Binance Expands Trading Support for Ripple (XRP): Everything You Need to Know

Ripple's XRP receives additional trading support on Binance. Here's everything you need to know.

Ripple’s XRP receives additional trading support on Binance. Here’s everything you need to know.

Binance – the world’s largest cryptocurrency exchange – is expanding trading support for Ripple’s XRP. However, there’s more to that than meets the eye, so let’s dive in. In its most recent announcement, Binance revealed that it is adding one more trading pair for Ripple’s XRP – XRP/FDUSD.Binance will open trading for the DOGE/FDUSD, SOL/FDUSD, TOMO/TRY, UNFI/TRY, and XRP/FDUSD trading pairs at 2023-0907 08:00 .

Right off the bat, users will be able to trade without paying for trading fees until there’s further notice of it.It’s a reserve-backed stablecoin that’s issued by a subsidiary of a Hong Kong-based financial firm called First Digital Limited . The cryptocurrency was launched back in June 2023 on Ethereum and on the BNB Chain. There are plans for it to be issued on other networks as well.The document is audited by independent specialists in a bid to attest to FDUSD’s complete backing and equivalent value.

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