BTCEXA, one of the leading Australian cryptocurrency exchanges, has recently made an announcement about making XRP its base currency. Earlier today, Binance made waves with a similar decision, potentially causing a knock-on effect.
We are pleased to announce that XRP has been listed as a base pair on BTCEXA! The trading pairs available at launch are XLM/XRP & ADA/XRP.
— BTCEXA (@BTCEXA_Official) December 24, 2018
Log into https://t.co/jp0WUtCOeq to start trading!$XRP #crypto #cryptocurrency #cryptoexchange pic.twitter.com/wKKO0cCCxX
Well done, Binance!
Today, Changpeng Zhao’s Christmas gift easily became the biggest news of the day – the Binance exchange finally translated the wishes of XRP fans into reality, adding the fifth base trading pair to the exchange. The community was praising Binance for engaging with its customers while simultaneously taking shots at Coinbase for continuing to ignore the second biggest currency.
The XRP community has even come up with the #XRPthebase hashtag in celebration of the much-anticipated Binance listing.
— The?Change?Ling (@TheChangeLinger) December 24, 2018
BTCEXA follows suit
Now, it seems very likely that the virus is spreading across other exchanges given the recent BTCEXA tweet. For now, the exchange will feature three XRP-based trading pairs: XLM/XRP, ADA/XRP, and USDT/XRP. Meanwhile, Binance’s trading pairs include TRX/XRP and XZC/XRP.
XRP is on a roll
Of course, the hype surrounding the announcement is hardly comparable to that of Binance, but every listing is nonetheless crucial for XRP. As U.Today reported earlier, it gives much more exposure to XRP, subsequently pumping its price. Currently, the XRP price is at $0.44 after having increased by almost 19 percent over the last 24 hours.
Vladislav Sopov
Dan Burgin