Binance, the world’s leading cryptocurrency exchange by trading volume, has announced that it will be adding support for Ripple (XRP) on its platform. This news comes shortly after Binance revealed that it was exploring the addition of XRP.
Ripple is the third-largest cryptocurrency by market capitalization, behind only Bitcoin and Ethereum. XRP has seen a surge in price and trading volume over the past few months, as investors become increasingly bullish on the digital asset.
NOTE: This is a warning note to alert users that RMRK is not associated with Binance and that no investments should be made in RMRK through Binance. Binance is an online cryptocurrency exchange, and RMRK is not a cryptocurrency or any other asset that can be traded on the platform. Investing in assets on Binance, such as Bitcoin or Ethereum, carries its own risks and should be done only after careful research.
Adding XRP to Binance will allow users to buy and sell the currency using the platform’s native token, Binance Coin (BNB). Binance will also offer trading pairs for XRP/BTC and XRP/ETH.
This is a major development for Ripple, as it will now have a listing on one of the most popular cryptocurrency exchanges in the world. This will likely lead to more demand for XRP, and could help increase its price even further.
Ripple has been working hard to increase adoption of its technology by financial institutions around the world. The addition of XRP to Binance is yet another sign that Ripple is gaining traction in the marketplace.
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