Binance Adds USDC Trading Pairs; XRP And XLM Get New Liquidity


Binance just announced that it would add a few new USD Coin pairs. Both Ripple’s XRP and Stellar (XLM) will have USD Coin pairs besides the existing stablecoin pairs. This involves canceling any trades that exist in the current two USDC markets: USDC/BNB and BTC/USDC.

Binance addressed the existing trades in tangential markets:

“Please note: The existing USDC/BNB and USDC/BTC trading pairs will be removed and delisted at 2018/12/16 03:00 AM (UTC). All existing orders in each order book will also be canceled at this time.”

XRP and XLM get new liquidity

Both XRP and XLM have been already listed against PAX, USDT, and TrueUSD. Now, they are going to have an additional fiat trading pair in USDC. Currently, both coins are a really long way from their all-time high.

These two coins basically started with similar technologies, but the Stellar project prefers to see itself as a peer-to-peer payment protocol. Ripple prefers to keep its focus on bank-to-bank and institutional money movements across borders while closing the gaps that are currently present in the financial world.

These kinds of frictions have been created using intermediary banks and more but with the birth of the blockchain technology they can be eliminated.

Binance launched its own blockchain

In other news, in a brand new post on Medium, Binance announ ced the migration of its digital asset Binance Coin (BNB) from the Ethereum network to its own blockchain, Binance Chain.

Binance announced that “details on when Binance Coin will transition from ERC20 token to native Binance Chain asset will be revealed soon.”

Binance said that the new blockchain would also support Binance DEX, the decentralized exchange that is currently in the works.

Binance CEO Changpeng Zhao still believes that Ethereum is just too slow for mass adoption.

“While this criticism has long been leveled at Ethereum, CZ says any blockchain designed for general smart contracts (as the current competitors are) won’t be swift enough,” Zhao told Fortune back in August.

Coins Mentioned

PAX

Paxos Standard

USDC

USD Coin

USDT

Tether

XRP

XRP

Icon
1xBit

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
Nitrogen Sports

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
7bitcasino

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
BitStarz

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
FortuneJack

Lorem Ipsum is simply dummy text of the printing and typesetting industry....

Exchanges
Icon
CEX.IO

Read Review - Website

Icon
Coinbase

Read Review - Website

Icon
Binance

Read Review - Website

Casinos
Icon
7bitcasino

Read Review - Website

Icon
BitStarz

Read Review - Website

Icon
FortuneJack

Read Review - Website

Sportsbook
Icon
1xBit

Read Review - Website

Icon
Nitrogen Sports

Read Review - Website

Icon
SportBet.io

Read Review - Website

Trending news

thumbnail13 - Binance Adds USDC Trading Pairs; XRP And XLM Get New Liquidity

Trending news

Top Exchanges
Icon
CEX.IO

3

Read Review - Website

Icon
Coinbase

2

Read Review - Website

Icon
Binance

1

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Top Sportsbook
Icon
1xBit

4.03

Read Review - Website

Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

1673 Articles
7255 Followers