Binance CEO Engages with Ripple Crypto Community Regarding XRP Base at Top Altcoin Exchange
The XRP community has always been pushing for Binance to adopt this virtual currency as the base coin for the Binance exchange. Binance is one of the largest and most used virtual currency exchanges in the market in terms of daily trading volume.
A few hours ago, Binance CEO, Changpeng Zhao, uploaded a Tweet in which he engages with the XRP community to shill about XRP being added to the platform as a base virtual currency.
As of the time of writing, the tweet received more than 3,100 comments, 6,600 likes and 2,800 retweets. Most of the users are asking for the exchange to enable XRP/FIAT trading pairs. Some users say that this would allow the platform to make more money and reduce expenses using the recently launched xRapid service and product.
The xrp base shill is strong. Let's get it out of your system, and put all your shills under this one tweet, and let's see how much we get. https://t.co/usiISCtuSj
— CZ Binance (@cz_binance) November 18, 2018
At the end of the last week, XRP was able to overtake Ethereum (ETH) in the virtual currency market. This allowed XRP to become the second most valuable cryptocurrency after Bitcoin (BTC). And after it, Binance CEO decided to hint that there is a possibility for the platform to add XRP as a base currency.
The XRP community has always been asking Binance to add XRP as a base cryptocurrency to the exchange. At the moment, Binance offers users the possibility to trade virtual currencies against ETH, Tether (USDT), Binance Coin (BNB) and BTC.
Even Weiss Ratings, the independent rating agency that rates virtual currencies promoted the idea of including XRP as a base currency. The explained that XRP is the fastest digital asset to transfer funds between exchanges.
We think that the #XRP is the fastest digital asset to transfer funds between exchanges. It only makes sense for #Binance to use it as the base #currency – why should one have to go through an intermediary currency to trade? #crypto #btc #altcoins
— Weiss Crypto Ratings (@WeissCrypto) August 10, 2018
The cryptocurrency exchange CoinField, which is based in Canada, has already started to offer XRP trading pairs against other virtual currencies. There are two other virtual currencies that support XRP as a base currency: Bitrue and DCEX.
Currently, XRP has a market capitalization of $19 billion dollars and each XRP coin can be purchased for $0.47 dollars.