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Domino Effect: XRP Listed as Base Pair on Australian Cryptocurrency Exchange

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Mon, 12/24/2018 - 16:12
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  • BTCEXA, the Australian cryptocurrency exchange, is joining the XRP party started by Binance by rolling out two XRP-based trading pairs

Cover image via U.Today
Contents

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.

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.

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.  

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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.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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