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.
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:
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.
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.
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