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).
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: |
| 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 |
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.