Today, Binance, the world's most popular cryptocurrency exchange, has taken a significant step by adding XRP as the base currency on its platform. The initial trading pairs available for XRP include TRON (TRX) and ZCoin (XZC).
According to the report, Binance will add TRX / XRP and XZC / XRP trading pairs to the new ALTS Trading Market (ALTS) combo at 11:00 AM (UTC).
Binance notes that the original ETH market will be renamed ALTS Trading Market, this will allow it to support more trading pairs with different quoted currencies.
The movement to consolidate the altcoin markets in the combined ALTS Trading Market is similar to how Binance expanded its market Tether (USDT) to USDS, which now includes a number of popular stable coins with a large assortment of trading pairs.
The news had a positive impact on all three altcoins: XRP grew by 15.4%, Zcoin – by 37%, and TRON – by 12%.
And what do you think about this?
