Categories: ExchangesNews

XRP added as a base pair on Binance, Tron (TRX) and ZCoin (XZC) To be the First Two Pairs

Changpeng Zhao (CZ), CEO of Binance, has just confirmed the long-awaited rumor, of Binance adding XRP as a base pair. He announced the news on Twitter on 23rd December. XRP markets have reacted positively with XRP rising by 15%.

Binance will begin with adding two currencies as XRP base pair. And as time progresses more and more will be added. A base pair increases the value of a cryptocurrency as more cryptocurrencies are tied to it. CZ has announced that projects that took part in the fundraiser will be given a priority.

Tron (TRX) and ZCoin (XZC) the first base pairs for XRP

The first XRP base pairs to be added on Binance are Tron (TRX) and ZCoin (XZC). The Tron foundation has already donated over $10 Million to Binance Charity hence it is natural that TRX was added first.

Binance will be adding the new pairs to the Combined ALTS Trading Market (ALTS) 11:00 AM  (UTC) on 24th December.

Binance Tweeted:

A win for XRP Hodlers

XRP investors and evangelist took to Twitter and promoted the hashtag #XRPthebase. Their argument was that using XRP as the base, the markets could be removed from the dependence on the price of Bitcoin. And XRP’s speed makes it one of the best contender for a base pair.

Binance to add more base pairs?

In a blow to Ethereum, Ethereum markets will be now be renamed as “Alt-markets” on Binance. According to CZ, Binance is running out of UI space to include separate markets due to the addition of XRP markets.

Alt-Markets will include Ethereum and XRP base pairs, the Malta Based Exchange also plans to include other base pairs eventually.

Also Read:


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Ishan Garg

Ishan is a cryptocurrency trader and a journalist. He joined the cryptocurrency space in 2017. He is the founder of Blockmanity. He is a HODLER and is holding BTC, ETH & UGT.

Share
Published by
Ishan Garg

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

2 months ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

3 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

4 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

4 months ago