Could XRP Become a Base Trading Pair on Binance Before Christmas?
The XRP community has always been very excited about the possibility of Binance offering XRP as a base pair on the exchange. XRP users in social media have been asking Changpeng Zhao to add support to XRP as a Christmas gift.
The Twitter user and XRP supporter @C3_Nik wrote that the community would like to see XRP as a base asset on Binance. The main intention behind this request is to be able to move funds between exchanges with ease. XRP has very low fees and it is one of the fastest virtual currencies in the market.
Please do it @cz_binance !
— C3|Nik (@C3_Nik) August 9, 2018
The tweet was able to gain fast support from XRP enthusiasts. At the time of writing the article, it received 2,400 likes and 2,000 re-tweets. However, Changpeng Zhao, the CEO and founder of Binance did not answer about this request.
Binance is one of the largest and most popular trading platforms in the cryptocurrency space. It has more than 400 trading pairs and in the last 24 hours, it was able to handle $947 million in trades. The exchange has three different base currencies, Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB).
A few days ago, Changpeng Zhao said that XRP does not look like a security to him. This is related to the fact that the U.S. Securities and Exchange Commission (SEC) did not provide clear information on whether XRP is a security or not. There are other trading platforms such as Coinbase that did not add support to XRP as of yet.
If the decision of adding XRP as a base trading pair at Binance has not yet been taken, it might be somehow complicated to add it before Christmas. It is not so simple to add one virtual currency as a trading pair from one day to the other when there are dozens of virtual currencies listed by Binance.
At the time of writing, XRP is the second largest cryptocurrency after Bitcoin. It has a market capitalization of $14.45 billion and each coin can be purchased for $0.35.