Binance is adding new XRP trading pairs for the holidays, including TRX/XRP and XZV/XRP. Furthermore, the ETH Trading Market will be renamed to the ALTS Trading Market, allowing for the possibility of more trading pairs with different quote currencies in the future.
Ripple has had a strong month of partnerships and has effectively weathered the crypto bear market. Today, XRP secures a small win as it becomes more accepted as a base trading pair.
We will be adding a couple trading pairs with XRP as the quote currency shortly.
And rename ETH markets to ALTS market. Running out of space on the UI.
— CZ Binance (@cz_binance) December 24, 2018
Not only that, Binance is renaming the ETH Trading Market (ETH) to the ALTS Trading Market (ALTS) to support more trading pairs with other quote currencies in the future.
The move is meaningful because it represents more widespread acceptance of XRP, and provides a potentially more cost effective alternative to using Bitcoin or Ethereum as a base pair. The added XRP pairs should provide additional liquidity to TRON and Zcoin as well.
It seems that Ripple enthusiasts got to open a present early for Christmas Eve. Hopefully, there are even more presents waiting on Christmas day.
Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post.