Ripple’s XRP Crypto Coin Could Find Itself as the Next Asset Listed on Binance.je
Binance Jersey of the world’s largest cryptocurrency exchange Binance is planning to add another digital asset on its platform that currently support only two top cryptos that is Bitcoin (BTC) and Ethereum (ETH) against two fiat currencies viz. EUR and GBP.
Now, Binance.Je took to Twitter to ask the crypto community which digital asset they would like to see next.
Which coin would you like to see added to https://t.co/SKaR8JHc2d next?👀
— Binance.je (@BinanceJE) March 18, 2019
It is entirely possible the next crypto in the line would be XRP, the third-largest cryptocurrency by market cap of over $13 billion that comes after BTC and ETH only. By this standard, it makes complete sense, moreover, recently in response to an XRP enthusiast’s
“when XRP?” the CFO of Binance, Wei Zhou said, “Soon.”
— Wei (@weizhouBinance) March 14, 2019
Where Binance is crypto to crypto exchange, Binance Jersey has been Binance’s expansion into not only in the European and the UK market but also in fiat as Binance.je offers fiat to crypto exchange.
XRP Down 9.6% In 2019
Jersey already has an existing legal and regulatory framework for cryptocurrencies that has been a perfect fit for Binance Jersey. At the time of release Zhou had said,
“Expanding the cryptocurrency exchange markets with fiat currencies in the European region is opening new economic opportunities for Europeans as well as freedom from looming Brexit uncertainty where the pound and euro are also in concern.”
This plan for crypto adoption worldwide surely worked in Binance’s favor as within a day of release, the exchange received tremendous requests. And this time, it could also be witnessed when XRP goes live on the platform and we might be able to see XRP make some moves as on the price front, XRP is not showing any bullish movement despite the market, especially altcoins seeing a lot of action.
XRP price chart, Source: Coinmarketcap
At the time of writing, XRP has been trading at $0.3178 with 24-hours gains of 0.54 percent. However, in the BTC market, it is in the red by 0.07 percent while managing the daily trading volume of $651 million. Starting the month at $0.3519, XRP is currently down by 9.6 percent, in this year.
In another event, with the release of the SEC’s latest views on cryptocurrencies and what deems security tokens that yet again doesn’t provide any clarity for XRP, Ripple CTO David Schwartz in his steadfast stance stated,
“Security law has not changed concerning blockchain technology… the SEC recently has talked about how they are going to think about how these tokens meet security laws. However, they haven’t given a black and white test. They’ve given a test, but it’s filled with vague terms.”