Ripple Eyes $1 Mark As Binance Introduces XRP/USDT Trading Pair

Ripple Eyes $1 Mark As Binance Introduces XRP/USDT Trading Pair

Altcoins News
May 4, 2018 by Henrik Bliss
1862
World leading cryotcurrency exchange Binance, announced today it has added XRP/USDT trading pair to its platform. The development has given the Ripple coin XRP a slight surge in the trending bull market. The new listing is expected to move the price of Ripple toward the north, or at worst uptick. In the last 24 hours,
Ripple Eyes $1 As Binance Introduces XRP/USDT Trading Pair

World leading cryotcurrency exchange Binance, announced today it has added XRP/USDT trading pair to its platform. The development has given the Ripple coin XRP a slight surge in the trending bull market.

The new listing is expected to move the price of Ripple toward the north, or at worst uptick.

In the last 24 hours, the price of Ripple has increased by 5.75%, with its trading value pegged at $0.904. It appears Ripple is receiving more attention since it was added to Binance because the cryptocurrency has managed to remain slightly at a fixed value in the last 7 days.

 

Image Source: CryptoCompare Index

At press time, Ripple trading volume is now at $996 Million, and its market capitalization is at $32.25 Billion. There is possibility that Ripple achieves its much anticipated $1 today or anytime soon.

Earlier, Revolut, a United Kingdom based global banking alternative also revealed it will be adding Ripple (XRP) any moment. The declaration informs that with a normal Revolut account, crypto enthusiasts have the opportunity to purchase cryptocurrencies by just connecting their UK bank accounts to Revolut protocol, while allowing the platform users the privilege to convert crypto to any fiat currency they wish without any form of hindrance.

Ripple has tried hard to get listed on the most popular exchange, Coinbase, but all efforts, including alleged financial inducement, were futile. The listing would have been a major boost for the cryptocurrency.

Ripple team are trying to move ahead and present a digital coin that will be number one, like bitcoin. The team behind the coin sees partnering with banks and fintechs as possible boost, however, there has been no significant improvement for the altcoin.

In a bid to bring more growth to Ripple, the financial firm recently invested in ideas that can create growth in its ecosystem. The network is courting a wide range of industries offering financial services. With the RippleNet, the company claims to offer financial institution a faster way to run transactions.

So far, RippleNet has gained quite a number of adoption from international banks, most notably from the multinational banking and financial service company, Standard Chartered, which recently announced its plan to extend its use of the RippleNet to five more pairs of countries over the coming year.

 

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