Binance, the world’s most popular exchange, has added GBP (Pound sterling) trading pairs on its platform.
According to the announcement, Binance opened trading for BTC/GBP, ETH/GBP, XRP/GBP, BNB/GBP, and GBP/BUSD trading pairs on June 19.
Binance already offers EUR (Euro), RUB (Russian Rouble), and TRY (Turkish Lira) XRP pairs on its main platform, SGD (Singapore dollar) on Binance Singapore, and USD (United States dollar) on Binance US.
The XRP/GBP pair on Binance has been added to our fiat pairs page.
Less than a month ago, Bitstamp, Ripple’s On-Demand Liquidity partner exchange for the Euro and United States dollar currencies, added the GBP/XRP pair. A few days after that, Utility-scan began picking up ODL trades from GBP to PHP (Philippine peso).
ODL exchanges like Bitso, Bitsamp, and exchanges that use XRP as a base currency like Bitrue have seen their volumes surge in the past few months. In February 2019, Binance’s CEO Changpeng Zhao, suggested in an AMA that Binance was interested in partnering with Ripple but nothing has been announced since then.
With so many fiat pairs and such high trading volumes, Binance would be an ideal ODL exchange.