Good morning! News reaching Ethereum World News indicate that the time has finally come for Ripple to have its own trading pair even before the SBI Virtual Currency exchange hits the markets in the coming summer. Indian Exchange, Zebpay, has just announced that it will be offering TRX/XRP trading pair on its exchange as the first pair on it. This is good news for both the Tron (TRX) foundation and the Ripple (XRP) project.
The announcement was made via the Zebpay twitter handle and they had this to say:
Zebpay is excited to announce the launch of XRP market for crypto-to-crypto trading. The first pair we’re introducing is TRX/XRP. More crypto pairs coming soon. Happy Trading! #zebpaycryptotrading @Ripple @Tronfoundation
This is exciting on so many levels.
Firstly, and earlier mentioned, we see XRP forming the base in trading on the exchange. This means that there will be more pairing with the number 3 coin in the crypto-verse. This means more action for XRP and more demand for the currency on the Zebpay exchange.
Secondly, and still about Ripple, this sets precedence for the yet to be released SBI Virtual Currencies exchange that has been mentioned to being Ripple-centric in terms of trading. XRP pairs are sure to be on the exchange and as the main attraction.
Thirdly, this signifies the start of a possible ‘flippening’ of Bitcoin. Flippening is defined as the end of dominance of one cryptocurrency in the markets through the rise up the ranks of another less popular coin. In this case, XRP might flippen BTC and TRX will make its way up to the top 6 crypto on coinmarketcap as envisioned by Justin Sun.
Fourthly, this trading pair adds to the much needed liquidity of TRX ahead of the MainNet launch. Zebpay also supports the token migration on the 21st of June!
Zebpay is an app enabled Bitcoin wallet provider headquartered in Singapore with its IT office in India. The App recently added multiple cryptocurrencies and exchange capabilities with support of XRP being available on the 8th of February. The App is available both on Android and iOS. The mobile exchange is currently ranked 82nd with a daily trade volume of $6.825 Million at the moment of writing this.
In conclusion, we can only say three words with respect to both TRX and XRP!
Moon! Moon! Moon!