The biggest cryptocurrency exchange as per the 24-hour trading volume, Binance announcement for new trading pair additions that have XRP, BNB, USDT, TUSD, IOTA, and XLM in the mix. TUSD/USDT trading pair where both are stable coins has some funny reactions from people.
Binance announcement for XRP/BNB, TUSD/USDT, XLM/USDT and IOTA/USDT
The top cryptocurrency exchange Binance with 24-hour trading volume of 1.5 billion has added 4 new trading pairs for Ripple and Tether.
Binance announced the XRP/BNB trading pair for Ripple where BNB is its own official currency, Binance Coin.
As for the Tether (USDT), it will be available for trading against a stable coin TrueUSD (TUSD), IOTA, and Stellar Lumens (XLM).
The official binance announcement reads:
“Binance will open trading for XRP/BNB, TUSD/USDT, XLM/USDT and IOTA/USDT trading pairs at 2018/05/31 09:30 AM (UTC).”
Binance has been increasingly adding new coins to its ever-growing list of cryptocurrencies.
World’s third largest cryptocurrency XRP is currently at $0.611 with a 24 hours loss of about 0.97 percent with a market cap of $23.9 million. With Binance Coin getting a lot of attention in the past few weeks, at the time of writing, it has been at $13.53 on 18th position according to Coinmarketcap.
The XRP/BNB might result in an upward movement for XRP which is maintaining its position after Bitcoin and Ethereum.
Introducing the TUSD/USDT got the attention of the investors as it involves the trading of a stable coin for a stable coin.
This got some interesting responses as well, Twitter user Mr.cryptos said:
“TUSD/USDT????? who is gonna trade this???” while another user Mai Kel commented: “TUSD/USDT? That will be fun xD”
Tether has been a lot in the news for its status of a stable coin. There has been controversy surrounding this cryptocurrency over if it really is backed by US dollar or not.
However, on Coinmarketcap, Tether maintains its $1 dollar price value with a market cap of $2.5 billion.
As for its other trading pairs, IOTA registered a significant surge in its prices, currently being at $1.71 with 24 hour gain of about 7 percent. Stellar is up by 2.24 percent with $0.289 market value.
Do you think these new additions by the top crypto exchange Binance will have XRP USDT see positive momentum? Share your thoughts with us!