Binance Adds New Ripple Trading Pair: XRP/USDT

[Vaz0r]

Ripple is now tradeable using Tether on the world's most popular cryptocurrency exchange.

Binance, the world’s largest cryptocurrency exchange by trading volume, announced today that it will be adding a Tether (USDT) trading pair for the popular cryptocurrency Ripple (XRP).

https://twitter.com/binance/status/992316309508575233

USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is supposedly backed by a U.S Dollar that the parent company, Tether Limited, holds in its reserves. Tether can be redeemed to fiat through the Tether Platform.

Here is the announcement in full:

 ｜
 ｜    Fellow Binancians,
 ｜
 ｜    XRP/USDT trading pair is now available on Binance.
 ｜
 ｜    Details:
 ｜
 ｜     1. About Ripple (XRP) (https://info.binance.com/en/currencies/ripple)
 ｜     2. Fees (https://www.binance.com/fees.html)
 ｜     3. Rules (https://support.binance.com/hc/en-us/articles/115000594711)
 ｜
 ｜    Risk warning: cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Binance will make best   
 ｜    efforts to choose high quality coins, but will not be responsible for your investment losses.
 ｜
 ｜    Learn more about Ripple (XRP)!
 ｜
 ｜    Thanks for your support!
 ｜       
 ｜    Binance Team
 ｜

In response to the additional trading pair, XRP’s price spiked nearly 7% from $0.86 to a daily high of $0.92. It has since retraced a portion of its gains and has settled around $0.89 at the time of this writing.

This news comes shortly after other major announcements by Binance, where the exchange unveiled a 15,000 NANO giveaway and that Loom Network (LOOM) has been officially listed for trading. Both projects saw their coin prices spike significantly in response.

Source: https://sludgefeed.com/binance-adds-new-ripple-tether-trading-pair/

[Lynalyn]

Life is really becoming cool with Bunance. Soar higher.