Weiss Ratings is strongly behind the notion of the XRP community as it says that it makes complete sense for Binance to add XRP (XRP) as a base currency. The digital currency rating firm – Weiss Ratings appears to be taking a liking to the digital currency as it recently posted on Twitter that XRP is really fast when it comes to transferring funds between exchanges.
The XRP Community Wants XRP as a Base Currency on Binance
Binance – one of the largest and most active digital currency trading platform in the world – is presently handling a daily trading volume of about $1.1 billion. The trading platform facilitates trading via the base currencies of Ethereum (ETH), Bitcoin (BTC), Binance Coin (BNB), and Tether (USDT).
Now, the XRP community has started an online campaign for the trading platform to add XRP as a base currency. Recently, the digital currency is gaining so much momentum as a new base currency. DCEX – a San Francisco-based trading platform – added XRP as a base currency. Unocoin – an India-based exchange – also did the same thing.
Here Are Some of the Reasons the Community Outlined During Their Campaign for the Addition of XRP as A Base on Binance
- It is cheaper and faster
- It would attract more users to the trading platform
- It is the fastest digital currency to transfer funds from one exchange to another
- It would bring large fund movers (aka whales) that would increase the trading volume of the trading platform
- Given the large popularity of the digital currency, it is the progressive and natural thing to do.
XRP (XRP) Price Today – XRP / USD
XRP (XRP) is currently valued at $0.3043 after an increase of more than 3 percent over the past twenty-four hours. The digital currency currently boasts of a market cap of $12.04 billion and a trading volume of $247.20 million over the past twenty-four hours.