Wednesday, January 20, 2021

Binance Adds XRP and Turkish Lira Trading Pair

Binance, the largest cryptocurrency exchange by trading volume has some hours ago announced the addition of Ripple’s digital token XRP and Turkish fiat currency lira trading pair.

As always, the Binance exchange made this known via its official website, coupled with a hint on its Twitter handle on 25th December 2019.

This implies that Turkish Lira has joined other fiat currencies such as the United States Dollar (USD), Singapore dollar (SGD), and Russian ruble (RUB) that XRP fiat pairs.

In conjunction with XRP/TRY trading pair, Binance has also opened trade for USDT/TRY, USDT/TRY, ETH/TRY, and USDT/RUB trading pairs.

Trading for all these pairs was scheduled to commence by on 25th December 2019 at 8:00 AM (UTC). This shows that trading is already on for the above-listed pairs, considering the time scheduled.

Meanwhile, the other national currencies listed on Binance subsidiary exchanges such as Nigerian naira (NGN), Euro (EUR), Pound Sterling (GBP) and Ugandan shilling (UGX) are still waiting to be paired with the Ripple’s digital currency, XRP. However, the possible time for such to play out is discretely meant for Binance to determine.

In the published announcement, Binance notified its teeming users that Turkish lira (TRY) and Russian Ruble (RUB) are national currencies belonging to Turkey and Russia respectively, and do not represent the ticker of other existing digital assets.

Conclusively, Binance passed a note of warning (based on trading responsibly) across to the traders and users of its exchange, reiterating that cryptocurrency trading is subject to a high level of risk. The exchange then promised to keep supplying its users with the best digital coins in the market.

LongBit Trading Platform Lists XRP

Ripple’s owned digital currency, XRP, continues to gain traction among tons of cryptocurrency exchanges and trading platforms soliciting for liquidity, probably due to the encouraging daily transactions on XRP network across the board.

In another news on 24th December, LongBit, a cryptocurrency trading platform that aims to build a safe, stable, transparent and fair trading of digital assets globally, announced the listing of XRP on its trading platform.

LongBit shared thus, “New Listing XRP! LongBit will support XRP, and XRP/USDT,XRP/BTC trading will be available at 15:00, Dec 26 (UTC+8); deposit and withdraw will be available at18:00, Dec 24 (UTC+8); At the same time, XRP deposit ranking and trading volume competitions are launched.”

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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