketCap.