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It’s Official: Binance to Make XRP Its Base Currency

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Mon, 12/24/2018 - 07:22
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Alex Dovbnya
For the XRP community, Santa is coming straight from China this year, making a major announcement related to their favorite currency
It’s Official: Binance to Make XRP Its Base Currency
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Some Christmas wishes do come true – Binance CEO Changpeng Zhao has just made an announcement about adding XRP as a base currency, thus putting an end to months of speculation. So far, only a couple of trading pairs will be available.

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Quote currency or base currency?

In his original tweet, CZ calls XRP a ‘new quote currency’, which bred some confusion among his followers. The Binance CEO had to clarify that ‘quote currency’ is the correct term for a base currency.

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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.