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

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

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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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

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    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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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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