Ripple’s XRP Listing On Binance As A Base Pair Should Trigger An Increase In The Trading Volume Of XRP

Ripple and XRP have been in the spotlight all over 2018, despite the bearish crypto market. This was thanks to the company’s many achievements and developments and also XRP’s increased adoption and bull run that it experienced back in September.

Binance listed XRP as a base pair

Back then, when most cryptos had to deal with lower volumes and dropping prices, the Ripple community boosted XRP’s price by more than 200%.

This helped the token to achieve the high price it was not able to achieve since back in April 2018.

The bull run mentioned above also triggered another achievement: XRP overtook ETH as the number 2 crypto by market cap.

The coin’s great performance made its popularity grow a lot and one of the companies behind XRP as well.

These achievements, together with the Ripple community efforts, might have been the most important reasons that led to the decision of Changpeng Zhao to list XRP on Binance as a base pair.

Binance will add TRX/XRP and XZC/XRP trading pairs with XRP as the quoted asset into the new Combined ALTS Trading Market (ALTS) at 2018/12/24 11:00 AM  (UTC).”

This achievement was a huge one and the whole community celebrated for Christmas when the news came out.

What does this mean for XRP?

XRP being added as a base pair will definitely change the way in which traders view the altcoin markets.

After ETH has been the single base pair for most cryptos, after XRP became one as well, the altcoin market will grow more diverse and improve the crypto space by helping it progress.

As Oracle Times notes, “The addition of XRP as a base pair should also trigger an increase in the trading volume. There should be more XRP buyers and sellers in the future, and we’ll; have to see how this will impact the price of XRP.”

You May Also Like

Leave a Reply

Your email address will not be published.