Important Binance Update Affecting ripple (XRP) Investors
TL;DR
- binance will launch 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 Credits.
The leading cryptocurrency exchange continues to implement changes to its platform “to improve users’ trading experience.”
According to a recent news announcementBinance will launch XRP/USDT options in the Binance Options RFQ on March 11.
RFQ stands for “Request for Quote” and allows users to request options quotes from the company’s OTC Trading Desk. “Users can now leverage Options RFQ’s institutional-grade liquidity and complete over-the-counter large-cap options trades at more competitive prices and zero fees,” Binance explains.
The price of XRP showed little to no fluctuation following the announcement and remains at approximately the same levels as observed on March 7. It is currently worth around $0.63, up 6% on a 7-day scale (according to CoinGecko data).
Earlier this week, Binance temporarily suspended Solana (SOL) withdrew due to “increased transaction volume on the network.” The service is expected to restart on March 9.
Other new announcements from the exchange include: delist popular privacy coin Monero (XMR) and three other altcoins – aragon (ANT), Multichain (MULTI) and Vai (VAI).
On the other hand, Additional Filecoin (FIL), near Protocol (NEAR), Stellar (XLM), EOS (eos), injective (INJ), and Alien Worlds (TLM) as new loanable assets on Binance Credits.
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