Market Today

Binance introduces XRP/USDT Trading Pair: Time for $1
Editorial Team

Binance is offering over 300 trading pairs. Yesterday, it announced another adding, that of XRP/USDT trading pair. This movement gave Ripple an upward push.

With Binance adding XRP trading pairs, it is expected that the price of Ripple will move toward the north significantly or at least uptick.

During the last day, the price of Ripple has increased by 5.75% with its trading value pegged at $0.904. Also, the cryptocurrency has managed to stay at a fixed value in the last week, meaning that this decision is receiving significant attention.

At press time, the trading volume of Ripple is close to $996 Million, while its market capitalization is at $32.25 Billion. The mark of $1 is nearest than ever.

Earlier, a United Kingdom-based global banking alternative named Revolut revealed that it will be adding Ripple soon. Their declaration informs that with a normal Revolut account, crypto investors will be able to buy cryptocurrencies by just connecting their UK bank accounts to Revolut protocol. Also, they will be allowed to convert crypto to any fiat currency they want without any form of hindrance.

Recently, Ripple has tried very hard to get listed on Coinbase, including alleged financial inducement. All of them were futile, even if this development would be a significant push for the cryptocurrency.

The aim of the Ripple’s team is conducting partnerships with banks and FinTech companies. However, all these have proved to be no so much beneficial for the cryptocurrency’s performance.

Ripple recently invested in ideas that can create growth in its ecosystem and it is coasting different industries. Ripple’s team is eyeing also international banks or even better to become the bank of the banks.

However, Ripple is the only cryptocurrency that supports the security regulations. The CEO, Brad Garlinghouse says “Regulators are behaving as they should make sure we have regulation around KYL and AML. There are reasons for that. If exchanges are trying to circumvent KYC requirements, [regulators] should come in and enforce that.”