Binance Unveils XRP & Other Major Crypto Listings, What’s Next?

The world’s largest crypto exchange Binance on Tuesday announces new trading pairs and trading bots services on Binance Spot. Binance will list new trading pairs for top cryptocurrencies — Bitcoin (BTC), XRP, Ethereum Name Service (ENS), and Lido DAO (LDO).

Binance Announces News BTC, XRP Against Mexican Peso

In an official announcement on May 28, Binance said it is open trading for new trading pairs to expand the list of trading choices and enhance users’ trading experience on Binance Spot.

Binance users can start trading BTC/MXN, XRP/MXN, ENS/USDC and LDO/USDC trading pairs at 15:00 UTC on May 29. The move to list Mexican peso (MXN) pairs came amid an increase in demand for crypto and adoption in the region.

The crypto exchange will also offer trading bots services for BTC/MXN, XRP/MXN, ENS/USDC, and LDO/USDC trading pairs. Binance will enable Trading Bots services for these crypto at 15:00 UTC on May 29.

“Users residing in the following countries or regions will not be able to trade the above-mentioned spot trading pair(s): Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine,” as per the announcement.

Also Read: Ripple CEO Garlinghouse Confident On Crypto’s Win in Elections and XRP Lawsuit

XRP and BTC Price to Surge?

XRP price fell 2% in the past 24 hours, with the price currently trading at $0.524. The 24-hour low and high are $0.521 and $0.537, respectively. Furthermore, the trading volume has increased by 20% in the last 24 hours, indicating a decline in interest among traders.

XRP futures open interest has also declined in the last 24 hours, with 1.8 billion XRP worth more than $618 million. The selloff by traders continued in the last few hours, but options expiry data indicate a price jump.

BTC price tumbled over 3% in the past 24 hours. The price is currently trading at $67,358, with a 24-hour low and high of $67,450 and $70,025, respectively. However, analysts predicted further upside for new all-time high.

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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