![]() While wrapped versions of Bitcoin (BTC) and Ether (ETH) are already familiar sights on Decentralized Finance (DeFi) platforms and exchanges, we now have a new wrapped asset to work with: Wrapped XRP (wXRP). Ripple XRP-Ripple Drop 22,Barclays Drops Binance,Does XRP. initially annouced it would be suspending XRP trading from January 14th, but then quickly moved the date forward to Janaury 7th. For example, Coinbase and Binance both distributed FLR tokens to users. This was an example of an airdrop that was supported by many leading cryptocurrency exchanges. However, it took until early January 2023 for the FLR tokens to actually be airdropped to eligible users. One way to overcome this is by using wrapped tokens to bridge coins from one chain to another. The snapshot for the Flare token airdrop was taken on December 12, 2020. However, managing and investing all these assets can be tricky, especially when blockchains aren't interoperable. You can use wXRP to stake in liquidity pools by providing it in a token pair on platforms including Uniswap and Sushiswap.Ī typical cryptocurrency portfolio is likely to have coins and tokens across multiple blockchains. The reserves of wXRP are managed by the licensed custodian Hex Trust, and you can begin wrapping XRP by signing up for an account with Wrapped. If you want to get started, you can purchase ’s ERC-20 Wrapped XRP (wXRP) via Binance. Wrapping XRP allows you to use the DApp ecosystem of a different blockchain and diversify your portfolio on that chain. This creates a steady peg between the two tokens. When the price of wrapped XRP is lower, traders buy and unwrap wXRP and sell XRP, increasing wXRP's price. When the price of wrapped XRP is higher, traders wrap the cheaper XRP and then sell wXRP, lowering its price. The price of wrapped XRP is pegged to XRP due to arbitrage. Binance US CEO Norman Reed Becomes a Central Topic in Ripple Discussions It could be a big week for XRP and the US digital asset. The wrapped asset is exchangeable 1:1 with XRP held in reserve by a custodian that facilitates wrapping XRP and unwrapping wrapped XRP. XRP extended its losing streak to five consecutive weekly losses. Binance.US is not responsible for any loss that you may incur from price fluctuations when you buy, sell, or hold cryptocurrencies.Wrapped XRP is a token pegged to XRP that can be used on blockchains other than XRP Ledger. ![]() The volatile and unpredictable nature of the price of cryptocurrencies may result in significant loss. Binance will undoubtedly see positive short terms effects on price. Risk warning: Buying, selling, and holding cryptocurrencies are activities that are subject to high market risk. January 5th, RaiBlocks is listed on 3 relatively minor exchanges. If you have any questions, please submit a request via Binance.US Support. Stay tuned for a separate announcement to come shortly. ![]() In accordance to our Digital Asset Risk Assessment Framework for evaluating coins and tokens for listing on Binance.US, we are pleased to be announcing a second batch of coins for listing soon. Please refer to the Binance.US Referral Program to learn more. ( 09-10) Binance Upgrades Options Market Maker Program () ( 09-08) Binance NFT: Important Updates on The Sandbox NFT Staking Program and Polygon. Binance Futures Will Update the Leverage, Margin Tiers and Capped Funding Rate Multiplier of USD-M PERPUSDT Perpetual Contract. You can also receive an additional $15 for every new sign-up you refer to Binance.US. 0.00001937 XRP to BTC Price & Chart Binance Spot. ( 09-08) Binance Adds BAND, FLM, STMX on Cross Margin & New ADX, PROM, PROS Isolated Margin Pairs. In addition, each new account that completes USD Verification will receive a $15 sign-up and referral bonus once they reach $100 in trading volume (buy and/or sell, any trading pairs). Binance Upgrades Options Market Maker Program () ( 09-08) Binance NFT: Important Updates on The Sandbox NFT Staking Program and Polygon Network Support. To welcome new users, Binance.US will offer zero (0) fees until November 1, 2019. USDT Pairs: BTC/USDT, ETH/USDT, XRP/USDT, BCH/USDT, LTC/USDT and BNB/USDT. USD Pairs: BTC/USD, ETH/USD, XRP/USD, BCH/USD, LTC/USD, BNB/USD and USDT/USD. Binance.US will commence trading on Septemat 9:00am EST / 6:00am PST.Īt launch, Binance.US will list BTC, ETH, XRP, BCH, LTC, BNB and USDT, available for trading across 13 fiat-to-crypto and crypto-to-crypto trading pairs:
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