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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://imgur.com/kznZhse.png)
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:
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｜ Fellow Binancians,
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｜ XRP/USDT trading pair is now available on Binance.
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｜ Details:
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｜ 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)
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｜ 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.
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｜ Learn more about Ripple (XRP)!
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｜ Thanks for your support!
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｜ Binance Team
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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.
(https://imgur.com/HtRUcNb.png)
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/