XRP the Standard? Binance CEO Trolls the Ripple Community
Binance CEO Changpeng “CZ” Zhao took to Twitter on Sunday to send out a message to the Ripple (XRP) community regarding their constant shilling of XRP as a base currency for the leading crypto exchange.
In the tweet, CZ asked XRP community members to place their “shills” in comment responses, while also highlighting a series of tips for cryptocurrency projects to get their coins listed on the exchange.
The xrp base shill is strong. Let's get it out of your system, and put all your shills under this one tweet, and let's see how much we get. https://t.co/usiISCtuSj
— CZ Binance (@cz_binance) November 18, 2018
While a greater majority of the responses were some form of meme, the actual case for bringing XRP as a base pair is not that outrageous, given its relative liquidity and corporate backing.
There is a small, but growing list of cryptocurrency exchanges that have adopted XRP as a trading base standard. Last August, AlphaPoint, a financial technology company that helps companies access the blockchain and make illiquid assets liquid, launched DCEX, a next-generation digital currency exchange for retail and institutional investors that was the first exchange to have XRP as its exclusive base currency.
More recently, Estonian-based XRP United launched with BTC/XRP, ETH/XRP, and BCH/XRP trading pairs. The exchange notes that XMR/XRP will be added once a Monero wallet is integrated into the exchange.
XRP is currently down over 5% to $0.48107, giving the altcoin a $19.35 billion market cap and making it the 2nd largest coin in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.