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Binance's XRP-Pegged Token Now Available for Trading on Its Decentralized Exchange

  • Alex Dovbnya
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    Binance announces that an XRP/BNB trading pair is now open for trading on Binance DEX

Binance's XRP-Pegged Token Now Available for Trading on Its Decentralized Exchange
Cover image via news.u.today

Binance, the leading cryptocurrency exchange that makes it hard to keeps up with all of its products, has made an announcement about listing XRP-BF2 on its decentralized exchange.


On Oct. 4, Binance CEO Chanpeng Zhao spilled the beans about the new coin on the block, which will be pegged to Ripple's XRP. However, as reported by U.Today, some of the members of the "XRP Amry" weren't particularly happy about this initiative, claiming that it would create more inflation for Ripple's native token.       

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XRP-BF2 is backed 1:1 by Ripple's XRP and issued on Binance Chain, the custom Blockchain of the Malta-based cryptocurrency juggernaut. Numerous projects have already moved from Ethereum to Binance Chain, but the CZ-helmed company took it a tad further by issuing its own versions of top cryptocurrencies. 

Prior to XRP, Binance also rolled out its Bitcoin-pegged token (BTCB) back in June 2019.   

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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TRX Price Goes Green as the Number of Registered Tron Accounts Hits 3.8 Mln

  • Yuri Molchan
    📰 News

    Tron’s TRX was the second highest-growing asset earlier today, as number of accounts on the network got over 3.8 mln

TRX Price Goes Green as the Number of Registered Tron Accounts Hits 3.8 Mln
Cover image via www.123rf.com

Justin Sun-founded Tron has reached another big milestone, this time it concerns the number of active accounts on the network.

From a recent tweet of a Tron community member, it is clear that the number of accounts registered on Tron now totals more than 3.8 mln – 3,803.403 as per the offered screenshot.

As per the Tron’s market stance, TRX has so far managed to hold on to position #11 on CoinMarketCap, where it has recently returned after spending quite a long while on spot #14.

Earlier today, Tron showed the second best price performance on the top 11 list, coming second after XRP.

XRP-TRX
Image by CoinMarketCap

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At press-time, TRX is sitting at $0.0165, showing a mild rise by 1.75 percent. As reported by U.Today earlier, this morning, the coin demonstrated a spike by 4.32 percent.

TRX price
Image by CoinMarketCap

As well as getting back to position #11 on CoinMarketCap, recently, Tron celebrated 500,000 new users joining the network. Another recent milestone reported by Justin Sun was the significant progress with users transferring their USDT coins to the Tron chain.

 

Are you bullish on further TRX price? Talk to us in the comments section below!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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