Important Binance Update Affecting Ripple (XRP) Traders

Binance is set to introduce XRP/USDT options trading by the end of the week, aiming to improve trading experiences with competitive pricing.

The company also adjusted its offerings by suspending Solana withdrawals, delisting several altcoins, and adding new assets to Binance Loans.RFQ stands for “Request for Quote” and enables users to ask for option quotes from the company’s OTC Trading Desk. “Users may leverage Options RFQ’s institutional-grade liquidity now and complete large-sized options trades over-the-counter at more competitive prices and zero fees,” Binance explains.

XRP’s price has shown little-to-no volatility after the disclosure, hovering at approximately the same levels observed on March 7. Currently, it is worth about $0.63 , a 6% spike on a 7-day scale.Solana withdrawals due to “the increased volume of transactions on the network.” The service is expected to be restored on March 9.Filecoin , NEAR Protocol , Stellar , EOS , Injective , and Alien Worlds as new loanable assets on Binance Loans.

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