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!
Being an active participant in the Blockchain world, I always look forward to engage with opportunities where I could share my love towards digital transformation.