Ripple price surges as Binance confirms XRP as a base pair

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Price of Ripple (XRP) surged on 24 December, making a sharp rebound after CEO of Binance, Changpeng Zhao, confirmed XRP as a base pair.

Responding to the clamour of XRP communities and perhaps giving it as a Christmas present, the CEO of Binance, the leading crypto exchange confirmed today that the firm will be adding new trade pairs with XRP as the quote currency.

Binance CEO Chengpeng “CZ” Zhao confirmed the report although he did not divulge any further details. It was not explained which new trading pairs will support XRP as the base pair but since XRP, by virtue of its market capitalisation ranks it as the second most valued crypto, it is most likely that only the leading cryptocurrencies will be paired with XRP.

Zhao also mentioned that ETH markets will be renamed to ALTS market since the firms UI is already running out of space. This will also lessen the confusion among Binance users. In addition, the CEO also mentioned that they will prioritise adding more pairs for the projects that have donated  to their charity.

As soon the the announcement was tweeted by Zhao, a mini pandemonium quickly happened in Binance tweeter account. One follower even thought that the CEO was pulling an April fools joke on Christmas. While most posted their full support to the decision even citing that XRP is by far the best digital asset around.

But of course, one positive result of the said announcement is the fact that XRP prices immediately surged by 11.5%. XRP currently has a value of $0.44.

About Arnold Zafra

Arnold Zafra is a freelance tech blogger from the Philippines who is enthusiastic about cryptocurrency, decentralised apps and other emerging developments in the tech industry.