Binance Using XRP as the Base Currency only Makes Sense: Says Weiss Ratings

By Anjali Tyagi
Published August 11, 2018 Updated August 11, 2018
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Binance Using XRP as the Base Currency only Makes Sense: Says Weiss Ratings

By Anjali Tyagi
Published August 11, 2018 Updated August 11, 2018

Weiss Ratings is echoing the sentiments of the XRP community as it says Binance adding XRP as the base currency makes complete sense. The crypto rating agency seems to be taking a liking to XRP as it recently Tweeted XRP being really fast in exchange for the money.

XRP community appealing Binance to add XRP as base currency

Recently, XRP is gaining a lot of traction as a new base currency. San Francisco-based, DCEX exchange added XRP as the base currency on its crypto-to-crypto trading platform. At this time only, an Indian exchange Unocoin has also done the same thing. Before this, Bitrue has added the world’s 3rd largest cryptocurrency as its base currency.

Now, the XRP community wants the leading digital asset exchange Binance to add XRP as the base currency. Currently, binance is using Binance (BTC), Ethereum (ETH), Binance Coin (BNB) and Tether (USDT) as the base. A few days back, an XRP enthusiast asked Binance, if it is looking into adding XRP as the base currency.

Not long after, the entire community started appealing Binance to just do it!

So, this is how it went!

One Twitter user wrote,

“We’re on @Binance, too. With #XRP as a base we would use this exchange a lot more. XRP is great for shipping your currencies around, cheap & fast. Perfect base. We avoid BTC when we can, the fees are ridiculous. BTC is a collector’s item, XRP is the best bridge. Love that coin.”

One Redditor wrote in part,  “XRP is a lot faster and cheaper than BTC and ETH which are the most common base pairs. It makes a lot of sense, no matter what you think of XRP.”

Also, read: 5 Million Users can now use XRP Instead of Fiats to Pay their Bills

XRP is really fast to move money between exchanges – Weiss Ratings

Not long ago, in the Weiss Ratings’ “Which is best for moving funds between exchanges?” poll, Ripple’s XRP got the top spot with 73 percent votes.

In its latest Tweet, Weiss Ratings also stated XRP being fast in money exchange with no waiting for confirmations.

The growing interest of Weiss Ratings didn’t stop here as it further shared the same sentiments as of XRP community in Binance adding XRP as base currency which makes complete sense as Tweeted by the cryptocurrency rating agency:

XRP has a big and active community that has always been extremely supportive and sentimental about its cryptocurrency. With the way XRP community is getting vocal and passionate about Binance to add XRP as the base currency, it just might become a reality sooner than later.


The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Anjali Tyagi
440 Articles
Having a background in writing, I worked on a wide array of industry topics and have recently entered the world of Blockchain and Cryptocurrency.

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