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Binance brings in WeChat and Alipay to target Bitcoin {BTC} HODLers in China, XRP-BF2 gets listed on DEX

Bitcoin

Binance will soon add support for WeChat and Alipay which will ensure customers based in China can buy Bitcoin and other assets [Ether and XRP] with ease with these two newly-included methods for payment. A confirmation tweet was sent out by Changpeng Zhao a day back.

Thus, Binance has been able to join the massive P2P market alongside Huobi as well as OKEx. China has banned exchanges from operating, but over-the-counter and peer-to-peer trading is still active and in high demand. Considering the fact that China houses a huge chunk of mining pools shelling out BTC, Binance’s latest move may help BNB recover some of the value lost over the span of 3 months.

Binance Coin is ranked at #8 in the market. The price dipped marginally, at a rate of 0.05% in the course of the past 24-hours. This brought BNB all the way down to $17.38 where it currently holds. The trading volume recorded stands at approximately $260.626 million, while the supply has 155,536,713 BNB coins in play for now. The total market cap of Binance Coin is $2.703 billion as of this moment.

A verifies blog post published 4 hours ago mentions the listing of XRP-BF2 on Binance DEX. The Exchange will also help users convert XRP-BF2 to XRP and vice versa. Interoperability is expected to improve as a result of this initiative.

Today at roughly 8:30 AM [UTC] the XRP/BNB trading pairs would go LIVE and would be accessible by all users scattered across the globe.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.