Binance CEO Changpeng Zhao has just made an announcement about adding XRP as a base currency, thus putting an end to months of speculation. So far, only a couple of trading pairs will be available.
The announcement follows a steadfast campaign from the Ripple and XRP community, which lobbied for months, asking Zhao to pair a wide range of coins with XRP.
Supporters of Ripple (XRP) have been pushing to convince Binance that adding XRP as a base pair is a great fit for cryptocurrency trading, due to the speed of the digital asset.
They also say XRP’s widespread adoption as a base pair could lower the market’s overall dependence on the price of Bitcoin.
Zhao, likely feeling the holiday season hit his nerves, revealed that Binance will be adding the aforementioned asset as a “quote (base) shortly.”
It wasn’t explained which pairs would support the new base pair, but it can be assumed that leading cryptocurrencies will be matched with XRP.
Binance also will be adding TRX/XRP and XZC/XRP trading pairs to the new Combined ALTS Trading Market (ALTS) today at 11:00 AM (UTC).
Binance notes that the original ETH market will be renamed as the ALTS Trading Market, which will allow it to support more trading pairs with a variety of quoted currencies.
XRP holders are hopeful that this move from Binance would trigger a long wished decoupling of XRP from bitcoin.