XRP price has not impressed investors recently. Some proponents of the digital currency have even taken it a step further by starting a petition to stop XRP dumping by Ripple. these enthusiasts hope that a decrease in supply may lead to an increase in demand, ultimately pushing the price further up. In other positive news, XRP gets new trading pairs on Poloniex.
According to reports, Poloniex has announced the addition of the XRP/USDC and XRP/USDT margin trading pairs on its platform. By making a move like this, the platform has diversified its trading options for users of its crypto trading exchange. It has improved the number of trading pair options for crypto traders on the exchange.
XRP (XRP) Price Today – XRP / USD
Poloniex Has Gotten the Attention of the Crypto Space with its Latest Trading Announcement
Poloniex has steered the attention of the digital currency community by announcing its latest token pairs for trading on its exchange. The crypto exchanged that is under the ownership of Circle, reportedly launched the new USDC and USDT marginal trading pairs for its customers across the world. The platform appears to be moving in the right direction.
These two major pairs that were added among a total of 9 overall margin trading pairs on the exchange include XRP/USDT (Tether) and XRP/USDC (USD Coin). This move increased the liquidity of the stable coin in the market. Additionally, the other pairs that were listed on the crypto exchange include ETH/USDC, BCHABC/USDC, USDT/USDC, BCHSV/USDC, ETH/USDT, XMR/USDC and STR/USDT.
Poloniex will Offer Users a 50% Discount from All Margin Trading Pairs on its Platform
In a bid to encourage crypto lobbyists along with traders to make full use of the newly announced margin trading pairs on the exchange, Poloniex made some moves. It is understood that official announcement shared by the platform revealed that the digital asset exchange will offer traders 50% discounts for all margin trading pairs.
The news of the additional marginal trading pairs and that of the 50% offer over marginal trading pairs on the exchange was shared via the official twitter page of Poloniex. It was put this way:
“ICYMI: we have added nine new $USDC and $USDT margin trading pairs to our network. You can enjoy a 50% discount off all margin trading fees from Friday 10 pm SGT!”
Poloniex is living up to its Promise of Delivering More Trading Options to Traders
With its goal of delivering more margin trading pair options to digital currency traders who use its platform, Poloniex decided to diversify its offering. It did this by adding the above mentioned new pairs on its trading platform. The new margin pairs that were added on the exchange were reportedly added just a few days after the integration of the USDC and Tether token for margin trading on the platform.
As the market continues to get more and more inflow of funds, Poloniex has played a masterstroke in the game by adding the new trading pairs. This will definitely give the exchange an edge over others like it. And with no more than 20 pairs now available for margin trading via the Poloniex exchange, crypto enthusiasts and commentators can get the largest slice of the cake. Now users can now access more trading options on the exchange.